Vietnam : Assistance in the Regulation and Guidance for Management of Investment Funds
The project purpose is to provide expert technical assistance to the State Securities Commission (SSC) for the development of the regulatory framework for supervising the investment funds. The main products of the work are an assessment report on t...
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| Format: | Other Financial Sector Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/01/16350136/vietnam-assistance-regulation-guidance-management-investment-funds http://hdl.handle.net/10986/12969 |
| Summary: | The project purpose is to provide expert
technical assistance to the State Securities Commission
(SSC) for the development of the regulatory framework for
supervising the investment funds. The main products of the
work are an assessment report on the key challenges to the
SSC in the supervision and regulation of investment funds,
regulations and guidelines on the management and supervision
of investment funds, and manuals and training on the
supervision of investment fund management activities. The
strong ownership by the SSC of this project was the key to
success. Good relationships were established among all
project stakeholders (i.e., SSC, World Bank, Consultant) and
this was maintained throughout the project. Without this
ownership and the strong, trusting, and interactive
relationships among the project stakeholders, the project
would not have been a success. The following regulations are
pending and were prepared by the SSC in collaboration with
the consultants: operation of open ended funds [the SSC has
confirmed that they do not anticipate that these will be
developed until later in 2008]; operation of Securities
Investment Companies [the SSC has confirmed that these have
been submitted to the Ministry of Finance and should be
promulgated in 2008]; and foreign portfolio investment in
Vietnam [the SSC has confirmed that these have been
submitted to the Ministry of Finance but it is not clear
when these will be issued, other than probably in 2008]. |
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