ID :
47196
Tue, 02/24/2009 - 04:31
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Shortlink :
http://m.oananews.org//node/47196
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State Securities Commission given full financial autonomy
Hanoi (VNA) - The Prime Minister has granted the State Securities Commission (SSC) a mandate giving it full autonomy over its finances and staff, which will come into effect on April 8.
The funding for the SSC is currently sourced from the State coffers, and is
supplemented by fees collected by the commission, including charges for licensing,
stock exchange supervision and public company management, as well as other
assorted legal and financial resources.
The Finance Minister pledged that State budgets for the SSC during 2009 would not
be lower than the budget for 2008, while allocations from 2010 onwards would be
calculated according to the previous year's rate, with any annual increases in
spending being decided in accordance with existing regulations.-Enditem
The funding for the SSC is currently sourced from the State coffers, and is
supplemented by fees collected by the commission, including charges for licensing,
stock exchange supervision and public company management, as well as other
assorted legal and financial resources.
The Finance Minister pledged that State budgets for the SSC during 2009 would not
be lower than the budget for 2008, while allocations from 2010 onwards would be
calculated according to the previous year's rate, with any annual increases in
spending being decided in accordance with existing regulations.-Enditem
