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Fund management firm to set risk strategies

Update: September, 06/2013 - 11:20

HA NOI (VNS) — Fund management firms and self-directed stock companies will need to set up their own risk management systems prior to 31 March next year, according to the State Securities Commission.

The Commission stated that strategies for risk management needed to be reviewed annually to keep up with market activities.

Representatives of funds and authorized clients will have the right to approve the strategies. – VNS

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