File for Initial Registration of Private Corporate Bonds Currently Includes Which Documents?
What documents are included in the first-time registration dossier for privately placed corporate bonds?
According to Article 6 of the Regulations issued with Decision 44/QD-VSD 2023, the dossier for the first-time registration of privately placed corporate bonds includes:
- The registration dossier for the first-time registration of privately placed corporate bonds is specified in Article 7 of the Registration and Transfer of Securities Ownership Regulations issued under Decision 108/QD-VSD 2021 by VSD.
- For the template of the Securities Registration Application from the issuing organization (Form 01C/DKCK) and the Bondholder Register (Form 02B/DKCK) under the Registration and Transfer of Securities Ownership Regulations at VSDC, they will be replaced by Form 01/DK-TPRL and Form 02/DK-TPRL in this Regulation for the initial registration of privately placed corporate bonds.
- For privately placed corporate bonds issued from the time Decree 153/2020/ND-CP takes effect and registered at VSDC before this Regulation becomes effective, the issuing organization is not required to re-register the privately placed corporate bonds at VSDC as per Clause 1, Clause 2 of this Article. Instead, they must update and supplement the registration information for the privately placed corporate bonds as stated in Clause 1, Clause 2 of Article 6 of Circular 30/2023/TT-BTC.
Within 2 working days from the first day VSDC receives complete updated and supplementary information from the issuing organization, VSDC will transfer the registration data and depository of these privately placed corporate bond codes to the privately placed corporate bond trading market at HNX and notify HNX, the relevant depository members, and the issuing organization.
What documents are included in the first-time registration dossier for privately placed corporate bonds? (Image from Internet)
What principles are included in the 2023 registration principles for privately placed corporate bonds?
According to Article 4 of the Regulations issued with Decision 44/QD-VSD 2023 regarding the principles for privately placed corporate bond registration.
Principles for registration of privately placed corporate bonds
1. The issuing organization issuing privately placed corporate bonds must register the bonds at VSDC within the timeframe specified in Clause 12, Article 1 of Decree 65/2022/ND-CP dated September 16, 2022, of the Government of Vietnam, which amends and supplements several articles of Decree 153/2020/ND-CP (referred to hereafter as Decree 65/2022/ND-CP).
2. Privately placed corporate bonds registered at VSDC must have face values as prescribed by law.
3. The issuing organization may process the bond registration directly with VSDC or through a securities company.
The 3 principles for the registration of privately placed corporate bonds are as follows:
- The issuing organization issuing privately placed corporate bonds must register the bonds at VSDC within the timeframe specified in Clause 12, Article 1 of Decree 65/2022/ND-CP of the Government of Vietnam, which amends and supplements several articles of Decree 153/2020/ND-CP (referred to hereafter as Decree 65/2022/ND-CP).
- Privately placed corporate bonds registered at VSDC must have face values as prescribed by law.
- The issuing organization may process the bond registration directly with VSDC or through a securities company.
What are the procedures and processes for handling the first-time registration dossier for privately placed corporate bonds?
According to Article 7 of the Regulations issued with Decision 44/QD-VSD 2023, the procedures for handling the first-time registration dossier for privately placed corporate bonds are as follows:
- Within 3 months from the official operation of the bond registration and depository system at VSDC, the time for VSDC to review and process the registration dossier for privately placed corporate bonds is within 12 working days from the first day after VSDC receives the dossier from the issuing organization.
After 3 months from the official operation of the bond registration and depository system at VSDC, the time for VSDC to review and process the registration dossier for privately placed corporate bonds is within 5 working days from the first day after VSDC receives the dossier from the issuing organization. The date VSDC receives the dossier from the issuing organization is specifically regulated in Clause 7, Article 3 of this Regulation.
- If the dossier is fully compliant, VSDC will issue a Bond Registration Certificate (Form 06C/DKCK - Registration and Transfer of Securities Ownership Regulations at VSDC) to the issuing organization and send a notice of bond registration approval to the issuing organization, HNX, and the depository members (Form 07/DKCK - Registration and Transfer of Securities Ownership Regulations at VSDC).
The bond code will be issued by VSDC according to the current regulations on the domestic securities code assignment and the international securities identification number assignment at VSDC issued by VSDC's General Director.
- If the dossier is incomplete or non-compliant, VSDC will send a written notice to the issuing organization requesting supplements, explanations, or specifying the reasons for not registering the bonds.
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