Which agency must changes in information related to securities trading codes in Vietnam be reported to?
- Which agency must changes in information related to securities trading codes be reported to?
- What are the procedures for reporting changes in information related to securities trading codes in Vietnam?
- What are the regulations on the form of a report on changes in information related to securities trading codes in Vietnam?
Which agency must changes in information related to securities trading codes be reported to?
According to the provisions of Article 148 of Decree No. 155/2020/ND-CP, the changes in information related to securities trading codes be reported to the Vietnam Securities Depository and Clearing Corporation as follows:
- The securities trading code holder shall report the following changes to VSDCC:
+ Change of the depository member;
+ Change of name, country/territory where the code holder operates, headquarters address, business registration number if the code holder is an organization;
+ Change of name, nationality, mailing address, passport number or ID number if the code holder is an individual.
- Documents reporting the changes include:
+ The report form No. 44 in the Appendix hereof;
+ The business registration certificate or establishment and operation license that has the changes or other documents about the changes according to form No. 42 in the Appendix hereof in case of changes specified in Point b Clause 1 of this Article;
+ The new passport or ID card in case of changes specified in Point c Clause 1 Article 148 of Decree No. 155/2020/ND-CP.
Which agency must changes in information related to securities trading codes in Vietnam be reported to?
What are the procedures for reporting changes in information related to securities trading codes in Vietnam?
According to the provisions of Clause 3, Article 148 of Decree No. 155/2020/ND-CP on the procedures for reporting changes in information related to securities trading codes as follows:
- Reporting procedures:
+ In case of changes specified in Point a Clause 1 of this Article, the code holder shall report before making the change. In case of changes specified in Point b or Point c Clause 1 of this Article, the code holder shall report within 30 days after making the change;
+ The code holder shall submit the documents specified in Clause 2 of this Article to the depository member;
+ The depository member shall complete form No. 44 in the Appendix hereof on the securities transaction code registration system of VSDCC;
+ Within 01 working day from the receipt of information from the depository member, VSDCC shall issue adjust information in the form of an electronic confirmation. If the change is rejected VSDCC shall make a response on the system and provide explanation;
+ Within 05 working days from the day on which the electronic confirmation of VSDCC is received, the depository member shall submit the documents specified in Clause 2 of this Article to VSDCC;
+ Within 05 working days from the receipt of adequate documents as prescribed in Clause 2 of this Article, VSDCC shall issue a confirmation of changes to the certificate of securities trading code registration and send it to the depository member;
+ Within 03 working days from the receipt of the written confirmation from VSDCC as prescribed in Point e of this Clause, the depository member shall notify the securities trading code holder and send it to the code holder if requested.
At the same time, securities trading code holders shall be legally responsible for the accuracy and truthfulness of the documents about changes in information. The depository member shall examine the adequacy and validity of the application, provide adequate and accurate information provided by the applicant on the online securities trading code registration system of VSDCC. VSDCC shall retain applications for securities trading codes and provide them for SSC when requested in writing.
What are the regulations on the form of a report on changes in information related to securities trading codes in Vietnam?
According to the provisions in the Appendix attached to Decree No. 155/2020/ND-CP, the form of a report on changes in information related to the securities trading code is specified as follows:
See details of the form of a report on changes in information related to securities trading codes: Click here.
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