What is the application form for the certificate of registration of fund certificate distribution agent in Vietnam? What is the application for the certificate of registration of fund certificate distribution agent?
- What is the application form for the certificate of registration of fund certificate distribution agent in Vietnam?
- What is the application for the certificate of registration of fund certificate distribution agent?
- What are the cases of revocation of the certificate of registration of fund certificate distribution agent in Vietnam?
What is the application form for the certificate of registration of fund certificate distribution agent in Vietnam?
Certificate of registration for distribution of fund certificates, made according to Form No. 88 specified in the Appendix issued together with Decree 155/2020/ND-CP. Below is a picture of the certificate of registration of fund certificate distribution activities:
Download certificate of registration of fund certificate distribution agent: Here.
What is the application form for the certificate of registration of fund certificate distribution agent in Vietnam? What is the application for the certificate of registration of fund certificate distribution agent? (Image from the Internet)
What is the application for the certificate of registration of fund certificate distribution agent?
Pursuant to Clause 1, Article 220 of Decree 155/2020/ND-CP stipulates as follows:
Documentation and procedures for issuance of the certificate of registration of public fund certificate distribution agent
1. An application for the certificate of registration of fund certificate distribution agent shall include:
a) The application form No. 88 in the Appendix hereof;
b) The authorization form No. 89 in the Appendix hereof;
c) The Certificate of Enterprise Registration, establishment and operation license (if any) of the applying organization and the distribution locations;
d) The description of facilities and personnel at distribution locations according to Form No. 90 and personal information sheets of the distribution agent’s employees according to Form No. 91 in the Appendix hereof; foreign securities practicing certificates of the employees (if any);
dd) The decision of the competent authority on promulgation of professional processes, including: information verification, identification of investors, distribution of fund certificates, regulations on prevention of late transactions; code of professional ethics for the distribution agent’s employees;
e) The written approval granted by a relevant authority for operation of the fund certificate distribution agent (if any).
2. When a securities investment fund management company distributes fund certificates, it shall have adequate personnel and professional processes for fund certificate distribution.
3. a) Within 10 days from the receipt of the satisfactory application, SSC shall issue the certificate of registration of fund certificate distribution agent. In case the application is rejected, SSC shall issue a written rejection and provide explanation.
4. The Minister of Finance shall provide guidance on operation of fund certificate distribution agents.
Thus, according to the provisions of the application file for registration of distribution of fund certificates, there are:
An application for the certificate of registration of fund certificate distribution agent shall include:
- The application form No. 88 in the Appendix hereof;
- The authorization form No. 89 in the Appendix hereof;
- The Certificate of Enterprise Registration, establishment and operation license (if any) of the applying organization and the distribution locations;
- The description of facilities and personnel at distribution locations according to Form No. 90 and personal information sheets of the distribution agent’s employees according to Form No. 91 in the Appendix hereof; foreign securities practicing certificates of the employees (if any);
- The decision of the competent authority on promulgation of professional processes, including: information verification, identification of investors, distribution of fund certificates, regulations on prevention of late transactions; code of professional ethics for the distribution agent’s employees;
- The written approval granted by a relevant authority for operation of the fund certificate distribution agent (if any).
What are the cases of revocation of the certificate of registration of fund certificate distribution agent in Vietnam?
Pursuant to Clause 1, Article 221 of Decree 155/2020/ND-CP stipulates as follows:
Revocation of the certificate of registration of fund certificate distribution agent
1. The certificate shall be revoked in the following cases:
a) Voluntary termination of fund certificate distribution;
b) The Certificate of Enterprise Registration, establishment and operation license is revoked;
c) The fulfillment of conditions for fund certificate distribution is not maintained or regulations on fund certificate distribution of the Ministry of Finance are violated during the agent’s operation.
2. An application for termination of fund certificate distribution shall contain:
a) The written request for permission for termination of fund certificate distribution;
b) The original copy of the certificate of registration of fund certificate distribution agent;
c) The report on termination of fund certificate distribution at all locations; records on finalization of fund certificate accounts of clients of the agent or records on transfer of clients to substitute agents (if any).
3. Within 10 days from the receipt of the satisfactory application, SSC shall issue the decision to revoke the certificate of registration of fund certificate distribution agent. In case the application is rejected, SSC shall issue a written rejection and provide explanation.
Thus, according to the above provisions, the certificate shall be revoked in the following cases:
- Voluntary termination of fund certificate distribution;
- The Certificate of Enterprise Registration, establishment and operation license is revoked;
- The fulfillment of conditions for fund certificate distribution is not maintained or regulations on fund certificate distribution of the Ministry of Finance are violated during the agent’s operation.
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