What is the latest application form for securities transaction code Vietnam? What is the latest application form for securities transaction code for a foreign investor?
- What is the latest application form for securities transaction code Vietnam?
- What is the application for securities transaction code for a foreign investor, overseas issuer of DRs, or foreign-invested business organization in Vietnam?
- When will a foreign investor, overseas issuer of DRs, foreign-invested business organization not be issued with the securities trading code in Vietnam?
What is the latest application form for securities transaction code Vietnam?
Application form for securities transaction code according to Form No. 41 specified in the Appendix issued under Decree 155/2020/ND-CP. Below is a picture of the application form for securities transaction code:
Download the application form for securities transaction code: Here.
What is the latest application form for securities transaction code Vietnam? What is the latest application form for securities transaction code for a foreign investor? (Image from the Internet)
What is the application for securities transaction code for a foreign investor, overseas issuer of DRs, or foreign-invested business organization in Vietnam?
Pursuant to Clause 1, Article 146 of Decree 155/2020/ND-CP stipulates as follows:
Applying for securities trading codes
1. An application for securities transaction code to be submitted by a foreign investor, overseas issuer of DRs, foreign-invested business organization specified in Clause 1 Article 143 of this Decree shall contain:
a) The application form No. 41 in the Appendix hereof;
b) A document authorizing the depository member to apply for the securities trading code, unless the applying organization is a depository member;
c) The list of documents for identifying investors according to form No. 42 in the Appendix hereof.
2. An application for securities transaction code to be submitted by a securities investment fund management company or Vietnamese branch of a foreign securities investment fund management company specified in Clause 2 Article 138 of this Decree shall contain:
a) The documents specified in Point a and Point b Clause 1 of this Article;
b) A depository contract between the applying organization and the depository bank;
c) The establishment and operation license of the applying organization.
3. Procedures for applying for securities trading codes:
a) The applicant shall submit the application in accordance with Clause 1 or Clause 2 of this Article to the depository member;
b) The depository member shall complete form No. 41 in the Appendix hereof on the securities transaction code registration system of VSDCC;
c) Within 01 working day from the receipt of information from the depository member, VSDCC shall issue the securities trading code to the applicant and send an electronic confirmation on the online securities trading code registration system. In case the application is rejected, VSDCC shall make a response on the system and provide explanation;
d) Within 05 working days from the day on which the electronic confirmation is issued, the depository member shall submit the application specified in Clause 1 or Clause 2 of this Article to VSDCC;
dd) Within 05 working days from the receipt of the satisfactory application, VSDCC shall issue the certificate of securities trading code registration to the applicant;
e) Within 03 working days from the receipt of the certificate, the depository member shall notify the applicant and send the certificate to the applicant if requested by the applicant.
4. In case any of the documents specified in Clause 1 and Clause 2 of this Article is written in a foreign language, it must be notarized or authenticated in accordance with Vietnam’s law or the foreign country’s law within 12 months before it is received by the depository member. Documents written in foreign languages shall be translated into Vietnamese, except documents written in English or English translations. Vietnamese translations must be made by the depository member or a lawful translation organization in Vietnam.
5. The applicant shall be legally responsible for the accuracy and truthfulness of the application. 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.
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Thus, according to the provisions, an application for securities transaction code to be submitted by a foreign investor, overseas issuer of DRs, or foreign-invested business organization specified in Clause 1 Article 143 of this Decree shall contain:
- The application form No. 41 in the Appendix hereof;
- A document authorizing the depository member to apply for the securities trading code, unless the applying organization is a depository member;
- The list of documents for identifying investors according to form No. 42 in the Appendix hereof.
When will a foreign investor, overseas issuer of DRs, foreign-invested business organization not be issued with the securities trading code in Vietnam?
Pursuant to Clause 6, Article 146 of Decree 155/2020/ND-CP stipulating that a foreign investor or overseas issuer of DRs will not be issued with the securities trading code if:
- The applicant is under investigation or incurred penalties for violations against regulations of law on securities, money laundering, unspent convictions for finance-, banking-, foreign exchange-, tax-related offences or the decision on penalties for administrative violation is unexpired;
- The securities trading code has been revoked according to Point a Clause 2 Article 147 of this Decree.
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