Charter, Prospectus, Summary Prospectus on Activities and Management of the Securities Investment Fund
According to Article 4 of Circular 98/2020/TT-BTC, the content is stipulated as follows:
The charter of the fund and the initial charter of the securities investment company, drafted by the fund management company, must include at least the contents specified in Article 103 of the Securities Law and the templates provided in Appendix I and Appendix II issued together with this Circular. Investors registering to purchase fund certificates or shares of the securities investment company in the initial public offering are deemed to have approved the charter. The charter of a member fund and the charter of a private securities investment company must include relevant contents according to the templates in Appendix I and Appendix II issued together with this Circular.
Any amendment or supplementation to the charter of the fund or the charter of the securities investment company must be approved by the General Meeting of Investors of the fund or the General Meeting of Shareholders of the securities investment company.
Within 3 working days from the date of amendment or supplementation to the charter of the fund or the charter of the securities investment company, the fund management company or the self-managed private securities investment company must report to the State Securities Commission according to the template provided in Appendix XXVIII issued together with this Circular.
The fund management company must prepare the Prospectus and the Summary Prospectus of the fund or the securities investment company. The Prospectus and Summary Prospectus must be clear and contain the minimum contents as per the templates in Appendix III, IV, V, and VI issued together with this Circular. The Prospectus and Summary Prospectus must clearly state that the supervising bank and related service providers only verify information related to the supervising bank and related service providers and are responsible within the scope related to the activities of the supervising bank and related service providers based on contracts signed with the fund management company, in compliance with legal provisions and information provided by the supervising bank and related service providers to create the Prospectus and Summary Prospectus.
The Prospectus and Summary Prospectus must be updated upon the occurrence of significant information or regularly updated according to the frequency stipulated in the charter of the fund or the charter of the securities investment company. The fund management company must report any amendment or supplementation to the Prospectus to the State Securities Commission using the template in Appendix XXVIII issued together with this Circular. After 15 days from the date of submitting the updated Prospectus to the State Securities Commission, if no written feedback is received, the fund management company can provide the Prospectus to related service providers, distributing agents, and investors.
Respectfully!
