What are conditions for offering fund certificates to increase capital of the fund in Vietnam?

What are conditions for offering fund certificates to increase capital of the fund in Vietnam?

I want to know about conditions for offering fund certificates to increase capital of the fund in Vietnam. What are plan for initial offering of fund certificates and offering of fund certificates for capital increase?

Answer:

Pursuant to Clause 2 and 3, Article 233 of the Decree 155/2020/NĐ-CP stipulating as follows:

2. Conditions offering fund certificates to increase capital of the fund:

a) The conditions specified in Clause 1, Clause 2 Article 112 of the Law on Securities are satisfied;

b) Regulations of Point b Clause 1 of this Article are complied with.

3. The plan for initial offering of fund certificates and offering of fund certificates for capital increase shall contain the mandatory information specified in form No. 99 in the Appendix hereof.

What documents are included in the application for IPO of ETF certificates in Vietnam?

I want to know about documents that are included in the application for IPO of ETF certificates in Vietnam.

Answer:

Pursuant to Article 253 of the Decree 155/2020/NĐ-CP stipulating as follows:

1. The documents specified in Clause 1 Article 234 of this Decree.

2. The contract between the fund management company and the Stock Exchange for provision of benchmark indexes: the rules for development and management of indexes and documents describing the basket of their component securities, principles and methods for selection of securities in the basket, principles and methods for calculation of the indexes.

3. The fund establishment contracts between the fund management company and founding members enclosed with the establishment and operation license of the securities company or depository bank, the certificate of securities depository of the depository bank, the sheet of liquidity ratios and capital adequacy ratios of the securities company or the depository bank of the last 12 months before the application is submitted and other documents under the contract (if any).

What documents are included in the application for offering fund certificates to increase capital in Vietnam?

I want to know about documents that are included in the application for offering fund certificates to increase capital in Vietnam. Thank you!

Answer:

Pursuant to Clause 2 Article 234 of the Decree 155/2020/NĐ-CP stipulating as follows:

2. An application for offering fund certificates to increase capital shall contain:

a) The documents specified in Point a, Point b and Point c Clause 1 of this Article;

b) The resolution of the Investor Assembly on approval of the offering of call options for fund certificates to increase capital of the fund and the plan for offering of fund certificates;

c) The minutes of meeting and resolution of the representative board of the fund on approval for the application for offering, offering time, offer price, criteria for identification of eligible buyers in case the issued call options for the fund certificates are not completely distributed;

d) The latest annual financial statement according to Article 20 of the Law on Securities.

Best regards!