What are regulations on application for change of location of a branch of a securities company in Vietnam?
What are regulations on application for change of location of a branch of a securities company in Vietnam? What are conditions for establishment of an overseas branch, subsidiary company, representative office of a securities company in Vietnam? What are regulations on application for approval for service provision by a securities company in Vietnam?
What are regulations on application for change of location of a branch of a securities company in Vietnam?
What are regulations on application for change of location of a branch of a securities company in Vietnam? Thank you!
Answer:
Pursuant to Article 197 of the Decree 155/2020/NĐ-CP stipulating as follows:
1. The application form No. 76 in the Appendix hereof.
2. The decision of the Board of Directors, Board of Members or the company’s owner on the change of name, location of the branch, transaction office, representative office or branch manager.
3. In case of change of location, the description of property according to Form No. 65 in the Appendix hereof; the premises lease contract, documents proving the right to own or use the premises.
4. In case of change of the branch manager, the personal information sheets according to Form No. 67 in the Appendix hereof; the judicial record of the branch manager which is issued within the last 06 months before the application is submitted.
What are conditions for establishment of an overseas branch, subsidiary company, representative office of a securities company in Vietnam?
According to the latest regulations, what are conditions for establishment of an overseas branch, subsidiary company, representative office of a securities company in Vietnam? Thank you!
Answer:
Pursuant to Article 195 of the Decree 155/2020/NĐ-CP stipulating as follows:
1. The conditions specified in Points a, b, c Clause 2 Article 190 of this Decree are satisfied.
2. There is a plan for establishment of the overseas branch, subsidiary company or representative office which is approved by the GMS, the Board of Members or the company’s owner.
3. Financial safety ratios are maintained after capital is provided for the overseas branch, subsidiary company or representative office.
4. Equity is still greater than the minimum charter capital specified in Article 175 of this Decree after capital is provided for the overseas branch, subsidiary company or representative office.
What are regulations on application for approval for service provision by a securities company in Vietnam?
What are regulations on application for approval for service provision by a securities company in Vietnam?
Answer:
Pursuant to Article 203 of the Decree 155/2020/NĐ-CP stipulating as follows:
1. The application form No. 77 in the Appendix hereof.
2. The decision of the company’s Board of Directors, Board of Members or owner to approve the provision of services for which the company is qualified according to Articles 198, 199, 200, 201 of this Decree.
3. The decision issued by a competent authority on operational, internal control, risk management processes.
4. In case of margin trading services and advanced payment for securities, the application shall include description of the trading system serving margin trading, supervision of margin accounts; the system for investor-specific management of money deposited for securities trading at the banks.
5. In case of securities lending, the application shall include description of the trading system serving securities lending, supervision of borrowers’ accounts; the system for investor-specific management of money deposited for securities trading at the banks.
6. In the case of online trading services, the application shall include the decision to approve the membership, result of system inspection by the Stock Exchange and the documents specified in Clause 2 Article 201 of this Decree.
Best regards!
