What are regulations on cancellation of securities trading codes at Vietnam Securities Depository?

What are regulations on cancellation of securities trading codes at Vietnam Securities Depository?

In Article 9 of the Regulation on registration of securities trading codes at the Vietnam Securities Depository, issued together with Decision 111/QD-VSD in 2021, there are provisions on cancellation of securities trading codes at Vietnam Securities Depository is as follows:

1. VSD cancels transaction fees of organizations and individuals in the cases specified in Clause 2, Article 147 of Decree 155/2020/ND-CP.

2. Cancellation of transaction documents of foreign investors and organizations issuing depository certificates in foreign countries according to the provisions of Points a and b, Clause 2, Article 147 of Decree 155/2020/ND-CP :

a. VSD will cancel the transaction transaction of the relevant organization or individual after receiving the document from the competent state agency in case the securities depository account of the organization or individual has no securities balance and notify the Securities Depository to close the securities depository accounts of organizations and individuals to cancel the transaction.

b. In case the securities depository account of the relevant organization or individual has a securities balance, VSD shall notify the VSD of the cancellation of the transaction and report it to the State Securities Commission. VSD cancels securities trading codes after organizations and individuals process all securities balances on securities depository accounts.

3. Cancellation of transaction documents of foreign investors or organizations issuing depository certificates in foreign countries according to the provisions of Point c, Clause 2, Article 147 of Decree 155/2020/ND-CP:

a. VSD will only cancel the transaction transaction when the organization or individual has closed the securities depository accounts (if any) at the depository members and received the request for cancellation of the transaction transaction according to Form No. 43 in the Appendix issued with the Decree 155/2020/ND-CP sent by depository member;

b. In case the information sent by VSD matches that of VSD's management and related organizations and individuals have closed the securities depository accounts, VSD will cancel the transaction transaction and send a written notice of the cancellation of the securities depository account to the organization, personally through depository member. In case the information does not match, VSD will notify in writing for depository member to re-check the information.

4. Cancellation of transaction fees of foreign-invested economic organizations specified in Clause 1, Article 143 of Decree No. 155/2020/ND-CP (foreign-invested economic organizations):

a. Foreign-invested economic organizations cancel transaction fees according to the provisions of Points b, c, Clause 2, Point a, Clause 3, Article 143 of Decree 155/2020/ND-CP.

b. VSD cancels the transaction transaction after receiving the request for cancellation of the transaction transaction according to Form No. 43 of the Appendix issued together with Decree 155/2020/ND-CP sent by the depository member and the foreign-invested economic organization to request to cancel the transaction transaction completed the securities transfer due to the change in foreign ownership ratio, leading to no longer being a foreign-invested economic organization in accordance with the provisions of the VSD's Regulations on securities depository activities. or the securities depository account of a foreign-invested economic organization that requests to cancel the transaction without securities balance.

c. In case the information sent by the VSD matches the information that VSD manages and the foreign-invested economic organization has closed the securities depository accounts, VSD will cancel the transaction transaction and send a written notice of the cancellation of the securities depository account for foreign-invested economic organizations through the Accounts Refinery. In case the information does not match, VSD will notify in writing for depository member to re-check the information.

What are regulations on form of certificate of registration of a securities trading code at the Vietnam Securities Depository?

In Appendix 01 of the Regulation on registration of securities trading codes at the Vietnam Securities Depository, issued together with Decision 111/QD-VSD in 2021, there are regulations on form of certificate of registration of a securities trading code at the Vietnam Securities Depository as follows:

 APPROVAL

FOR SECURITIES TRADING CODE REGISTRATION CERTIFICATE

The Vietnam Securities Depository Center certifies:

Vietnam Securities Depository hereby certifies:

Investor's name/ Investor 's name:

Address / Address :

Nationality/Nationality:

Registration Number: Registration Number ¹:

Customers of Depository Member / Being d lient of Depository Member :

Name of Fund Management Company (if any) / Name of Investment / Manager (if applicable)

Is granted a securities trading code/ is granted with t the Securities Trading Code number ....... at the Vietnam Securities Depository Center from the date / by the Vietnam Secur I i i es Depository from .............

The above depository members and investors are responsible for complying with all regulations related to securities and securities market and other regulations of the Vietnam Securities Depository.

The depository member and the investor are fully responsible tor complying with all regulations governing securities and securities market and other rules issued by the Vietnam Securities Depository.

___________________

¹ - For individuals, it is a valid passport number or other lawful personal identification.

- For organizations, it is one of the types of documents specified in Form No. 42 of Decree 155.

What are regulations on application form for adjustment of information on registration of securities trading codes at the Vietnam Securities Depository? 

In Appendix 02 of the Regulation on registration of securities trading codes at the Vietnam Securities Depository, issued together with Decision 111/QD-VSD in 2021, there are regulations on application form for adjustment of information on registration of securities trading codes at the Vietnam Securities Depository are as follows:

 APPLICATION FOR ADJUSTMENT OF INFORMATION

To: Vietnam Securities Depository Center

We are: (Name of depository member)

Contact person: ................................. Title ....... ..........................

Contact phone ................................................. Fax ................ ..........................

Due to an error when declaring on the online securities trading code registration system/foreign investor information change report, we request to adjust the investor's information (insert name of foreign investors), Transaction code (insert Securities trading codes already issued) is as follows:

1. Information 1

Incorrect information: ..................................................................................................... ..........................

Correct information: ................................................................................. ..........................

2. Information 2

Incorrect information: ..................................................................................................... ..........................

Correct information: ................................................................................. ..........................

We commit that the above information is completely honest and accurate and take full responsibility for any arising from this correction request.

Authorized representative of depository member

Best Regards!