What are regulations on financial management of subsidiaries of Vietnam Exchange?

What are regulations on financial management of subsidiaries of Vietnam Exchange?

Pursuant to Clause 2, Article 7 of the Decree 59/2021/ND-CP stipulating financial management of subsidiaries of Vietnam Exchange as follows:

a) Charter capital, capital mobilization and intercorporate investments;

b) Investment, construction and procurement of fixed assets, and asset management;

c) Revenues of the subsidiary of VNX, including:  operating revenues (revenues from listing and trading of securities, trading of derivatives, bidding for bonds, auction of securities, transfer of ownership of securities not through trading system and revenues from other operations); revenues from provision of services (including information services, technological infrastructure services for the securities market, and other services); financial incomes and other incomes.  The subsidiary of VNX is allowed to record interests on deposits relating to auction of securities as its financial incomes;

d) Expenses of the subsidiary of VNX;

dd) Distribution of profits after paying taxes and setting aside funds;

e) Other contents to serve management requirements.

What are regulations on supervision and performance assessment of subsidiaries of Vietnam Exchange?

Pursuant to Clause 3, Article 7 of the Decree 59/2021/ND-CP stipulating supervision and performance assessment of subsidiaries of Vietnam Exchange as follows:

a) Criteria and grounds for performance assessment and ranking of enterprises;

b) Methods for performance assessment and ranking of enterprises;

c) When calculating performance assessment criteria, the subsidiaries are allowed to eliminate the same objective factors as those for VNX as prescribed in Clause 2 Article 6 hereof;

d) Other contents as prescribed by law.

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