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

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

In Article 6 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 issuance of certificate of registration of a securities trading code at Vietnam Securities Depository as follows:

1. Within 05 working days from the date VSD sends the electronic confirmation of the transaction fee, the creditor shall submit a complete set of application for registration of the transaction transaction of the organization or individual to VSD as prescribed in Clauses 1, 2 and 4 of this Article 146 Decree 155/2020/ND-CP.

2. In case the VSD does not fully submit the application file to VSD in accordance with Clause 1 of this Article, VSD will handle the violation in accordance with the provisions of VSD's Regulations on Depository Members.

3. In case the applicant's transaction code registration dossier is complete and the information in the dossier matches the information declared on the online system: Within 05 working days from the date of receiving the complete dossier of the depository member ( calculated according to the VSD's signature), VSD issues the transaction code registration certificate to the registrant organization or individual (the form is in Appendix 01 to this Regulation).

4. In case depository member's transaction code registration dossier is complete but does not match the information declared on the online system:

a) Within 05 working days from the date of receiving the complete dossier of the depository member (according to the stamp of the letter of VSD), VSD notifies the Counselor of the request for information adjustment.

b) Within 05 working days from the date VSD sends the notice, the affiliate must send a written request for adjustment of information (Form is in Appendix 02 of this Regulation), and at the same time declare the adjusted information on the online system. 

c) VSD issues the Certificate of transaction code registration within 01 working day from the date VSD receives the Application for adjustment of information and the depository member completes the declaration of adjusted information on the online system.

d) In case, after 05 working days from the date VSD sends the notice, but still does not comply with VSD's request, VSD will handle the violation in accordance with the provisions of VSD's Regulations on Depository Members.

What are regulations on change of information related to the securities trading code at the Vietnam Securities Depository?

In Article 7 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 change of information related to the securities trading code at the Vietnam Securities Depository as follows:

1. The depository member shall report to VSD on behalf of organizations and individuals when there is a change in information related to the transaction transaction transaction in the cases specified in Clause 1, Article 148 of Decree 155/2020/ND-CP.

2. Dossier of report on change of information related to transaction transaction of the organization or individual as prescribed in Clause 2, Article 148 of Decree 155/2020/ND-CP.

3. In case an organization or individual requests to change the depository bank to the depository bank and transfer the securities portfolio, the affiliate must complete the transfer of account finalization to the organization or individual as prescribed in the Regulations. securities depository activities of VSD before making changes to the depository member.

4. The intermediaries are responsible for reviewing the completeness and validity of the dossier of change of information related to the transaction transaction transaction of the organization or individual as prescribed in Clauses 2 and 4, Article 148 of Decree 155/2020/ ND- CP.

5. depository member fully declares all requested information related to transaction code into VSD's online system.

6. VSD makes electronic confirmation of the change of information related to the transaction transaction according to the provisions of Article 4 of this Regulation.

7. Within 05 working days from the date VSD sends an electronic confirmation of the change of information related to the transaction transaction, the consultant shall submit a complete set of dossiers of information change as prescribed to VSD.

8. In case the application file changes complete information but the information in the application does not match the information declared on the online system: Within 01 working day from the date VSD receives the application for change of information of depository member (according to VSD's signature), VSD sends a written notice requesting depository member to amend and supplement information.

9. In case the change file is complete and matches the information declared on the online system: Within 01 working day from the date VSD receives the complete information change dossier of depository member (calculated). according to VSD's mail), VSD sends a written confirmation of changes in information related to the Certificate of Transactions and at the same time makes adjustments to information related to the depository account associated with the transaction code (if any).

What are regulations on suspension of using securities trading codes at the Vietnam Securities Depository? 

In Article 8 of the Regulation on registration of securities trading codes at the Vietnam Securities Depository, issued together with Decision 111/QD-VSD in 2021, there is a provision on suspension of using securities trading codes at the Vietnam Securities Depository is as follows:

1. VSD reports to the State Securities Commission within 01 working day from the date of receipt of a written request from a competent state agency as prescribed at Point c, Clause 1, Article 147 of Decree 155/2020 /ND-CP or when VSD detects that a foreign investor or organization issues depository certificates abroad in the cases specified at Points a and b, Clause 1, Article 147 of Decree 155/2020/ND-CP.

2. VSD suspends the use of transaction documents by foreign investors and organizations that issue depository certificates in foreign countries after consulting the State Securities Commission.

Best Regards!