What are regulations on processing transfer applications at the Vietnam Securities Depository Center?

What are regulations on processing transfer applications at the Vietnam Securities Depository Center?

Article 24 of the Securities Trading Activity Regulations issued together with Decision 114/QD-VSD in 2021 stipulates the following on the processing of transfer applications at VSD:

1. If necessary, VSD may request the securities trading account (ATS) provider, relevant organizations, or individuals to provide additional documents to prove or clarify issues related to the transfer application for securities or refuse to process the transfer application for securities if the request does not comply with the legal regulations. If the transfer of securities is not approved, VSD shall issue a written notification to the ATS provider stating the reason for the refusal.

2. The effective date of the transfer of securities is the date confirmed by VSD on the transfer application for securities of the relevant ATS provider or on the notification document of VSD.

3. Within 1 working day from the date the transfer of securities takes effect as confirmed by VSD, the ATS provider shall be responsible for notifying the customers of cases that are refused by VSD.

What are regulations on processing transfer applications at the Vietnam Securities Depository Center? - Source: Internet

What are regulations on freezing/unfreezing securities at the Vietnam Securities Depository Center upon request of a competent state agency?

Article 25 of the Securities Trading Activity Regulations issued together with Decision 114/QD-VSD in 2021 stipulates the following on the freezing/unfreezing of securities upon request of a competent state agency at the Vietnam Securities Depository Center (VSD):

1. If the request for freezing/unfreezing securities from the competent state agency is sent directly to VSD:

a) VSD will only freeze/unfreeze securities when there is a written request from the competent state agency in accordance with the law.

The time for VSD to process the request for freezing/unfreezing securities is 1 working day from the date of receipt of the request for freezing/unfreezing securities.

b) On the day of the freezing/unfreezing of securities, VSD will fax a notification to the ATS provider and the central securities depository to carry out the corresponding accounting. The original notification will be sent to the ATS provider and the central securities depository within 1 working day after the day of freezing/unfreezing.

c) The ATS provider is responsible for notifying the relevant customers immediately.

2. If the request for freezing/unfreezing securities from the competent state agency is sent directly to the ATS provider:

a) The ATS provider is responsible for freezing/unfreezing securities on the securities custody accounts opened at the ATS provider and sending a notification (Form 27/LK of this Regulation) and a copy of the request for freezing/unfreezing securities from the competent state agency to VSD for the corresponding accounting.

b) The time for the ATS provider to send the notification to VSD is no later than 1 working day after the day of implementing the request for freezing/unfreezing securities from the competent authority.

What are regulations on freezing structured securities to contribute capital to a basket exchange fund at the Vietnam Securities Depository Center?

Article 26 of the Securities Trading Activity Regulations issued together with Decision 114/QD-VSD in 2021 stipulates the following on the freezing of structured securities to contribute capital to a basket exchange fund at the Vietnam Securities Depository Center (VSD):

The procedures for freezing structured securities to contribute capital to a basket exchange fund are carried out in accordance with the Trading Activity Regulations for Exchange-Traded Funds of VSD.

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