What documents are included in the application for registration of public offering of fund certificates in Vietnam?

What documents are included in the application for registration of public offering of fund certificates in Vietnam?

According to the latest regulations, what documents are included in the application for registration of public offering in Vietnam? Thank you!

Answer:

Pursuant to Clause 5 Article 18 of the Law on Securities in 2019 stipulating the application for registration of public offering in Vietnam as follows:

- The application form;

- The prospectus;

- The draft charter of the securities investment fund;

- The principle contract on supervision by the supervisory bank and the fund management company; the principle contract on distribution; principle contracts with relevant service providers (if any);

- The public offering underwriting agreement (if any).

What information are included in the prospectus in case of public offering of fund certificates in Vietnam?

According to the latest regulations, what information are included in the prospectus in case of public offering of fund certificates in Vietnam?

Answer:

Pursuant to Clause 2 Article 19 of the Law on Securities in 2019 stipulating the prospectus in case of public offering of fund certificates in Vietnam as follows:

- The type and scale of the securities investment fund;

- Investment targets, strategy, method and procedures; investment limits and risk factors of the securities investment fund;

- Summary of the draft charter of the securities investment fund;

- The plan for issuance of fund certificates and instructions on making investment in the securities investment fund;

- Summary of the fund management company and the supervisory bank, regulations on trading with their related persons;

- Other information prescribed in the model prospectus.

What are requirements for underwriting public offering in Vietnam?

According to the Law on Securities in 2019, what are requirements for underwriting public offering in Vietnam? Thank you!

Answer:

Pursuant to Article 17 of the Law on Securities in 2019 stipulating requirements for underwriting public offering in Vietnam as follows:

- A securities company or an organization shall satisfy the following requirements to underwrite a public offering:

+ The securities underwriting is licensed by SSC in accordance with this Law;

+ Financial safety criteria are satisfied as prescribed by law;

+ The underwriter is not a related person of the issuer.

- If underwriter opts to purchase of part or all of the issuer’s securities, the total value of securities purchased must not exceed the equity and 15 times the difference between the short-term assets and short-term debts according to the latest financial statement.

Best regards!