What is securities transfer when organization opening account directly terminates the service provision contract with VSD in Vietnam?

What is securities transfer when organization opening account directly terminates the service provision contract with VSD in Vietnam?

Pursuant to Clause 1, Article 23 of the Securities Operations Regulations issued with Decision 114/QD-VSD in 2021 regulating securities transfer when the organization opening the account directly terminates the service provision contract with the Vietnam Securities Depository Center as follows:

1. Securities transfer in case organization that opens an account directly terminates the service provision contract with VSD:

Securities transfer documents sent to VSD include:

a. Official dispatch requesting settlement of the depository account of organization that opens an account directly;

b. Minutes of liquidation of service provision contract between organization that opens an account directly and VSD;

c. Request for securities transfer (Form 21/LK of this Regulation) (03 copies).

What does securities transfer application of a foreign-invested insurance enterprise at the Vietnam Securities Depository Center include?

According to Clause 2, Article 23 of the Securities Operations Regulations issued with Decision 114/QD-VSD in 2021 regulating securities transfer documents of foreign-invested insurance enterprises at the Vietnam Securities Depository Center as follows:

2. Documents for transferring securities of a foreign-invested insurance enterprise from the depository account for the premium source to the depository account for the equity source and vice versa in case of errors when registering the source Capital used to bid for debt instruments with the bidding organizer/debt instrument issuer, including:

a. Official dispatch of the depository member of the transferring party regarding the transfer of securities from the depository account for premium sources to the depository account for equity sources/ vice versa of the foreign-invested insurance enterprise;

b. Official dispatch from the foreign-invested insurance enterprise on the transfer of securities, clearly explaining the reasons and committing to take responsibility related to the transfer;

c. Request for securities transfer (Form 21/LK of this Regulation) prepared by depository participant of the transferring party (02 copies in case of transfer with the same depository participant, 03 copies in case of transfer with different depository participants);

d. Copy of the contract to open a depository account for the premium source and equity source of the foreign-invested insurance enterprise;

dd. Related documents to clarify information in the dossier such as bid forms, money transfer orders to buy debt instruments, notification of winning results...

What is securities transfer to separate accounts for customers of foreign securities companies at the Vietnam Securities Depository Center? 

In Clause 3, Article 23 of the Securities Operations Regulations issued with Decision 114/QD-VSD in 2021, regulations on securities transfer to separate accounts for customers of foreign securities companies at the Vietnam Securities Depository Center are as follows:

3. Transfer securities to separate accounts for customers of foreign securities companies and separate investment portfolios of foreign investment funds managed by many fund management companies (MIM Funds) in case Foreign securities companies and MIM Fund have not yet segregated their investment accounts/portfolios. Records include:

a. Request for securities transfer made by depository participant of the transferring party (Form 21/LK of this Regulation) (02 copies in case of transfer with depository participant, 03 copies in case of transfer with different depository participants);

b. Application for partial transfer of securities prepared by a foreign securities company/MIM Fund (Form 24B/LK of this Regulation);

c. A copy of the Securities Trading Code Certificate issued to the self-trading/brokerage account of the foreign securities company or a copy of the Securities Trading Code Certificate issued to the MIM Fund (details according to the first category).

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