Charter of Vietnam Securities Depository and Clearing Corporation from 2021

On November 26, 2019, the National Assembly of Vietnam issued the Law on Securities 2019, replacing the Law on Securities 2006 and the amended Law on Securities 2010.

Điều lệ Tổng công ty lưu ký và bù trừ chứng khoán, Luật chứng khaons 2019

According to Article 54 of the Law on Securities 2019 of Vietnam, the charter of Vietnam Securities Depository and Clearing Corporation (VSDCC) shall be approved, issued, amended by the Minister of Finance at the request of the Board of members or Board of Directors of VSDCC and according to comments of the President of the State Securities Commission (SSC). The Charter of VSDCC shall have the following contents:

- Names, addresses of the headquarters and branches;

- Objectives and operating scope;

- Charter capital; method for increasing, decreasing of charter capital and stake transfer;

- Names, addresses and basic information of the founding shareholders, capital contributors or owners;

- Stakes or shares and capital contributed by the founding shareholders, capital contributors or owners;

- The legal representative;

- The organizational structure;

- Rights and obligations of VSDCC

- Rights and obligations the shareholders, capital contributors or owners;

- Rights and obligations of the Board of members, Board of Directors, General Director (Director), the Board of Controllers (Controllers);

- Method for ratification of VSDCC’s decisions;

- Formalities for amending the charter;

- Applied accounting and audit regulations;

- Establishment and use of funds; rules for use of profits, settlement of losses and other financial regulations;

- Rules for internal dispute settlement.

View more details at the Law on Securities 2019 of Vietnam, effective from January 01, 2021.

Ty Na

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