Contents of charter of Vietnam Stock Exchange from January 01, 2021

According to Article 45 of the Law on Securities 2019 of Vietnam, the charter of Vietnam Stock Exchange (VSE) shall be approved, issued, amended by the Minister of Finance at the request of the Board of members or Board of Directors of VSE and according to comments of the President of State Securities Commission (SSC). The Charter of VSE shall have the following contents:

- Names and addresses of the headquarters, subsidiaries and branches;

- Objectives, operating scope and available services;

- 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 VSE;

- Rights and obligations of 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);

- Formalities for approving decisions of VSE;

- 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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