Guidelines for registration of securities companies in Vietnam

According to Article 30 of the Decree No. 01/2021/NĐ-CP of the Vietnam Government, documents and procedures for registration of securities companies, securities investment fund management companies, securities investment companies, branches, representative offices and business locations of securities companies and securities investment fund management companies shall comply with this Decree and vary according to the type of enterprise; the application must include a copy of the license for establishment and operation or written approval given by the State Securities Commission (SCC).

Besides, the application for operation registration or changes to operation registration of branches in Vietnam of foreign securities companies or foreign fund management companies shall comply with Point a and Point c Clause 1 Article 31 and Clause 2 Article 62 of the Decree No. 01/2021/NĐ-CP and must be accompanied by the copy of the license for establishment and operation or written approval given by SSC.

Moreover, if the license for establishment and operation of a securities company, securities investment fund management company, or branch in Vietnam of a foreign securities company or foreign fund management company is revoked, SSC shall send a notification thereof to the Business Registration Office of province where that securities company, securities investment fund management company, or branch of a foreign securities company or foreign fund management company is located for revoking the enterprise registration certificate or certificate of branch registration according to Clause 4 Article 95 of the Law on Securities of Vietnam. The Business Registration Office shall revoke enterprise registration certificate or certificate of branch registration according to Clause 6 Article 75 and Clause 5 Article 77 of the Decree No. 01/2021/NĐ-CP.

More details at the Decree No. 01/2021/NĐ-CP of the Vietnam Government effective from January 04, 2021.

Le Vy

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