Vietnam: Asset management company must send reports to the State Securities Commission

According to Article 35 of Circular No. 227/2012/TT-BTC of the Ministry of Finance of Vietnam, asset management company shall periodically send the following reports to the State Securities Commission:

- The weekly report on the changes of the net asset value of the public investment company, according to the template in Annex 17 enclosed with this Circular;

- The report on the investments (including information about assets) made by the public investment company and private investment company, which entrust the capital management, every month, every quarter, and every year, according to the template in Annex 18 enclosed with this Circular;

- The biannual and annual summary report on management of the public investment company and private investment company which entrust the capital management, including the basic contents in Annex 19 enclosed with this Circular;

- The prospectus, the summary prospectus; the audited annual, biannual, and quarterly financial statements of the public investment company and private investment company which entrust the capital management;

Note: The above documents must be provided free of charge for shareholders on the website of the asset management company, or directly sent via email to shareholders, or in other form as prescribed in the charter of the public investment company and the prospectus. Shareholders may refuse these documents. At the request of shareholders, the asset management company must provide the risk management process, specifying the investment limits, the precautionary measures and risk management methods to manage assets of the public investment company.

View more details at Circular No. 227/2012/TT-BTC of the Ministry of Finance of Vietnam, effective from July 01, 2013.

Le Vy

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