Vietnam: Cases of change of securities trading registration

08:52, 10/12/2015

According to Circular No. 180/2015/TT-BTC of the Ministry of Finance of Vietnam providing guidance on registration of securities trading on the trading system of unlisted securities, cases of change of securities trading registration include:

1. An organization registering for trading splits or consolidates stock, issues additional stock for dividend payment or bonus stock or offers the right to buy shares rights to existing shareholders to increase its charter capital;

2. An organization registering for trading is partially divided or acquired.

Procedures and application for change of securities trading registration are as follows:

1. Within 30 days from the closing day of the offering, the public company must complete the procedures for change of trading registration of issuing stocks in the public offering and private offering.

2. An application for change of securities trading registration includes:

- An application form for change of trading registration using the form prescribed in Appendix No. 2 issued herewith;

- A copy of the Certificate of Securities Registration adjusted by the Vietnam Securities Depository (VSD);

- Documents on change of quantity of registered securities.

3. Within 05 working days from the date on which the satisfactory application is received, the Stock Exchange of Hanoi (HNX) shall issue a Decision on approval for change of trading registration and conduct the information disclosure. If the application is rejected, the HNX must provide explanation in writing.

More details can be found in Circular No. 180/2015/TT-BTC of the Ministry of Finance of Vietnam, which takes effect from January 01, 2016.

- Ngoc Duyen -

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