Vietnam: Deadlines for securities trading registration

According to Circular No. 180/2015/TT-BTC of the Ministry of Finance of Vietnam, deadlines for securities trading registration are specified as follows:

1. Within 30 days from the date on which the State Securities Commission (SSC) issues an official dispatch certifying the registration of the public company, the public company must complete the securities registration at the Vietnam Securities Depository (VSD) and register for trading in the Upcom system;

2. Within 30 days from the closing day of the public offering, the unlisted issuer must complete the securities registration at the VSD and register for trading in the Upcom system;

3. Within 10 working days from the effective date of the delisting, the Stock Exchange (SE) must cooperate with the VSD in registration of stocks of the delisted company being a public company. Those regulations apply to delisted securities, including mandatory delisting, voluntary delisting and the delisting due to the failure of meeting the listing requirements of the consolidated company or the acquired company;

4. Within 6 months from the date on which the Certificate of Enterprise registration is issued, if the consolidated company from consolidating companies including the listed company fails to meet the listing requirements, it must complete the trading registration.

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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