Vietnam’s new regulations on change of registration of securities trading on Upcom

According to Vietnam’s current regulations, an organization registering for trading shall carry out procedures for change of registration of securities trading when there is change in the quantity of securities registered for trading on Hanoi Stock Exchange. Clause 10 Article 1 of Circular No. 13/2019/TT-BTC of the Ministry of Finance of Vietnam guides the application and procedures for change of registration of securities trading as follows:

Firstly, an application for change of registration of securities trading includes:

- The application form for change of registration of securities trading made using the form provided in the Appendix No. 02 enclosed herewith;

- The copy of the amended Certificate of securities registration granted by Vietnam Securities Depository (except the case of change of registration of securities trading due to decreased capital);

- Documents concerning the change of the quantity of securities registered for trading.

Secondly, procedures for change of registration of securities trading are as follows:

- Step 1: The organization registering for trading shall submit an application for change of securities trading registration to Hanoi Stock Exchange.

- Step 2: Within five (05) business days from the receipt of the complete and valid application, Hanoi Stock Exchange shall issue a decision on approval for change of registration of securities trading and publish relevant information as prescribed. If an application is refused, Hanoi Stock Exchange shall specify reasons for such refusal in writing.

Notably, if there is an increase in the quantity of securities registered for trading, within five (05) business days from the date on which Hanoi Stock Exchange issues the Decision on approval for change of registration of securities trading, the organization registering for securities trading shall register the date of trading of the increased amount of securities (the trading date must be at least six (06) days after the date on which Hanoi Stock Exchange receives the request from the organization registering for trading and must within thirty (30) days from the date of issue of the Decision on approval for change of registration of securities trading) and complete procedures for putting new securities into trading.

More details can be found in Circular No. 13/2019/TT-BTC of the Ministry of Finance of Vietnam, which takes effect from May 01, 2019.

Thu Ba

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