Vietnam Securities Depository and Clearing Corporation has the rights to issue domestic ticker symbols

17:11, 05/12/2019

This is a notable content of the Law on Securities 2019, issued by the National Assembly of Vietnam on November 26, 2019.

Commercial banks are offsetting members of Vietnam Securities Depository and Clearing Corporation / Charter of Vietnam Securities Depository and Clearing Corporation from 2021

Tổng công ty lưu ký và bù trừ chứng khoán có quyền cấp mã chứng khoán trong nước, Luật Chứng khoán 2019

Specifically, according to Article 55 of the Law on Securities 2019 of Vietnam, Vietnam Securities Depository and Clearing Corporation (VSDCC) has the rights to:

- Issue regulations on securities registration, depositing, offsetting and payment, and other operational regulations after they are approved by the State Securities Commission (SSC);

- Provide services including securities registration, depositing, offsetting and payment; registration of collateral for securities registered at VSDCC upon request of clients; provide other services specified in VSDCC’s charter;

- Issue domestic ticker symbols and international securities identifying numbers to securities registered at VSDCC;

- Approve, change, cancel registration of securities at VSDCC;

- Grant and cancel membership of depository members of VSDCC; suspend depository members from providing securities depository services;

- Use various sources to assist payment in case a member of VSDCC is temporarily insolvent as prescribed by law;

- Other rights prescribed by law and VSDCC’s charter.

View more details at the Law on Securities 2019 of Vietnam, effective from January 01, 2021.

Ty Na

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