Vietnam: Securities-trading organizations shall make liquid capital reporting monthly

Specifically, according to Article 12 of the Circular No. 91/2020/TT-BTC of the Ministry of Finance of Vietnam, liquid capital reporting of securities-trading organizations is specified as follows:

- Periodic reporting:

+ The securities-trading organization shall submit monthly reports on prudential indicator made using the form provided in the Appendix V or VI enclosed herewith to the State Securities Commission (SSC). Electronic reports shall be sent via the database system within 07 working days from the end of the month.

+ The securities-trading organization must submit prudential indicator reports of 30 June and 31 December made using the form provided in the Appendix V or VI enclosed herewith and publish the reports on its website after they have been examined and audited by an accredited audit organization. These reports shall be sent to SSC via the database system and disclosed together with the examined biannual financial statements and audited annual financial statements.

- Unscheduled reporting:

+ Since its liquid capital ratio falls below 180%, a securities-trading organization shall submit an liquid capital ratio report made using the form provided in the Appendix V or VI enclosed herewith to the SSC twice a month (on the 15th and 30th). Reports shall be sent electronically via the database system within 03 working days after the 15th and 30th every month.

+ Since its liquid capital ratio falls below 150%, a securities-trading organization shall submit a weekly report on liquid capital ratio made using the form provided in the Appendix V or VI enclosed herewith to the SSC. Reports shall be sent electronically via the database system before 16:00 every Friday.

+ Since its liquid capital ratio falls below 120%, a securities-trading organization shall submit a weekly report on liquid capital ratio made using the form provided in the Appendix V or VI enclosed herewith to the SSC. Reports shall be sent electronically via the database system before 16:00 every day.

Note: The securities-trading organization may prepare periodic reports as prescribed in Clause 1 of this Article when its liquid capital ratio reaches or surpasses 180% during the reporting periods for three (3) consecutive months.

View more details at the Circular No. 91/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2021.

Le Vy

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