Legal Counselling

Vietnam: When is a government debt instruments trading member required to withdraw from trading membership?

16:04, 03/06/2019

This is an important content specified in Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam providing guidance on registration, depositing, listing, trading and settlement of government debt instruments, government-guaranteed bonds issued by banks for social policies and municipal bonds.

Specifically, according to Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam, a trading member shall be required to withdraw from trading membership in the following circumstances:

- A trading member no longer meets the eligibility requirements set forth in Article 6 hereof;

- A trading member commits a serious or systematic violation against the Stock Exchange’s regulations on trading of debt instruments set forth for trading members;

- A trading member is dissolved, declared bankrupt, suspends its operations or has its license for establishment and operation revoked; or an organization no longer exists after consolidation (consolidating enterprise) or merger (acquired enterprise) or full division (transferor), or the organization that is established after merger (acquiring enterprise), or partial division (partially divided enterprise) fails to meet any of the eligibility requirements set forth in Article 6 hereof.

View full text at Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from July 15, 2019.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

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