Allowing Indirect Overseas Securities Investment

12:59, 11/07/2024

Circular 105/2016/TT-BTC guiding the indirect overseas investment activities of securities trading organizations, securities investment funds, securities investment companies (DTCK), and insurance business enterprises.

The securities investment company (CTCK), through the fund management company, submits an application to the State Securities Commission (SSC) for approval to allow indirect overseas investment. The application file includes:

- Application for approval to allow indirect overseas investment;- A copy of the company's charter that stipulates indirect overseas investment;- A copy of the principle custody agreement between the custodian bank in Vietnam and the custodian institution abroad, attached with a copy of the certificate of securities depository operation registration or equivalent document of the foreign custodian institution;- A copy of the international CFA certificate, employment contract of at least one executive employee of the securities investment company (CTCK);- Documents as prescribed in Items d, e, Clause 1, Article 4 of Circular 105.

Circular 105/2016/TT-BTC has been in effect since August 15, 2016.

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