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Guidelines for registration of securities in Vietnam from February 15, 2021

Đức Thảo

11:15, 07/01/2021

Recently, the Ministry of Finance of Vietnam has issued the Circular No. 119/2020/TT-BTC on registration, depository, clearing and settlement of securities.

According to the Circular No. 119/2020/TT-BTC of the Ministry of Finance of Vietnam, an issuer or public company shall register the following information with Vietnam Securities Depository and Clearing Corporation (VSDC) for registration of securities:

- Information about the issuer, public company;

- Information about securities of the issuer or public company;

- Information on securities owners, including: list of securities owners, types of securities, quantity of securities owned and securities depository accounts in case the securities owners wish to both register and deposit the securities (According to the Circular No. 05/2015/TT-BTC, information on the list of securities owners , types of securities and the amount of securities owned are required).

Issuers, public companies register securities directly with VSDC or through securities companies. When there is a change in the registered information, the issuer, the public company must apply for modification to the information to VSDC.

More details at the Circular No. 119/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from February 15, 2021 and replaces the Circular No. 05/2015/TT-BTC.

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