Fee for grant of licenses or certificates of operation in the field of securities

Based on the Tariff of fees and charges in the securities sector issued together with The Circular 25/2022/TT-BTC, the following regulations shall apply:

(1) Fees for licensing the establishment and operation of securities companies:

- New granting:

+ Securities brokerage: VND 20 million/permit.

+ Self-trading: VND 60 million/license.

+ Securities issuance underwriting: VND 100 million/license.

+ Securities investment consultancy: VND 20 million/license.

- Re-grant, modification and renewal of licenses: VND 02 million/grant.

- Grant of an establishment license after the split, consolidation, merger or transformation of a securities company: VND 2 million/grant.

Fee for grant of licenses or certificates of operation in the field of securities

(2) Fees for licensing of establishment and operation of securities investment fund management companies:

- New issuance: VND 30 million/license.

- Re-grant, modification and renewal of licenses: VND 02 million/grant.

- Grant of an establishment license after splitting, division, consolidation, merger or transformation of a securities investment fund management company: VND 2 million/grant.

(3) The fee for licensing of establishment and operation of the securities investment company:

- New issuance: VND 30 million/license.

- Re-grant, modification and renewal of licenses: VND 02 million/grant.

- Issuance of the license for establishment after splitting, division, amalgamation, merger, or conversion of the investment company: VND 02 million per issuance.

The fee for granting certificates of securities investment fund establishment registration

- Grant of new certificates: VND 20 million/certificate.

- Re-grant, adjustment: VND 02 million/grant.

(5) The fee for licensing of establishment and operation of securities companies' branches, domestic securities investment fund management companies; the fee for licensing of outward portfolio investment for securities trading organizations (including securities companies, fund management companies):

- Grant of new certificates: VND 10 million/paper.

- Re-grant, adjustment: VND 01 million/grant.

(6) Fees for licensing of establishment and operation of branches of foreign securities companies, fund management companies in Vietnam:

- New issuance: VND 20 million/license.

- Re-grant, adjustment: VND 02 million/grant.

(7) Fees for grant, re-grant, adjustment or extension of decision on establishment of representative offices of securities companies, domestic securities investment fund management companies: VND 01 million/grant

(8) Fees for grant, re-grant, adjustment and extension of certificates of registration of operation of representative offices of securities companies, foreign securities investment fund management companies in Vietnam: VND 01 million/grant.

(9) Fee for granting, re-granting, extending, adjusting decision on establishment of transaction office of securities company: VND 01 million/granting.

(10) Fees for issuance of certificate of registration for fund certificate distribution: VND 05 million/certificate.

(11) Fee for grant of a securities depository registration certificate: VND 6 million/certificate.

(12) Fees for issuance of certificates of registration of public offering of securities; issuance of certificates of registration of stock issuance (for swap); issuance of certificates of initial and additional offering of warrants; issuance of certificates of registration of new issues of stocks as the basis for offering depository receipts overseas (for registration of new issues of stocks as the basis for offering depository receipts overseas):

- Less than VND 50 billion: VND 10 million/ certificate.

- Between VND 50 billion and under 150 billion: VND 20 million/certificate.

- From VND 150 billion to under VND 250 billion: VND 35 million/certificate.

- VND 250 billion or more: VND 50 million/ certificate.

(13) Fees for issuance of the Certificate of competence in trading derivative securities:

- Grant of new certificates: VND 10 million/certificate.

- Adjustment: VND 02 million/certificate.

(14) Fee for issuance of the certificate of eligibility to provide clearing and settlement services for derivative securities transactions: VND 02 million per certificate.

(15) Fee for issuance, replacement and reissuance of certificates of securities practice for individuals practicing securities at securities companies, securities investment fund management companies and securities investment companies: VND 01 million/issuance.

The Circular comes into force from 01/07/2022.

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