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blue-check From 2022: Securities companies shall apply the new financial regime

Circular No. 114/2021/TT-BTC dated December 17th, 2021 of the Ministry of Finance on abrogation of Circular No. 146/2014/TT-BTCstatus1 dated October 6th, 2014 of the Ministry of Finance guiding the financial regime applicable to securities companies, fund management companies
Posted: 22/12/2021 9:02:37 AM | Latest updated: 30/12/2021 10:41:08 AM (GMT+7) | LuatVietnam: 5360 | Vietlaw: 542
VietlawOnline

Circular No. 146/2014/TT-BTCstatus1 regulating the financial regime applicable to securities companies, fund management companies shall be abrogated from February 1st, 2022.

Accordingly, from the fiscal year 2022, securities companies, fund management companies shall manage their finance according to these documents: 2019 Law on Securities, Decree No. 155/2020/ND-CP, Circular No. 121/2020/TT-BTC, Circular No. 99/2020/TT-BTC, Circular No. 91/2020/TT-BTC and Circular No. 48/2019/TT-BTCstatus2 .

With regard to balance of the additional reserve fund of charter capital made according to the regulations at Circular No. 146/2014/TT-BTCstatus1 , securities companies, fund management companies may add to the charter capital according to 2019 Law on Securities and the enterprise's organization and operation charter.

With regard to operational risk and financial reserve funds set up according to the regulations at Circular No. 146/2014/TT-BTCstatus1 , securities companies, fund management companies may add to the charter capital or use according to decisions of the General Meeting of Shareholders/the Board of members.

This Circular takes effect from February 1st, 2022 and is applied from the fiscal year 2022.

Ms Phuong Thao (VietlawOnline.com)
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Information
Effective Date 1-Feb-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 542

Files attachment

vnflag wordicon TT114-17122021BTC.docx
vnflag pdficon TT114-17122021BTC.pdf
enflag pdficon TT114-17122021BTC[VLO].pdf

Timeline

Securities

blue-check Credit institutions are temporarily allowed to re-purchase corporate bonds until December 31st, 2023
blue-check Regarding withholding tax upon transfer of securities in Vietnam
blue-check Amendments to and suspension of some regulations on private placement and trading of privately placed corporate bonds
blue-check Amendments to regulations on repurchase of government bonds of the State Treasury
blue-check Regarding PIT upon transfer of call option
red-check Amendments to many regulations on issuance of corporate bonds
blue-check There will be an inspection of increase and decrease in charter capital of joint-stock companies
blue-check New regulations on registration for international bond issue
blue-check Issues relating to distribution of profits from private funds
red-check Fees and charges for management and supervision of securities activities
blue-check From March 25th, 2022: Provisions for investments in Government bonds shall not be made
blue-check Guidelines for preparation of pro forma financial statements (for securities companies)
blue-check New regulation on supervision of the compliance with laws of Vietnam Exchange
blue-check Conditions for banks performing securities-related activities
blue-check Increase in fines on violations against regulations on securities from January 1st, 2022
blue-check List of government bond market makers in 2022
blue-check Regulations on information disclosure of securities investors
blue-check From 2022: Securities companies shall apply the new financial regime
blue-check Schedule of prices of securities services from January 1st, 2022
blue-check Schedule of prices of securities services applied in stock exchanges from January 1st, 2022