Circular No. 146/2014/TT-BTC 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-BTC .
With regard to balance of the additional reserve fund of charter capital made according to the regulations at Circular No. 146/2014/TT-BTC , 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-BTC , 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.
|Published||Vietlaw's Newsletter No. 542|