blue-check New regulations on obligations in securities trading of foreign investors

Circular No. 51/2021/TT-BTC dated June 30th, 2021 of the Ministry of Finance on providing guidance on obligations of organizations and individuals arising from foreign investment in Vietnam's securities market
Posted: 2/7/2021 7:32:50 AM | Latest updated: 26/8/2021 2:50:37 PM (GMT+7) | LuatVietnam: 5239 | Vietlaw: 524

This Circular provides guidelines on implementation of Clause 6 Article 138 of Decree No. 155/2020/ND-CP regarding obligations of foreign investors, organizations providing services to foreign investors, and other organizations and individuals involved in foreign investment in Vietnam’s securities market

According to Clause 3 Article 3 of this Circular, all activities such as transmitting money to perform transactions or investments and make payments relating to securities investment activities of foreign investors and activities of issuers of depositary receipts in foreign countries, receiving and using dividends or distributed profits, or buying foreign currency for the purpose of remitting them to foreign countries (if any) and other relevant transactions must be carried out through indirect investment capital accounts

After obtaining securities trading codes, foreign investors shall open depository accounts according to the rule that, for each securities trading code granted, only 01 depository account is opened at a custodian bank. In case depository accounts are opened at securities companies, only 01 depository account is opened at each securities company.

Foreign investors and groups of affiliated foreign investors shall submit reports on their ownership and disclose information about their securities transactions according to Clause 3 Article 5 of this Circular, including the case of changes in number of foreign investors in a group.

This Circular takes effect from August 16th, 2021 and replaces Circular No. 123/2015/TT-BTCstatus1 dated August 18th, 2015.

Please be informed that the attached forms are neither translated nor included in the English file.
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Effective Date 16-Aug-2021
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 524
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