blue-check Regulations on performance of corporate actions for holders of securities at Vietnam Securities Depository from August 20th, 2021

Decision No. 109/QD-VSD dated August 20th, 2021 of Vietnam Securities Depository on promulgating regulations on performance of corporate actions for holders of securities at Vietnam Securities Depository
Posted: 23/12/2021 12:56:18 PM | Latest updated: 28/12/2021 9:43:19 AM (GMT+7) | LuatVietnam: 5362 | Vietlaw: 544

The regulations provide guidelines for procedures for cooperation in performing corporate actions for securities holders between Vietnam Securities Depository (“VSD”), issuers and depository members (DMs) and direct account holders, including:

- Get written opinions from shareholders/investors/owners of corporate bonds and attend General Meetings of Shareholders/General Meetings of Investors of securities investment funds/meetings of corporate bondholders;

- Make payment of principal and interest of corporate bonds, debt instruments and dividends/profits in cash;

- Pay stock dividends, pay fund certificate profits, and issue shares to raise share capital from the owner's equity;

- Exercise the rights purchase;

- Convert convertible bonds;

- Carry out stock/bond swap; swap and repurchase debt instruments;

- Make payment for shareholders or holders of fund certificates upon enterprise dissolution or close of fund;

- Partially refund contributed capital to existing shareholders to reduce charter capital;

- Issuers use treasury stocks to pay bonuses to their existing shareholders;

- Repurchase shares from existing shareholders/repurchase corporate bonds before maturity;

This Decision takes effect from the date of its signing and replaces Decision No. 02/QD-VSD dated January 2nd, 2020.

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Effective Date 20-Aug-2021
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 544
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enflag pdficon QD109-20082021VSD[EN].pdf