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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
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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
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