THE MINISTRY OF FINANCE
Circular No. 05/2015/TT-BTC dated January 15, 2015 of the Ministry of Finance guiding the registration, depository, offsetting and settlement of securities
Pursuant to the Law on Securities dated June 29, 2006;
Pursuant to the Law on amending and supplementing a number of articles of the Law on Securities dated November 24, 2010;
Pursuant to the Law on Enterprise dated November 29, 2005;
Pursuant to the Government's Decree No. 58/2012/ND-CP dated July 20th 2010, detailing and guiding the implementation of a number of articles of the Law on Securities and the Law on amending and supplementing a number of articles of the Law on Securities
Pursuant to the Government's Decree No. 215/2013/ND-CP dated December 23, 2013 defining the functions, tasks, entitlements and organizational structure of the Ministry of Finance;
At the request of the Chairman of the State Securities Commission
The Minister of Finance promulgates the circular providing guidance on registration, depository, offsetting and settlement of securities
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation and regulated entities
1. This Circular defines the registration, depository, offsetting and settlement of securities on the securities market in Vietnam.
2. Regulated entities of this Circular shall include: the Vietnam Securities Depository (hereinafter referred to as VSD), depository members, organizations directly opening accounts, the issuers, payment banks and customers of registration, depository and settlement of securities.
Article 2. Term interpretation
In this Circular, these terms shall be construed as follows:
1. Certificate securities are securities issued under the form of physical certificates. Information about the legal ownership of securities owners shall be recorded on securities certificates.
