| THE MINISTRY OF FINANCE ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------- |
| No. 43/2010/TT-BTC | Hanoi, March 25, 2010 |
CIRCULAR
AMENDING AND SUPPLEMENTING THE REGULATION ON SECURITIES REGISTRATION, DEPOSIT, CLEARING AND SETTLEMENT PROMULGATED TOGETHER WITH THE MINISTER OF FINANCE'S DECISION NO. 87/2007/QD-BTC OF OCTOBER 22,2007
THE MINISTRY OF FINANCE
Pursuant to Law No. 70/2006/QHII on Securities, which was passed by the National Assembly on June 29, 2006;
Pursuant to the Government's Decree No. 14/ 2007/ND-CP of January 19, 2007, detailing a number of articles of the Law on Securities;
Pursuant to the Government's Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
The Ministry of Finance amends and supplements a number of articles of the Regulation on securities registration, deposit, clearing and settlement promulgated together with the Minister of Finance's Decision No. 87/2007'/QD-BTC of October 22, 2007 (below referred to as Decision No. 87/2007/QD-BTC), as follows:
Article 1. To rename the Securities Depository Center (abbreviated to SDC) the Vietnam Securities Depositary (VSD).
Article 2. To amend Point d of, and add Point e to, Clause 1, Article 7, Chapter III of Decision No. 87/2007/QD-BTC as follows:
"d/ Its professional processes of securities registration, deposit, clearing and settlement satisfy requirements of the VSD.
e/ Its system is capable of connecting to the VSD's portal and its software for management of securities registration, deposit, clearing and settlement satisfies requirements of the VSD."
Article 3. To amend and supplement Clause 8, Article 12, Chapter III of Decision No. 87/ 2007/QD-BTC as follows:
"8. A member has its securities brokerage operation or its certificate of registration of securities depository operation revoked by the State Securities Commission under Clause 2, Article 51 of the Law on Securities (applicable to depository members)."
Article 4. To amend and supplement Clause 1, Article 18, Chapter IV of Decision No. 87/ 2007/QD-BTC as follows:
