Circular No. 02/2013/TT-BTC dated January 08, 2013 of the Ministry of Finance amending and supplementing the Circular No. 27/2010/TT-BTC dated February 26, 2010 of the Ministry of Finance prescribing rates and the collection, remittance, management and use of charges for securities operations to be applied at the Stock Exchanges and the Vietnam Securities Depository Center

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Issuing body:	Ministry of Finance	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	02/2013/TT-BTC	Signer:	Vu Thi Mai
Type:	Circular	Expiry date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Issuing date:	08/01/2013	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Securities , Tax - Fee - Charge

SUMMARY

REDUCING THE CHARGE FOR SECURITIES DEPOSITORY TO VND 0.4/STOCK

This content is regulated under the Circular No. 02/2013/TT-BTC dated January 08, 2013 on amending and supplementing the Circular No. 27/2010/TT-BTC, of February 26, 2010 of the Ministry of Finance prescribing the collection rates, remittance, management and use of charges in securities activities to be applied at the stock exchanges and the Vietnam securities depository center.

Accordingly, from January 08, 2013, charge for securities depository applied for stocks and fund certificates is reduced to VND 0.4/stock or fund certificate/month (the previous regulation is VND 0.5/stock or fund certificate/month).

Securities operation charges to be applied at the stock exchanges and the Vietnam securities depository center are still applied as regulations under the Circular No. 27/2010/TT-BTC. Specifically, charge for trading member management is VND 20 million/year, Charge for listing registration is VND 10 million/listed company for initial listing registration and VND 5 million /additional listing for additional listing registration; Charge for securities depository for bonds is VND 0.2/bond/month.

This Circular takes effect as from the day of signing.

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Effect status: Known

THE MINISTRY OF FINANCE

Pursuant to the Law on Securities;

Pursuant to the Ordinance on Charges and Fees;

Pursuant to the Ordinance on Prices;

Pursuant to the Decree No. 14/2007/ND-CP dated January 19, 2007 of the Government detailing the implementation of a number of articles of the Law on Securities;

Pursuant to the Decree No. 57/2002/ND-CP dated June 3, 2002 of the Ministry of Finance detailing the implementation of the ordinance on charges and fees;

Pursuant to the Decree No. 75/2008/ND-CP dated June 9, 2008 of the Government amending and supplementing a number of Articles of the Government's Decree No. 170/2003/ ND-CP dated December 25, 2003 which details the implementation of a number of articles of the Ordinance on Prices;

Pursuant to the Decree No. 118/2008/ND-CP dated November 27, 2008 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

At the proposal of Director of tax Policy Department;

The Minister of Finance promulgates Circular amending and supplementing the Circular No. 27/2010/TT-BTC dated February 26, 2010 of the Ministry of Finance prescribing rates and the collection, remittance, management and use of charges for securities operations to be applied at the Stock Exchanges and the Vietnam Securities Depository Center as follows:

Article 1.

To amend point 10.1 item II of the Tariff promulgated together with the Circular No. 27/2010/TT-BTC as follows:

No	Charge	Rate	Payer
10	Charge for securities depository		Members of the Depository Center
10.1	For stocks and fund certificates	VND 0.4/stock or fund certificate/month

Article 2.

1. This Circular takes effect as from the day of signing until issuing new guidance documents.

Organizations, individuals subject to pay charges and relevant agencies shall implement this Circular. Any problems arising in the course of implementation should be promptly reported to the Ministry of Finance for consideration and guidance.

For the Minister of Finance

Deputy Minister

Vu Thi Mai

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LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency