Circular 14/2020/TT-BTC amending Circular 127/2018/TT-BTC

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Circular No. 14/2020/TT-BTC dated March 18, 2020 of the Ministry of Finance on amending and supplementing a number of Articles of the Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance on prescribing prices of services in the field of securities applicable to the Stock Exchanges and Vietnam Securities Depository to support relevant organizations and individuals affected by the Covid-19 epidemic
Issuing body: Ministry of FinanceEffective date:
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Official number:14/2020/TT-BTCSigner:Dinh Tien Dung
Type:CircularExpiry date:
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Issuing date:18/03/2020Effect status:
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Fields:Securities

SUMMARY

To exempt price of 6 services in the securities sector until August 31, 2020

On March 18, 2020, the Ministry of Finance issues the Circular No. 14/2020/TT-BTC on amending and supplementing a number of Articles of the Circular No. 127/2018/TT-BTC on prescribing prices of services in the field of securities applicable to the Stock Exchanges and Vietnam Securities Depository to support relevant organizations and individuals affected by the Covid-19 epidemic.

Accordingly, the Ministry of Finance exempts the following types of service prices: Service listing for the first time and changing listing registration service for shares, corporate bonds, investment fund certificates, debt instruments and covered warrants; Initial connection service; Initial securities registration service; Additional securities registration service; Services of borrowing and lending securities via VSD’s system; Services of registration as trading member in derivatives and registration as clearing members .

In additional, the Ministry of Finance also reduces the prices from 10% - 50% for 09 services, To be specific: To reduce 10% for transaction service rendered in underlying securities market, derivatives market and securities depository services; reduce from 15% - 20% for services of positions management and margins management in derivatives market; reduce from 30% - 50% for services of listing management for covered warrants, securities transfer and corporate actions, service of auction and competitive offering.

This Circular takes effect from March 19, 2020 until August 31, 2020. After August 31, 2020, the prices of the above-mentioned services shall comply with the previous provisions of the Circular No. 127/2018/TT-BTC.

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THE MINISTRY OF FINANCE

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No. 14/2020/TT-BTC

THE SOCIALIST  REPUBLIC OF VIETNAM

Independent - Freedom - Happiness

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Hanoi, March 18, 2020

 

 

 

CIRCULAR

On amending and supplementing a number of Articles of the Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance on prescribing prices of services in the field of securities applicable to the Stock Exchanges and Vietnam Securities Depository to support relevant organizations and individuals affected by the Covid-19 epidemic

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Pursuant to the Law on Securities dated June 29, 2006 and the Law on amending and supplementing a number of Articles of the Law on Securities dated November 24, 2010;

Pursuant to the Law on Charges and Fees dated November 25, 2015;

Pursuant to the Law on Prices dated June 20, 2012;

Pursuant to the Law on Public Debt Management dated November 23, 2017;

Pursuant to the Government's Decree No. 177/2013/ND-CP dated November 14, 2013 and the Government's Decree No. 149/2016/ND-CP dated November 11, 2016 on amending and supplementing a number of Articles of the Government’s Decree No. 177/2013/ND-CP dated November 14, 2013 on detailing and guiding a number of Articles of the Law on Prices;

Pursuant to the Government's Decree No. 58/2012/ND-CP dated July 20, 2013 and the Government's Decree No. 60/2015/ND-CP dated June 26, 2016 on amending and supplementing a number of Articles of the Government’s Decree No. 58/2012/ND-CP dated July 20, 2013 on detailing and guiding a number of Articles of the Law on Securities;

Pursuant to the Government’s Decree No. 86/2016/ND-CP dated July 01, 2016 on prescribing the securities investment and trading conditions and the Government's Decree No. 151/2018/ND-CP dated November 07, 2018 on amending and supplementing a number of Decrees on prescribing the investment and trading conditions under the State management of the Ministry of Finance;

Pursuant to the Government's Decree No. 42/2011/ND-CP dated May 05, 2011 on derivatives and the derivatives market;

Pursuant to the Government’s Decree No. 91/2018/ND-CP dated June 26, 2010 on Government guarantee issuance and management;

Pursuant to the Government's Decree No. 93/2018/ND-CP dated June 30, 2018 on prescribing the management of local administrations’ debts;

Pursuant to the Government's Decree No. 95/2018/ND-CP dated June 30, 2018 on prescribing the issuance, registration, depositing, listing and trading of the Government’s debt instruments on the securities market;

Pursuant to the Government’s Decree No. 87/2017/ND-CP of July 26, 2017 on defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

At the proposal of the Director-General of the Department of Price Administration and the Chairperson of the State Securities Commission;

The Minister of Finance hereby promulgates the Circular on amending and supplementing a number of Articles of the Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance on prescribing prices of services in the field of securities applicable to the Stock Exchanges and Vietnam Securities Depository to support relevant organizations and individuals affected by the Covid-19 epidemic.

 

Article 1. To amend the prices of services specified in Points 2, 3.4, 4, 5.1, 7, 12, 13, 14, 15 and 18, Part A; Points 1, 3, 4, 6 and 7, Part B of the Schedule of prices of services in the field of securities applicable to stock exchanges and Vietnam securities depository attached to the Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance as follows:

A. PRICES OF SERVICES RENDERED IN UNDERLYING SECURITIES MARKET

No.

SERVICE

PRICE

I

PRICES OF SERVICES RENDERED BY STOCK EXCHANGES

2

Listing service price

 

2.1

Service price listing for the first time

 

a

For shares, corporate bonds, investment fund certificates and debt instruments defined in the Law on Public Debt Management

No charge

b

For covered warrants

No charge

2.2

Service price when changing listing registration

 

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