Circular 88/2025/TT-BTC amend reporting regime for securities investment fund management companies, Vietnam-based representative offices and branches of foreign securities companies

CIRCULAR

Amending and supplementing a number of articles of Circulars prescribing the reporting regime applicable to securities investment fund management companies, Vietnam-based representative offices and branches of foreign securities companies and foreign fund management companies

Pursuant to the Law on Securities No. 54/2019/QH14, amended and supplemented under Law No. 56/2024/QH15;

Pursuant to the Government’s Decree No. 155/2020/ND-CP dated December 31, 2020, detailing and guiding the implementation of a number of articles of the Law on Securities;

Pursuant to the Government’s Decree No. 29/2025/ND-CP dated February 24, 2025, defining the functions, tasks, powers and organizational structure of the Ministry of Industry and Trade, amended and supplemented under Decree No. 166/2025/ND-CP;

At the proposal of the Chairperson of the State Securities Commission of Vietnam;

The Minister of Finance hereby promulgates the Circular amending and supplementing a number of articles of Circulars prescribing the reporting regime applicable to securities investment fund management companies, Vietnam-based representative offices and branches of foreign securities companies and foreign fund management companies.

Chapter I

AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF THE MINISTER OF FINANCE’S CIRCULAR NO. 97/2020/TT-BTC DATED NOVEMBER 16, 2020, GUIDING THE OPERATION OF VIETNAM-BASED REPRESENTATIVE OFFICES AND BRANCHES OF FOREIGN SECURITIES COMPANIES AND FOREIGN FUND MANAGEMENT COMPANIES

Article 1. To amend and supplement Clause 4, Article 12 as follows:

“4. Vietnam-based representative offices of foreign securities companies and foreign fund management companies shall send periodic electronic reports to the State Securities Commission of Vietnam via its database system.”.

Article 2. To amend and supplement Clause 5, Article 21 as follows:

“5. Vietnam-based branches of foreign securities companies and foreign fund management companies shall send periodic electronic reports to the State Securities Commission of Vietnam via its database system.”.

Chapter II

AMENDING, SUPPLEMENTING A NUMBER OF ARTICLES OF THE MINISTER OF FINANCE'S CIRCULAR NO. 99/2020/TT-BTC DATED NOVEMBER 16, 2020, PROVIDING GUIDANCE ON OPERATION OF SECURITIES INVESTMENT FUND MANAGEMENT COMPANIES

Article 3. To amend and supplement Clause 4, Article 29 as follows:

“4. Securities investment fund management companies shall send periodic electronic reports to the State Securities Commission of Vietnam via its database system.”.

Chapter III

IMPLEMENTATION PROVISIONS

Article 4. Effect

1. This Circular takes effect from October 20, 2025.

2. In case securities investment fund management companies, Vietnam-based representative offices and branches of foreign securities companies and foreign fund management companies (hereinafter referred to reporting entities) fail to send reports via the State Securities Commission of Vietnam's database system due to force majeure events, such as network or server failures, inability to use digital certificates, or other force majeure events, the reporting entities shall notify the State Securities Commission of Vietnam, clearly stating the reasons, and submitting reports via the email system or in written paper form. Immediately after overcoming the force majeure events, the reporting entities shall fully report on the database system of the State Securities Commission of Vietnam.

3. The State Securities Commission of Vietnam, securities investment fund management companies, Vietnam-based representative offices and branches of foreign securities companies and foreign fund management companies, and relevant organizations and individuals shall implement this Circular.