Decision No. 71/2005/QD-BTC dated October 21, 2005 of the Ministry of Finance on amendment of and addition to a number of articles of the Regulation on organization and operation of securities investment funds and fund management companies (promulgated in conjunction with the Decision No. 73/2004/QD-BTC of the Minister of Finance dated September 3, 2004)

DECISION

ON AMENDMENT OF AND ADDITION TO A NUMBER OF ARTICLES OF THE REGULATION ON ORGANIZATION AND OPERATION OF SECURITIES INVESTMENT FUNDS AND FUND MANAGEMENT COMPANIES (PROMULGATED IN CONJUNCTION WITH THE DECISION NO. 73/2004/QD-BTC OF THE MINISTER OF FINANCE DATED 3 SEPTEMBER 2004)

THE MINISTER OF FINANCE

- Pursuant to the Decree No. 77/2003/ND-CP dated 1 July 2003 of the Prime Minister regulating the functions, tasks, power and organizational structure of the Ministry of Finance;

- Pursuant to the Government's Decree No.144/2003/ND-CP dated 28 November 2003 on securities and securities markets;

At the request of the Chairman of the State Secutrities Commission,

DECIDES:

Article 1: Add Point d to Item 2, Article 42 of the Regulation on organization and operation of securities investment funds and fund management companies (promulgated in conjunction with the Decision No. 73/2004/QD-BTC of the Minister of Finance dated 3 September 2004) as follows:

d. Fund management company under an insuance company being its controlling shareholder or capital-contributing member shall be allowed to manage the capital and assets entrusted by such insuance company based on the investment entrusting contracts entered by and between fund management company and insuance company in compliance with laws and regulations on securities and securities market. Entrusted capital and assets shall be deposited at custodian members being commercial bank as indicated in the depository agreement".

Article 2. This Decision shall takes effects 15 days after its publication on the Official Gazette.

Article 3. Chairman of the State Securities Commssion, fund management companies and related parties shall bear the responsibility to implement this Decision.