From July 01, 2022: Supplement the charge for derivatives operation supervision

On April 28, 2022, the Minister of Finance issues the Circular No. 25/2022/TT-BTC providing for charge and fee rates and the collection, remittance, management and use of the securities charges and fees.

Accordingly, this Circular supplement a number of regulations on the charge for operation supervision of derivatives as follows:

- Charges for operation supervision of derivatives for Vietnam Securities Depository and Clearing Corporation (hereinafter referred to as VSDC): 10% of the turnover of the prices of the services of position management/clearing and management of deposited assets.

- Charges for operation supervision of derivatives for Stock exchanges: 10% of the turnover of the derivative trading service price.

Besides, the Circular 25 also supplements the charge for securities operation supervision for reimbursing banks, in particulars:

- Stocks, fund certificates and covered warrants: 0.001% of the clearing, net settlement value/payment day, but not more than VND 01 million/day.

- Corporate bonds: 0.0001% of the clearing, net settlement value/payment day, but not more than VND 100,000/day.

A number of charges and fees are the same as in previous regulations such as: The fee for grant of an establishment and operation license for a securities company is VND 20 - 100 million/license; the Fee for grant of an establishment and operation license for a securities investment fund management company is VND 30 million/permit...

This Circular takes effect on July 01, 2022.

Please contact LuatVietnam via 1900.6192 for further support.