Circular No. 128/2009/TT-BTC Amending and Supplementing the Regulation on Organization and Management of Securities Trading for Unlisted Public Companies at the Hanoi Stock Exchange issued together with Decision No. 108/2008/QĐ-BTC dated November 20, 2008 of the Minister of Finance.

CIRCULAR

Amending and Supplementing the Regulation on Organization and Management of Securities Trading for Unlisted Public Companies at the Hanoi Stock Exchange issued pursuant to Decision No. 108/2008/QĐ-BTC

 dated November 20, 2008 of the Minister of Finance

 of the Ministry of Finance

__________________________

Pursuant to the Securities Law No. 70/2006/QH11 adopted by the National Assembly on June 29, 2006;

Pursuant to Decree No. 14/2007/NĐ-CP dated January 19, 2007 of the Government detailing implementation of certain provisions of the Securities Law;

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

The Ministry of Finance issues guidelines to amend and supplement some points in the Regulation on Organization and Management of Securities Trading for Unlisted Public Companies at the Hanoi Stock Exchange issued pursuant to Decision No. 108/2008/QĐ-BTC dated November 20, 2008 of the Minister of Finance as follows:

Article 1. Replace the phrase "Hanoi Stock Exchange" and "Hanoi TTGDCK" in Decision No. 108/2008/QĐ-BTC dated November 20, 2008 with the corresponding phrase "Hanoi Securities Trading Center" and "Hanoi SGDCK".

Article 2. Article 7 is amended as follows:

"Article 7: Conditions for Registration of Trading

Securities shall be registered for trading at the Hanoi Securities Trading Center (SGDCK) when they meet the following conditions:

1. They are securities of public companies as provided for in Article 25 of the Securities Law that have not been listed on the SGDCK.

2. They are securities that have been registered for custody at the Vietnam Securities Depository Center (hereinafter referred to as VSDC)".

Article 3. Clause 2 of Article 8 on Documents for Registration of Trading is abolished.

Article 4. Point d of Clause 1 of Article 13 on Suspension of Trading of Registered Securities is abolished.

Article 5. Amend Article 14 on Trading Methods as follows:

"Article 14: Trading Methods:

1. The Hanoi Securities Trading Center organizes trading for registered securities through the trading registration system using two methods: continuous matching and negotiated trading.

2. The Hanoi Securities Trading Center and the Vietnam Securities Depository Center shall specify the contents of the trading methods and the procedures for correcting trading errors under the continuous matching method after obtaining approval from the State Securities Commission".

Article 6. This Circular takes effect from the date of signature.

Article 7. The amendment and supplementation of this Circular shall be decided by the Minister of Finance.