This Circular stipulates the reduction of service fees in the securities sector at the Securities Trading Exchange and the Vietnam Securities Depository from March 19, 2020 to August 31, 2020 to support organizations and individuals affected by the COVID-19 pandemic. Specific fee levels are detailed in Article 1 and apply to various services such as securities registration, securities deposit, securities transfer, exercising rights, etc. Securities trading organizations are encouraged to similarly reduce service fees.
적용 범위
Securities Trading Exchange and Vietnam Securities Depository
핵심 사항
- Reduction of service fees from March 19, 2020 to August 31, 2020
- Applies to various services such as securities registration, deposit, transfer...
- Encourages securities trading organizations to similarly reduce service fees to support users affected by the COVID-19 pandemic.
- Other contents continue to be implemented according to Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance.
- The Ministry of Finance will consider extending the application period if necessary depending on the development of the COVID-19 pandemic.
🌐 이 문서의 사회적 영향
- Support organizations and individuals in the securities sector to overcome difficulties caused by the impact of the epidemic.
- Improve small investors' and enterprises' access to the securities market.
- Enhance the stability and sustainable development of the Vietnamese financial market.
❓ 자주 묻는 질문
How long does this Circular take effect?
This Circular takes effect from March 19, 2020 to August 31, 2020. The Minister of Finance will consider extending the application period if necessary.
Which services are subject to reduced fees?
Services such as securities registration, securities deposit, securities transfer, exercising rights, and other services are all subject to reduced fees as specified in this Circular.
전문
|
MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
|
NUMBER: 14/2020/TT-BTC |
Hanoi, March 18, 2020 |
CIRCULAR
AMENDMENTS AND SUPPLEMENTS TO CERTAIN ARTICLES OF CIRCULAR NO. 127/2018/TT-BTC DATED DECEMBER 27, 2018 ISSUED BY THE MINISTER OF FINANCE ON PRICES OF SERVICES IN THE SECURITIES SECTOR APPLICABLE AT THE HO CHI MINH CITY SECURITIES EXCHANGE AND VIETNAM SECURITIES DEPOSITORY TO SUPPORT ORGANIZATIONS AND INDIVIDUALS AFFECTED BY THE COVID-19 PANDEMIC
The Government issues this Decree amending and supplementing Clause 2, Article 12 of Decree No. 91/2015/NĐ-CP dated October 13, 2015 of the Government on state capital investment in enterprises and management and use of capital and assets in enterprises, which has been amended and supplemented at Clause 5, Article 1 of Decree No. 32/2018/NĐ-CP dated March 8, 2018 of the Government amending and supplementing some articles of Decree No. 91/2015/NĐ-CP.
Pursuant to the Law on Fees and Registration Fees dated November 25, 2015;
Pursuant to the Price Law dated June 20, 2012;
Pursuant to the Law on Public Debt Management dated November 23, 2017;
Pursuant to Decree No. 177/2013/NĐ-CP dated November 14, 2013 and Decree No. 149/2016/NĐ-CP dated November 11, 2016 of the Government amending and supplementing certain articles of Decree No. 177/2013/NĐ-CP dated November 14, 2013 of the Government detailing and guiding the implementation of certain provisions of the Law on Prices;
Pursuant to Decree No. 58/2012/NĐ-CP dated July 20, 2012 and Decree No. 60/2015/NĐ-CP dated June 26, 2015 of the Government amending and supplementing certain articles of Decree No. 58/2012/NĐ-CP dated July 20, 2012 detailing and guiding the implementation of certain provisions of the Securities Law and the Law Amending and Supplementing Certain Provisions of the Securities Law;
Pursuant to Decree No. 86/2016/NĐ-CP dated July 1, 2016 of the Government on conditions for investment and business in securities and Decree No. 151/2018/NĐ-CP dated November 7, 2018 of the Government amending and supplementing certain Decrees on conditions for investment and business under the management of the Ministry of Finance;
WHEREAS, Decree No. 42/2015/NĐ-CP dated May 5, 2017 of the Government on derivative securities and the derivative securities market;
WHEREAS, Decree No. 91/2018/NĐ-CP dated June 26, 2018 of the Government on issuance and management of government guarantees;
WHEREAS, Decree No. 93/2018/NĐ-CP dated June 30, 2018 of the Government on management of local government debt;
Pursuant to Decree No. 95/2018/NĐ-CP dated June 30, 2018 of the Government on the issuance, registration, registration custody, listing, and trading of government debt instruments on the securities market;
Pursuant to Decree No. 87/2017/NĐ-CP dated July 26, 2017, issued by the Government, stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of the Director of the Price Management Department, Chairman of the State Securities Commission;
The Minister of Finance promulgates this Circular amending and supplementing certain articles of Circular No. 127/2018/TT-BTC dated December 27, 2018 issued by the Minister of Finance on prices of services in the securities sector applicable at the Ho Chi Minh City Securities Exchange and Vietnam Securities Depository to support organizations and individuals affected by the COVID-19 pandemic.
Article 1. Amend the service price levels stipulated in
Points 2, 3.4, 4, 5.1, 7, 12, 13, 14, 15, 18 Part A; Points 1, 3, 4, 6, 7 Part B Price List of Services in the Securities Sector Applicable at the Ho Chi Minh City Securities Exchange and Vietnam Securities Depository issued together with Circular No. 127/2018/TT-BTCdated December 27, 2018 of the Minister of Finance as follows:
A. SERVICE FEES APPLICABLE IN THE PRIMARY SECURITIES MARKET
|
Serial number |
NAME OF SERVICE FEE |
PRICE LEVEL |
|
I |
SERVICE PRICES APPLICABLE AT THE HO CHI MINH CITY SECURITIES EXCHANGE |
|
|
2 |
Service price for initial listing registration |
|
|
2.1 |
Service price for initial listing registration |
|
|
a |
For shares, corporate bonds, fund certificates, and debt instruments as prescribed in the Public Debt Management Law |
Not collected |
|
b |
For guaranteed warrants |
Not collected |
|
2.2 |
Service price for changing listing registration |
|
|
a |
For shares, corporate bonds, fund certificates, and debt instruments as prescribed in the Public Debt Management Law |
Not collected |
|
b |
For guaranteed warrants |
Not collected |
|
3 |
Service price for listing management |
|
|
3.4 |
For guaranteed warrants |
1 million VND/month |
|
4 |
Service price for trading |
|
|
4.1 |
Service price for ordinary trading |
|
|
a |
Listed shares, fund certificates (excluding ETFs) |
0.027% of transaction value |
|
b |
Listed ETFs |
0.018% of transaction value |
|
specialized agency under the People's Committee of the province/city. |
Corporate bonds, debt instruments as prescribed in the Public Debt Management Law |
0.0054% of transaction value |
|
For coal-fired thermal power plants where the enterprise holds 100% of the registered capital and uses 100% of its own capital to invest in the project approved by the competent authority, E is determined as 100%; |
Shares, fund certificates registered for trading (UPCOM) |
0.018% of transaction value |
|
đ |
Guaranteed warrants |
0.018% of transaction value |
|
4.2 |
Service price for repurchase trading (repo) of debt instruments as prescribed in the Public Debt Management Law |
|
|
a |
Term up to 2 days |
0.00045% of transaction value |
|
b |
Term from 3 to 14 days |
0.0036% of transaction value |
|
specialized agency under the People's Committee of the province/city. |
Term over 14 days |
0.0054% of transaction value |
|
4.3 |
Service price for selling combined with buying back debt instruments as prescribed in the Public Debt Management Law |
0.0054% of transaction value |
|
4.4 |
Service price for borrowing and lending debt instruments as prescribed in the Public Debt Management Law |
|
|
a |
Term up to 2 days |
0.00045% of transaction value |
|
b |
Term from 3 to 14 days |
0.0036% of transaction value |
|
specialized agency under the People's Committee of the province/city. |
Term over 14 days |
0.0054% of transaction value |
|
5 |
Service price for online connection |
|
|
5.1 |
Service price for initial online connection |
Not collected |
|
7 |
Service price for auction and competitive bidding |
0.15% of the total value of shares, types of securities actually sold, maximum of 150 million VND per auction sale, competitive bidding, and minimum of 20 million VND per auction sale, competitive bidding |
|
II |
SERVICE PRICES APPLICABLE AT THE VIETNAM SECURITIES DEPOSITORY |
|
|
12 |
Service price for securities registration |
|
|
12.1 |
Service price for initial securities registration |
|
|
a |
Value of securities registration under 80 billion VND |
Not collected |
|
b |
Value of securities registration from 80 billion to under 200 billion VND |
Not collected |
|
specialized agency under the People's Committee of the province/city. |
Value of securities registration 200 billion VND and above |
Not collected |
|
12.2 |
Service price for additional securities registration |
|
|
a |
Shares, corporate bonds, fund certificates (excluding ETFs) |
Not collected |
|
b |
ETF fund certificates, guaranteed warrants |
Not collected |
|
13 |
Service price for securities custody |
|
|
13.1 |
Shares, fund certificates, guaranteed warrants |
0.27 VND/share, fund certificate, guaranteed warrant/month |
|
13.2 |
Corporate bonds, debt instruments as prescribed in the Public Debt Management Law |
0.18 VND/corporate bond, debt instrument/month, maximum 2,000,000 VND/month/bond code |
|
14 |
Service price for transferring securities |
|
|
14.1 |
Service price for transferring securities between investor accounts at different custodians |
0.3 VND/security/transfer/stock code (maximum not exceeding 300,000 VND/transfer/stock code) |
|
14.2 |
Service price for transferring securities for settlement purposes |
0.3 VND/security/transfer/stock code (maximum not exceeding 300,000 VND/transfer/stock code |
|
15 |
Service price for exercising rights |
|
|
15.1 |
Under 500 investors |
3.5 million VND/right exercise |
|
15.2 |
From 500 to under 1,000 investors |
7 million VND/right exercise |
|
15.3 |
From 1,000 to 5,000 investors |
10.5 million VND/right exercise |
|
15.4 |
Over 5,000 investors |
14 million VND/right exercise |
|
18 |
Securities lending and borrowing service through the VSD system |
|
|
a |
Borrowing period under 15 days |
Not collected |
|
b |
Borrowing period 15 days and above |
Not collected |
B. PRICES OF SERVICES APPLICABLE IN THE DERIVATIVES MARKET
|
Serial number |
NAME OF SERVICE FEE |
PRICE LEVEL |
|
I |
SERVICE PRICES APPLICABLE AT THE HO CHI MINH CITY SECURITIES EXCHANGE |
|
|
1 |
Service price for registering derivatives trading members |
Not collected |
|
3 |
Service price for derivatives trading |
|
|
a |
Futures index contracts |
2,700 VND/contract |
|
b |
Government bond futures contracts |
4,500 VND/contract |
|
II |
SERVICE PRICES APPLICABLE AT THE VIETNAM SECURITIES DEPOSITORY |
|
|
4 |
Service price for registering clearing members |
Not collected |
|
6 |
Service price for position management |
2,550 VND/contract/account/day |
|
7 |
Service price for margin asset management |
0.0024% of the cumulative balance of collateral assets (cash + face value of securities)/account/month (maximum not exceeding 1,600,000 VND/account/month, minimum not less than 320,000 VND/account/month) |
Article 2. Implementation clause
1. This Circular takes effect from March 19, 2020 until August 31, 2020. After August 31, 2020, the prices of services in the securities sector applicable at the Ho Chi Minh City Securities Exchange and Vietnam Securities Depository shall be implemented according to the provisions of Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance. Based on the development of the COVID-19 situation, the Minister of Finance will consider and decide to extend the application period of this Circular if necessary.
2. On the basis of the service prices stipulated in Article 1 of this Circular, organizations providing services in the securities sector as stipulated in Article 2 of Circular No. 128/2018/TT-BTC dated December 27, 2018 of the Minister of Finance on prices of services in the securities sector applicable at securities trading organizations and commercial banks participating in the Vietnamese securities market shall reduce service fees to support organizations and individuals using services affected by the COVID-19 pandemic in accordance with actual service supply and relevant laws on prices and related laws.
3. Other contents not stipulated in this Circular continue to be implemented according to the provisions of Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance on prices of services in the securities sector applicable at the Ho Chi Minh City Securities Exchange and Vietnam Securities Depository.
4. During the implementation process, if there are any difficulties, organizations and individuals are requested to promptly reflect them to the Ministry of Finance for research and supplementary guidance.
|
|
THE MINISTER |
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