What are regulations on payment of securities service prices in Vietnam?

What are regulations on payment of securities service prices in Vietnam?

Article 4 of Circular 101/2021/TT-BTC stipulates on payment of securities service prices as follows:

1. In case an organization applies for re-registration of membership of the SE, it shall pay the same prices of derivatives trading member registration service, member management service, derivatives trading member management service, periodical connection maintenance service, and terminal device user service as a new member, except the case of member registration specified in Point b Clause 10 Article 310 of the Government’s Decree No. 155/2020/ND-CP dated December 31, 2020.

If an organization applies for re-registration as a depository member or clearing member of VSDC, it shall pay the same prices of depository member management service, clearing member management service, derivatives clearing member management service, clearing member registration service and derivatives clearing member registration service as a new member.

2. If the SE suspends trading membership or trading activities or online connection of its member for a period lasting until the following year without cancelling its membership, this member shall still pay prices of member management service, derivatives trading member management, periodical connection maintenance service, and terminal device user service for the following year.

In case VSDC suspends its provision of depository, clearing and settlement services for its member, or a member of VSDC has its depository, clearing and settlement activities suspended by VSDC for a period lasting until the following year without cancelling their membership, such member shall still pay prices of depository member management service, clearing member management service or derivatives clearing member management service for the following year.

3. If the SE suspends trading membership or trading activities or online connection to serve the cancellation of membership of its member within the same year, this member shall not pay prices of member management service, derivatives trading member management, periodical connection maintenance service, and terminal device user service for the following years.

In case VSDC suspends its provision of depository, clearing and settlement services for its member, or a member of VSDC has its depository, clearing and settlement activities suspended by VSDC in order to follow procedures for cancellation of their membership within the same year, such member shall not pay prices of depository member management service, clearing member management service or derivatives clearing member management service for the following years.

4. Prices of securities services shall be paid in VND. With regard to government bonds in foreign currency, the service price shall be calculated adopting the average rate of the central rates of that foreign currency to VND announced by the State Bank of Vietnam (“SBV”) in the month in which the service is rendered.

Best Regards!