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MEKONG COUNSEL

Decree detailing and guiding the implementation of a number of articles of the Law on Securities and the laws amending and supplementing a number of articles of the Law on Securities

On July 20th, 2012, the Government issued Decree No. 58/2012/ND-CP detailing and guiding the implementation of a number of articles of the Law on Securities and the laws amending and supplementing a number of articles of the Law on Securities. Accordingly, provisions on issuing organizations and securities trading organizations shall be detailed, briefly as follows:

 

- Provisions on issuing organizations shall include: offering individual shares for sale; offering securities for sale to the public; offering securities of Vietnamese enterprises for sale in foreign countries; registration and cancel registration of public companies; purchase and sale of fund securities of public companies; public offering for purchase; publishing securities of domestic issuing organizations, foreign issuing organizations in Vietnam, and Vietnamese issuing organizations in foreign countries.

 

- Provisions on securities trading organizations shall include: domestic securities trading organizations,  branches, representative offices of foreign securities trading organizations in Vietnam, securities investment companies; real estate investment funds.

 

This Decree shall be effective from September 15th, 2012 and supersede Decree No. 14/2007/ND-CP dated January 19th, 2007,  Decree No. 84/2010/ND-CP dated August 2st, 2010 and Decree No. 01/2010/ND-CP dated January 4th, 2010. The previous regulations contrary to those in this Decree shall be annulled.