TO AMEND ON THE REGULATION OF “VALID CERTIFICATE” IN SECURITY REPORT
On December 31, 2019, the Minister of Finance promulgates the Circular No. 91/2019/TT-BTC on amending and supplementing a number of Circulars on the reporting regime and administrative procedures applied with fund management companies, securities investment funds and securities investment companies.
The new regulation states that, the reporting regime for fund management companies, securities investment funds, securities investment companies are allow to use valid copy. Valid copy means a copy grant from original book or a copy certified by competent authorities or a collated copy matched the original. The former regulation defines that valid copy is the copy which is authorized in accordance with law provisions.
For personal record, the new regulations requires it to comprise the written provision of information in the form, a valid copy of identity card or citizen identification card or passport or other lawful personal identification.
For offshore indirect investment activities of securities trading organizations, securities investment funds, securities investment companies and insurance trading companies, this Circular amends regulations on reporting regime when the certificate is recalled or cease foreign investment.
This Circular takes effect on February 15, 2020.
