SECURITIES TRADING REGISTRATION OF PUBLIC COMPANY

Securities trading registration is a procedure required for organizations to bring securities into the market and conduct valid securities trading transactions. Public companies registering to trade securities on the trading system for unlisted securities must comply with the provisions of law on securities trading registration of public companies.

1. What is securities trading registration?

Securities trading registration means the admission of securities to trading on a system for trading of unlisted securities, according to Clause 25, Article 4 of the Securities Law 2019.

TIn particular, the Upcom trading system is a trading system for unlisted securities organized and operated by the Stock Exchange.

2. Procedures for securities trading registration of public companies

Step 1: Enterprise submits securities trading registration documents to the Stock Exchange.

Step 2: Within 05 working days from the date of receiving complete and valid documents, the Stock Exchange has a decision to approve the transaction registration and at the same time disclose information to the market.

Step 3: Within 10 days from the date the Stock Exchange issues the decision approving securities trading registration, the issuing organization is responsible for putting the shares into trading on the Upcom trading system.

>> 07 STRICTLY PROHIBITED ACTS IN SECURITIES https://linconlaw.vn/07-strictly-prohibited-acts-in-securities/

>> VALUATION OF CONTRIBUTED ASSETS INTO A COMPANY https://linconlaw.vn/valuation-of-contributed-assets-into-a-company/

3.  Dossiers for application for securities trading registration of public companies

Case 1: The transaction registration dossier of a public company belongs to the case of having a contributed charter capital of at least 30 billion VND and at least 10% of the voting shares are being held by at least 100 non-major shareholders:

– Application for stock trading registration;

– Documents include:

+ The company’s charter;

+ The certificate of enterprise registration;

+ The information disclosure statement about the public company, including summary of the company’s organizational structure, business operations, management, shareholders, assets, financial status and other information;

+ The latest annual financial statement audited by an independent audit organization.

In case the company’s charter capital is increased after the end of the latest fiscal year, an audited financial statement of the latest period is required.

– Confirmation from the State Securities Commission on completion of public company registration;

– Securities registration certificate of Vietnam Securities Depository and Clearing Corporation and written notification to Vietnam Securities Depository and Clearing Corporation on the registration of the closing date for the list of shareholders to transaction registration.

Case 2: The transaction registration dossier of a public company that has successfully conducted an initial public offering of shares through registration with the State Securities Commission according to regulations includes:

– Application for stock trading registration;

– Securities registration certificate of Vietnam Securities Depository and Clearing Corporation and written notification to Vietnam Securities Depository and Clearing Corporation on the registration of the closing date for the list of shareholders to transaction registration.

– Confirmation from the State Securities Commission on completion of public company registration;

– Prospectus enclosed with Certificate of offering registration and report on results of public offering of securities;

– Company documents include:

+ The company’s charter;

+ The certificate of enterprise registration.

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