CIRCULAR

AMENDMENTS TO CIRCULAR NO. 127/2018/TT-BTC DATED DECEMBER 27, 2018 OF THE MINISTER OF FINANCE PRESCRIBING PRICES OF SECURITIES-RELATED SERVICES RENDERED BY STOCK EXCHANGES AND VIETNAM SECURITIES DEPOSITORY FOR ASSISTING ORGANIZATIONS AND INDIVIDUALS FACING DIFFICULTIES AMID COVID-19 PANDEMIC

Pursuant to the Law on Securities dated June 29, 2006; the Law on amendments to the Law on Securities dated November 24, 2010;

Pursuant to the Law on Fees and Charges dated November 25, 2015;

Pursuant to the Pricing Law dated June 20, 2012;

Pursuant to the Law on Public Debt Management dated November 23, 2017;

Pursuant to the Decree No. 177/2013/ND-CP dated November 14, 2013 and the Government's Decree No. 149/2016/ND-CP dated November 11, 2016 on amendments to the Government’s Decree No. 177/2013/ND-CP dated November 14, 2013 on elaboration of the Pricing Law;

Pursuant to the Decree No. 58/2012/ND-CP dated July 20, 2012 and the Government’s Decree No. 60/2015/ND-CP dated June 26, 2015 on amendments to some articles of the Government’s Decree No. 58/2012/ND-CP dated July 20, 2012 on elaboration of the Law on Securities and the Law on amendments to the Law on Securities;

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Pursuant to the Government’s Decree No. 42/2015/ND-CP dated May 05, 2017 on derivatives and derivative market; 

Pursuant to the Government’s Decree No. 91/2018/ND-CP dated June 26, 2018 on government guarantee issuance and management;

Pursuant to the Government’s Decree No. 93/2018/ND-CP dated June 30, 2018 providing for provincial-government debt management;

Pursuant to the Government’s Decree No. 95/2018/ND-CP dated June 30, 2018 providing for issuance, registration, listing and trading of government debt instruments in securities market;

Pursuant to the Government’s Decree No. 87/2017/ND-CP dated July 26, 2017 defining functions, tasks, powers and organizational structure of the Ministry of Finance;

At the request of the Director of the Department of Price Management and the Chairman of the State Securities Commission of Vietnam (SSC);

The Minister of Finance promulgates a Circular providing amendments to Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance prescribing prices of securities-related services rendered by Stock Exchanges and Vietnam Securities Depository (VSD) for the purpose of assisting organizations and individuals facing difficulties amid Covid-19 Pandemic.

Article 1. Amendments to Points 2, 3.4, 4, 5.1, 7, 12, 13, 14, 15, 18 Part A, Points 1, 3, 4, 6, 7 Part B of Schedule of prices of securities-related services rendered by Stock Exchanges and VSD enclosed with Circular No. 127/2018/TT-BTC dated December 27, 2018 of Minister of Finance

A. PRICES OF SERVICES RENDERED ON UNDERLYING SECURITIES MARKET

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NAME OF SERVICE

PRICE

I

PRICES OF SERVICES RENDERED BY STOCK EXCHANGES

2

Listing services

2.1

Application for initial listing

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a

For shares, corporate bonds, investment fund certificates and debt instruments defined in the Law on Public Debt Management

Free of charge

b

For covered warrants

Free of charge

2.2

Changes to listing

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For shares, corporate bonds, investment fund certificates and debt instruments defined in the Law on Public Debt Management

Free of charge

b

For covered warrants

Free of charge

3

Listing management services

3.4

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VND 1 million/ month

4

Transactions

4.1

Outright transactions

a

Shares and listed investment fund certificates (excluding ETFs)

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b

Listed ETFs

0.018% of trading value

c

Corporate bonds and debt instruments as defined in the Law on Public Debt Management

0.0054% of trading value

d

Shares and fund certificates registered for trading on UPCOM

0.018% of trading value

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Covered warrants

0.018% of trading value

4.2

Repurchase transactions (or repo) in debt instruments as defined in the Law on Public Debt Management

a

Of a term up to 2 days

0.00045% of trading value

b

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0.0036% of trading value

c

Of a term of more than 14 days

0.0054% of trading value

4.3

Sell/ buy backs in debt instruments as defined in the Law on Public Debt Management

0.0054% of trading value

4.4

Borrowing and lending of debt instruments as defined in the Law on Public Debt Management

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a

Of a term up to 2 days

0.00045% of trading value

b

Of a term of 3 - 14 days

0.0036% of trading value

c

Of a term of more than 14 days

0.0054% of trading value

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Online connection services

5.1

Initial connection

Free of charge

7

Auction and competitive offering

0.15% of total value of shares or the type of securities actually sold, not exceeding VND 150 million/auction or competitive offering and not lower than VND 20 million/ auction or competitive offering

II

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12

Securities registration services

12.1

Initial securities registration

a

The value of registered securities is less than VND 80 billion

Free of charge

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The value of registered securities is from VND 80 billion to under VND 200 billion

Free of charge

c

The value of registered securities is VND 200 billion or above

Free of charge

12.2

Additional securities registration

a

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Free of charge

b

ETFs and covered warrants

Free of charge

13

Securities depository services

13.1

Shares, fund certificates and covered warrants

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13.2

Corporate bonds and debt instruments as defined in the Law on Public Debt Management

VND 0.18/ corporate bond or debt instrument as defined in the Law on Public Debt Management/ month but not exceeding VND 2,000,000/month/ code of corporate bonds or debt instruments as defined in the Law on Public Debt Management

14

Securities transfer services

14.1

Transferring securities between investors’ accounts opened at different depository members

VND 0.3/ security/ transfer/ ticker symbol (not exceeding VND 300,000/ transfer/ ticker symbol)

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Transferring securities for settlement purpose

VND 0.3/ security/ transfer/ ticker symbol (not exceeding VND 300,000/ transfer/ ticker symbol)

15

Corporate actions services

15.1

Less than 500 investors

VND 3.5 million/ corporate action

15.2

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VND 7 million/ corporate action

15.3

From 1,000 investors to less than 5,000 investors

VND 10.5 million/ corporate action

15.4

Above 5,000 investors

VND 14 million/ corporate action

18

Borrowing and lending securities via VSD’s system

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a

Borrowing duration is less than 15 days

Free of charge

b

Borrowing duration is 15 days or longer

Free of charge

B. PRICES OF SERVICES RENDERED ON DERIVATIVE MARKET

No.

NAME OF SERVICE

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I

PRICES OF SERVICES RENDERED BY STOCK EXCHANGES

1

Registration as trading member in derivatives

Free of charge

3

Derivatives transactions

a

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VND 2,700/ contract

b

Government bond futures contracts

VND 4,500/ contract

II

PRICES OF SERVICES RENDERED BY VSD

4

Registration as clearing members

Free of charge

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Positions management

VND 2,550/ contract/ account/ day

7

Margins management

0.0024% of accrued value of margin account balance (cash + value of securities calculated according to the face value)/ account/ month (not exceeding VND 1,600,000/ account/ month but not lower than VND 320,000/ account/ month)

Article 2. Implementation

1. This Circular comes into force from March 19, 2020 to the end of August 31, 2020. After August 31, 2020, prices of securities-related services rendered by Stock Exchanges and VSD shall be collected according to the Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance. Based on the progression of the Covid-19 pandemic, the Minister of Finance shall consider deciding to lengthen the effective period of this Circular.

2. Based on the service prices in Article 1 hereof, providers of securities-related services prescribed in Article 2 of the Circular No. 128/2018/TT-BTC dated December 27, 2018 of the Minister of Finance shall stipulate prices of securities-related services rendered by securities trading organizations and commercial banks engaging in Vietnam’s securities market and consider reducing such service prices for the purpose of assisting organizations and individuals adversely affected by the Covid-19 pandemic in conformity with the actual provision of services, regulations of the Pricing Law and relevant laws.

3. Other relevant contents which are not prescribed in this Circular shall be governed according to Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance.

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MINISTER





Dinh Tien Dung

Thông tư 14/2020/TT-BTC sửa đổi Thông tư 127/2018/TT-BTC quy định về giá dịch vụ trong lĩnh vực chứng khoán áp dụng tại Sở giao dịch chứng khoán và Trung tâm lưu ký chứng khoán Việt Nam nhằm hỗ trợ các tổ chức, cá nhân liên quan chịu ảnh hưởng do dịch Covid-19 do Bộ trưởng Bộ Tài chính ban hành