Chapter VI
IMPLEMENTATION PROVISIONS
Article 29.- Re-registration of organizations engaged in securities activities before the effective date of this Decree
1. Organizations listed at the Ho Chi Minh City Securities Trading Center before the effective date of this Decree, which fail to fully satisfy the conditions for listing at the Stock Exchange specified in this Decree, shall adjust themselves to fully satisfy the conditions for listing at the Stock Exchange within 2 years after the effective date of this Decree. Past that time limit, if they still fail to fully satisfy the conditions for listing at the Stock Exchange, they shall switch to list at the Securities Trading Center.
2. Securities companies and fund management companies that have been granted securities business licenses but fail to fully satisfy the condition on legal capital specified in this Decree shall carry out the procedures for increase of capital within 2 years after the effective date of this Decree.
3. Fund management companies that wish to perform the operation of portfolio management shall carry out the procedures for renewal of their establishment and operation licenses under the Finance Ministry's guidance within 90 days after the effective date of this Decree.
4. Representative offices of foreign securities companies or fund management companies that have been operating under representative office establishment licenses granted by an agency other than the State Securities Commission before the effective date of this Decree shall carry out the procedures for re-registration with the State Securities Commission within one year after the effective date of this Decree.
5. Securities business practice certificates granted before the effective date of the Law on Securities, which are still valid for more than 6 months, shall be changed to the new certificate form.
Article 30.- Effect of the Decree
This Decree takes effect 15 days after its publication in "CONG BAO." All previous regulations which are contrary to this Decree are annulled.
Article 31.- Organization of implementation
1. The Finance Ministry shall guide the implementation of this Decree.
2. Ministers, heads of ministerial-level agencies, heads of government-attached agencies and presidents of People's Committees of provinces or centrally run cities shall implement this Decree.