Chapter IV
IMPLEMENTATION CLAUSE
Article 10. Effect
1. This Decree comes into force from August 06, 2021.
2. After VNX and VSDCC are established and start official operation according to the 2019 Law on Securities, their financial management and performance assessment shall be carried out in accordance with regulations herein; Articles 9, 10, 11, 12, Clause 3 Article 13 and the phrases “Sở Giao dịch chứng khoán, Trung tâm Lưu ký Chứng khoán Việt Nam” (“Stock Exchange, Vietnam Securities Depository”) and “Sở Giao dịch chứng khoán và Trung tâm Lưu ký Chứng khoán Việt Nam” (“Stock Exchange and Vietnam Securities Depository”) in Articles 1, 2, 13, 15, 16, 17 of the Government’s Decree No. 122/2017/ND-CP dated November 13, 2017 are abrogated.
Article 11. Transition
1. Stock Exchanges and Securities Depository Centers that are organized and operating under the Law on Securities No. 70/2006/QH11, as amended in the Law No. 62/2010/QH12, shall continue complying with regulations on financial management and performance assessment laid down in the Government’s Decree No. 122/2017/ND-CP dated November 13, 2017 until VNX and VSDCC starts their operation as prescribed in the Law on Securities No. 54/2019/QH14 dated November 26, 2019, except the provisions in Clause 3 of this Article.
2. Hanoi Stock Exchange (HNX) and Ho Chi Minh Stock Exchange (HSX) shall record balances of compensation funds for members as at December 31, 2020 as their other incomes and follow procedures for payment of corporate income tax on such incomes in accordance with regulations of law.
3. With regard to balances of operational risk management fund and fund for prevention of derivatives settlement risks of Vietnam Securities Depository:
a) Vietnam Securities Depository shall comply with Clause 15 Article 310 of the Government’s Decree No. 155/2020/ND-CP dated December 31, 2020;
b) Before VSDCC starts to operate under regulations of the Law on Securities No. 54/2019/QH14, Vietnam Securities Depository shall include contributions made to the operational risk management fund, as prescribed in Point a Clause 2 Article 5 hereof, in its expenses when determining its taxable incomes.
Article 12. Responsibility for implementation
Minister of Finance, Boards of Members and General Directors of VNX and of VSDCC, and relevant organizations and individuals are responsible for the implementation of this Decree.
Tìm kiếm
Nghị định 59/2021/NĐ-CP (Bản Word)
Nghị định 59/2021/NĐ-CP (Bản Pdf)