Fees for certificates of trading derivative securities is 10 million VND?

07:57 | 03/11/2016 Regulations Follow english.haiquanonline.com.vn on

VCN - The Ministry of Finance is drafting a circular prescribing the ratesand regulations concerning collection, management and use of charges and fees in the field of securities. Accordingly, in order to be granted a license for establishment and operation of a Securities companies it will cost 30 million VND.

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fees for certificates of trading derivative securities is 10 million vnd

Fees for granting operation license of Securities companies will be 20 million VND/ license

.Photo: Internet

Draft Circular prescribing the rates, regulations of collection, payment, management and use of management fees and Securities supervision activities states; licensing fees for operations in the field of securities apply at the State Securities Commission of Vietnam. Currently, regulating the amount, mode of collection, management and use of charges and fees in the securities field applied at the State Securities Committee under the provisions of Circular No. 67/2014 / TT BTC issued by the Ministry of Finance. In the draft circular, a number of expressions of charges and fees in the securities field hasnot changedmuch.

Specifically, fees for licenses to establish and operate a securities company remain at the old fee includes: Brokers are 20 million VND/ license; proprietary dealings are 60 million VND/ license; Underwriting is 100 million VND/ license; Securities investment consulting is 20 million VND / license. Licensing fees for the company operation in management of securities investment funds, securities investment companies remained as in the old regulations is 30 million VND/ license.

Certification fee for operation of open funds, ETF, closed-end funds, real estate investment funds, public funds of 30 million VND/ certificate.

Certification fee for operation of member fund is 20 million VND/ certificate.

Elimination of annual management fees for ETF certificates

Certification fee for branch operations of securities companies, fund management companies for domestic securities investment; Certificates of establish branches in foreign countries; Certificate of foreign investment is 10 million VND / certificate.

The fee for a license of branch operations of securities companies, fund management companies investing in foreign securities in Vietnam is 20 million VND / license. The Draft Circular adds some new fees and charges, such as: Fees for certificates of eligible derivative securities business (10 million VND / certificate);Fees for certificates eligible to provide balance and payment transactions services for securities derivative (2 million VND / certificate); appraising fee for securities practice conditions and standards for individual practice in securities companies, securities investment fund management companies and securities investment companies including grant or renew the practicing certificate (1 million VND / grant).

The Ministry of Finance is currently taking opinions on the draft at the Electronic Portal of the Ministry.

By Thuy Linh / Hoang Nam

Thuy Linh / Hoang Nam

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