THE PROCESS OF APPROVING INDIVIDUAL BOND TRANSACTIONS AT THE VIETNAM STOCK EXCHANGE MUST BE CONDUCTED SIMULTANEOUSLY WITH THE PROCESS OF REVIEWING AND APPROVING THE REGISTRATION FOR BOND TRADING CONNECTIVITY AT THE HANOI STOCK EXCHANGE

Conditions

Ordinary trading members

Special trading members

Subject-related conditions

- Securities companies that are clearing members or custody members with a clearing delegation contract, settling with the common clearing member;

- In the case of registering as a trading member for debt instruments, the securities company must be a custody member and be licensed to conduct full securities business activities as prescribed in Article 72, Clause 1 of the Securities Law.

- Commercial banks and branches of foreign banks with paid-up charter capital equal to or greater than the prescribed capital level and not subject to special control under the provisions of the law on credit institutions, except for commercial banks and branches of foreign banks opening direct accounts at the Vietnam Securities Depository and Clearing Corporation according to regulations;

- They are also members of custody or organizations opening direct accounts at the Vietnam Securities Depository and Clearing Corporation, except for commercial banks and branches of foreign banks opening direct accounts at the Vietnam Securities Depository and Clearing Corporation according to regulations.

Information technology infrastructure conditions

- Have an information technology system that meets the prescribed requirements;

- Have means to provide individual corporate bond trading information to serve investors;

- Have an electronic information page to ensure the disclosure of information as required.

- Having an information technology system that meets regulations;

- Having a website to ensure the implementation of information disclosure in accordance with regulations.

Business process conditions

Have procedures and instructional documents for trading individual corporate bonds.

No specified.

Personnel conditions

Have at least 02 information technology personnel with a university degree or higher in information technology and meet the following requirements:

- The head of the information technology department must have at least 01 year of experience in the field of information technology.

- Information technology employees must have relevant professional certificates for each position, such as network system administration, operating system administration, information technology system security, and database administration.

Have at least 02 information technology personnel with a university degree or higher in information technology, and information technology employees must have relevant professional certificates for each position, such as network system administration, operating system administration, information technology system security, and database administration.

Step

Procedure name

Contents

Implementing Unit

Deadline for settlement

Step 1

Apply

Submit 2 sets of documents simultaneously:

1. A dossier of membership registration to the VET; and

2. Dossier of registration for connection of bond transactions to the Hanoi Stock Exchange

Registrar

Step 2

Review your profile

1. Review the application

2. Issue notice of modification and supplementation of dossiers (if necessary)

Vietnam Department of Education

Hanoi Department of Education and Education

7 working days from the date of receipt of the application      

Step 3

Amending and supplementing dossiers

Amending and supplementing dossiers           

Registrar

60 days from the date of receipt of the notice

Step 4

Review your profile

Hanoi Department of Education and Education shall consider the dossier of registration for bond connection amended and supplemented and send a report to the VET

Vietnam Department of Education and Education shall consider membership registration dossiers

Hanoi Department of Education and Vietnam Department of Education

In 3 working days.

Step 5

Issue written requirements and instructions for completing facilities and technical systems

VB requires the registration organization to:

1. Improve facilities,install systems, connect software for transmitting transaction data and testing the system to Hanoi Stock Exchange (if any);

2. Hanoi Department of Education and Education shall guide the registering organization to update technical parameters and systems in the connection registration dossier and assist the registering organization in completing the procedures.

Vietnam Department of Education

Hn Department of Education

3 working days from the date of receipt of valid dossiers and reports of Hanoi Department of Education and Education

Step 6

Complete facilities and technical systems

+ Coordinate with Hanoi Department of Education and Education to complete material  foundations and technical systems as required;

+ Update the registrationdossier for connecting individual corporate bond transactions according to the instructions of the Hanoi Department of Education and Education to the Vietnam Stock Exchange

Registrar

30 days from the date of receipt of the document from the Vietnam Department of  Education and Education

Step 7

Test Plan Notification

Vietnam Department of Education and Education announces about:

1. Plan for inspection of material and technical foundations in the following cases:

- Register online transaction connection;

- Register  remote trading connection and use a new workstation to connect transactions to Hanoi Stock Exchange;

2. Plan for remote inspection and assignment  of Hanoi Stock Exchange  to inspect remotely in case only remote transaction connection is registered and uses workstations approved by Hanoi Stock Exchange  to  connect remote transactions on listed stock markets, transaction registration and debt instrument markets.

Vietnam Department of Education

Within 05 working days from the date of receipt of the notice of the registration organization and the report of the Hanoi Department of Education and Education on the completion of the requirements as prescribed  by the registration organization

Step 8

Conduct an inspection

Conduct an inspection

Vietnam Department of Education

Hanoi Department of Education and Education

Theo kế hoạch

Step 9

Register the official trading day

Inorder to combine satisfactory test results, registered members complete:

- Register to use the Electronic Information Disclosure System;

- Sign an information supply contract;

- Register the official trading day on the Hanoi Stock Exchange.

Registrar

Within0.5 working days from the date  of receipt of the  notice of the Vietnam Department of Education and Education;

Step 10

Membership approval decision

1. The Vietnam Department of Education and Education shallissue a decision approving the membership.

2. Hanoi Stock Exchange shall issue written approval  for transaction connection

Vietnam Department of Education

Hanoi Department of Education and Education

Within 03 working days from the date the registration organization completes the required procedures.