Regulatory Alerts2010-03-25 | 43/2010/TT-BTCAdded · Updated
Circular 43/2010/TT-BTC amending the regulations on securities registration, depository, clearing and settlement
The Ministry of Finance amends the 2007 regulations on securities registration, depository, clearing, and settlement by renaming the Securities Depository Center to Vietnam Securities Depository (VSD) and updating technical and operational requirements for depository members, clearing banks, and settlement processes. The circular establishes specific rules for ownership transfers outside the trading system, mandates daily reconciliation of client account balances by depository members, and sets a 10% cap on compensation for losses arising from cancelled transactions. These amendments take effect 45 days after signing, with a three-month grace period for depository members to upgrade systems and procedures.
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