Regulatory Alerts2020-11-16 | 98/2020/TT-BTCAdded · Updated
Circular 98/2020/TT-BTC: Guidelines on Operation and Management of Securities Investment Funds
The Ministry of Finance of Vietnam promulgated Circular 98/2020/TT-BTC to establish comprehensive guidelines for the operation and management of various securities investment funds. The regulation defines key terms, outlines the roles of fund management companies, custodian banks, and authorized participants, and mandates strict asset segregation to protect investor capital. It further specifies operational requirements including portfolio investment limits, net asset value determination, profit distribution procedures, and allowable fund expenses.
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