Registration of Trading Unlisted Securities – Vietnam Law Insight

Circular 180/2015/TT-BTC on Registration of trading of unlisted securities on the trading system

Circular No. 180/2015/TT-BTC on Registration of trading of unlisted securities on the trading system (“UpCom”) was issued on 13 November 2015 by the Ministry of Finance (“Circular 180”) to replace Circular 01/2015/TT-BTC.

In comparison with Circular 01/2015/TT-BTC, timeline for trading registration has been shortened under the Circular 108. In particular:

  • Public companies: 30 days as from the date of SSC’s letter officially verifying the register of public companies
  • Issuing companies which have not been listed: 30 days as from the completion date of the share public offering
  • Delisted companies: 10 days as from the effective date of delisted.
  • Merged companies established from listing companies but unqualified to be listed: 6 months as from the date of enterprise registration certificate.

Within one year as of the effective date of this Circular 180, which is 1 January 2016, companies including public companies and delisting public companies are required to complete procedure to register securities transaction on UpCom system.

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