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.