Nội dung toàn văn Decision No. 127/1999/QD-BTC of October 22, 1999, promulgating the bracket of charges and fees applicable to securities market activities.
THE MINISTRY OF FINANCE | OF |
No.127/1999/QD-BTC | , October 22, 1999 |
DECISION
PROMULGATING THE BRACKET OF CHARGES AND FEES APPLCABLE TO SECURITIES MARKET ACTIVITIES
THE MINISTER OF FINANCE
Pursuant to the Government's Decree No.15/CP of March 2, 1993 on the tasks, powers and State management responsibilities of the ministries and ministerial-level agencies;
Pursuant to the Government's Decree No.178/CP of October 28, 1994 on the tasks, powers and organizational structure of the Ministry of Finance;
Pursuant to the Government's Decree No.04/1999/ND-CP of January 30, 1999 on the fees and charges belonging to the State budget;
Pursuant to the Government's Decree No.48/1998/ND-CP of July 11, 1998 on securities and securities market;
After consulting the State Securities Commission (in Official Dispatch No.141/UBCK of October 14, 1999);
At the proposal of the General Director of Tax,
DECIDES
Article 1< p="">
Article 2. The agency(ies) collecting the charges and fees for the State management over securities market activities shall carry out the registration, declaration and payment of fees with the tax authorities of localities where such fees are to be collected according to provisions of the Ministry of Finance's Circular No.54/1999/TT-BTC of May 10, 1999 guiding the Government's Decree No.04/1999/ND-CP of January 30, 1999 on the fees and charges belonging to the State budget.
Article 3. Organizations and individuals engaged in securities market activities shall have to pay charges and fees stipulated in this Decision
Article 4. The agency(ies) collecting charges and fees for securities activities may deduct 10% of the collected charge and fee amount to cover the collection-organizing expenses according to provisions at Point 5.b, Section III of the Ministry of Finance's Circular No.54/1999/TT-BTC of May 10, 1999. Particularly for the securities trading centers, the deduction levels shall comply with the provisions at Point 3c, Section II of the Ministry of Finance's Circular No.10/1999/TT-BTC of January 29, 1999 provisionally guiding the financial management regime applicable to the Securities Trading Centers.
Article 5. This Decision takes effect 15 days after its signing.
Article 6. Organizations and individuals liable to pay charges and fees for securities activities, units tasked by the State Securities Commission to organize the collection of charges and fees, and the concerned agencies shall have to implement this Decision.
| FOR THE MINISTER OF FINANCE |
APPENDIX 1
THE BRACKET OF FEES FOR GRANTING OF LICENSES FOR SECURITIES ISSUANCE, LICENSES FOR SECURITIES TRADING AND
(Promulgated together with the Finance Minister's Decision No.127/1999/QD-BTC of October 22, 1999)
Ordinal number | Fees to be collected | Fee levels | Notes |
1 | Fee for granting of share issuance license | 0.02 of the total value of to be-issued shares, but must not exceed VND50 million |
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2 | Fee for granting of bond issuance license | 0.02 of the total value of to be-issued bonds, but must not exceed VND50 million |
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3 | Fee for granting of permit for re-registration of shares and bonds | 0.02 of the total value of to be-re-registered shares and bonds, but must not exceed VND50 million |
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4 | Fee for granting of operation license to securities firm | 0.2% of such firm's legal capital |
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5 | Fee for granting of operation license to fund managing company | 0.2% of such company's legal capital |
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6 | Fee for granting of operation license to branch of foreign investment fund managing company | 0.2% of such branch's legal capital |
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7 | Fee for granting of license for setting up securities investment operation | 0.02 of the total value of issued certificates, but must not exceed VND50 million |
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8 | Fee for granting of license for securities custody operation | VND6,000,000 | (Comm-only applicable to custody banks) |
9 | Fee for granting of license for operating of representative office of foreign securities trading organization in | VND1,000,000 |
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10 | Fee for granting of practitioner's license to individual trading in securities and/or providing securities and fund management services | VND1,000,000 |
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APPENDIX 2
THE BRACKET OF CHARGES AND FEES APPLICABLE TO ACTIVITIES CONDUCTED AT SECURITIES TRADING
(Promulgated together with the Finance Minister's Decision No.127/1999/QD-BTC of October 22, 1999)
Ordinal number | Charges and fees to be collected | Fee levels | Notes |
1 | Trading membership fee | VND50 million | (Collected in lump-sum when a member is admitted) |
2 | Equipment system use charge | VND20 million each terminal equipment | On the basis of the quantity of terminals and peripheral devices used by members |
3 | Charges for trading |
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3.1 | Shares and investment fund certificates | 0.1 of traded value |
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3.2 | Bonds | 0.075% of trade value |
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4 | Securities re-listing charge | 0.04% of value of to be-relisted securities | Not applicable to Government bonds |
5 | Annual listing management charge |
| Not applicable to Government bonds |
5.1 | For a listed value of less than VND10 billion | VND15 million |
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5.2 | For a value of from VND10 to VND30 billion | VND20 million |
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5.3 | For a listed value of over VND30 to VND0 billion | VND25 million |
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5.4 | For a listed value of over VND50 billion | VND30 million |
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6 | Securities registration charge | 0.075% of value of registered securities |
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7 | Custody membership fee | VND20 million | Applicable to all domestic and foreign custody banks |
8 | Share depositing charge | VND80/1 share lot | 1 lot = 100 shares |
9 | Share withdrawing charge | VND160/1 share lot | 1 lot = 100 shares |
10 | Share via-account transfer charge | VND80/1 share lot | 1 lot = 100 share |
11 | Share custody charge | VND3/share lot/day | 1 lot = 100 share |
12 | Bond consigning charge | VND3/unit | unit = VND100,000 |
13 | Bond withdrawing charge | VND6/unit | unit = VND100,000 |
14 | Via-account bond transfer charge | VND3/bond unit | unit = VND100,000 |
15 | Bond custody charge | VND20/unit) | unit = VND100,000 (To be collected every six months). |
