The Ministry of Finance has issued Circular No. 67/2014/TT-BTC dated May 21, 2014, on levels of fees, as well as collection, payment, management, and use of fees on stock activities.
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The Ministry of Finance has issued Circular No. 67/2014/TT-BTC dated May 21, 2014, on levels of fees, as well as collection, payment, management, and use of fees on stock activities.
Fee payers are organizations and individuals who use the services enumerated in the table of fee levels enclosed with this Circular. In case of certificate of registration for fund certificate distribution activities, fee payers are commercial banks and insurers registering for fun certificate distribution.
The fee for brokerage is VND20 million per license; proprietary trading, VND60 million/license; issue guaranty, VND100 million/ license; the fee for licensing of establishment and operation of securities investment fund management companies, securities investment companies, VND30 million per license.
The fee for granting decision on approval for establishment of securities company branches, domestic securities investment fund management companies, licensing of establishment and operation of securities companies’ branches, foreign securities investment fund management companies in Viet Nam is VND10 million/license.
Management fee of unlisted public companies for transactions, annual management fee for open ended fund, Exchange Traded Fund is VND 10 million/ year/company/ or fund.
The Circular takes effect since January 1, 2017.
(Source:VGP)
