The Ministry of Finance has just issued Circular No. 30/2023/TT-BTC guiding the registration, trading and organization of the trading market for privately offered corporate bonds in the domestic market, which will take effect from July 1. Accordingly, investors purchasing bonds must comply with the provisions of Decree 65/2022 issued by the Government, including signing a document confirming that they have complied with the regulations and must take responsibility for their decisions.
Investors who already have a securities account can use it to trade individual corporate bonds.
Specifically, Decree 65/2022 clearly stipulates that investors must sign a document confirming that they have fully accessed the information disclosure of the issuing enterprise; clearly understand the conditions, terms of the bond and other commitments of the issuing enterprise before deciding to buy and trade bonds. At the same time, investors must clearly understand the risks arising from investing and trading bonds; clearly understand and ensure compliance with the regulations on investors and trading of individual corporate bonds as prescribed in this Decree and relevant laws. At the same time, investors must self-assess, take responsibility for their investment decisions and bear the risks arising from investing and trading bonds. The State does not guarantee that bond-issuing enterprises will fully and timely pay interest and principal of bonds when due and other rights for investors buying bonds.
Investors must also be responsible for their decision to purchase corporate bonds after signing this confirmation document. The confirmation document must follow the form specified in Appendix V issued with Decree No. 65/2022/ND-CP and must be kept in the offering dossier when issuing bonds or at the securities company where the investor conducts bond transactions in accordance with the law.
The determination of a professional securities investor as an individual is also carried out in accordance with the regulation that the listed securities portfolio, registered for trading held by the investor must have a minimum value of VND 2 billion, determined by the average daily market value of the securities portfolio in the minimum period of 180 consecutive days before. The determination of a professional securities investor is valid for 3 months from the date of confirmation.
Also according to the guidance of the Ministry of Finance, investors must open a separate corporate bond trading account or be allowed to use an existing securities trading account to conduct individual corporate bond transactions...
According to information from the Ministry of Finance, a corporate bond trading floor will be launched in July, thereby increasing market liquidity, facilitating transactions, and thereby rebuilding investor confidence in the corporate bond market.
Source: https://thanhnien.vn/nha-dau-tu-phai-ky-giay-xac-nhan-tu-chiu-trach-nhiem-khi-mua-trai-phieu-185230619100820003.htm
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