On December 31, 2013, the Ministry of Finance issued the Circular No. 216/2013/TT-BTC amending the Circular No. 38/2011/TT-BTC dated March 16, 2011 of the Ministry of Finance regulations of the rate, collection-payment regime, management and use of fees from securities operations applying with security service organizations
Accordingly, instead of the subjects to submit the Charge for service of preserving and supervising the assets like Securities Investment Companies and Securities Investment Funds as before, this Circular points out clearly that the subjects of charging are Closed Funds, Member Funds, Securities Investment Companies. And the collection rate is below or equal to 0.15% of the value of the supervised asset. In particular, the Circular supplements the regulations that service of preserving and supervising the assets of Open Fund shall conduct collection under agreed price.
Apart from these contents, other contents related to charges of securities activity applied at security service organizations not mentioned in this Circular shall still comply with provisions in the Circular No. 38/2011/TT-BTC dated 16/3/2011 of the Ministry of Finance.
This Circular takes effect on February 15, 2014
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