Circular No. 70/2020/TT-BTC of the Ministry of Finance dated July 17, 2020 on extension of effective period of the Circular No.14/2020/TT-BTC
On July 17th, 2020, Ministry of Finance issued the Circular No. 70/2020/TT-BTC on extension of effective period of the Circular No.14/2020/TT-BTC on amendments to the Circular No.127/TT-BTC prescribing prices of securities-related services rendered by stock exchanges and Vietnam Securities Depository for the purpose of assisting organizations and individuals facing difficulties amid covid-19 pandemic.
Previously, on March 18, 2020, the Ministry of Finance issued Circular 14/2020/TT-BTC amending the Circular No. 127/2018/TT-BTC regulating service prices applied to securities activities performed at the Stock Exchange and Vietnam Securities Depository Center.
The Circular sets out regulation on amendments which are aimed at exemption or reduction of fees or charges for 15 securities services from March 19, 2020 and in effect till August 31, 2020, including the followings:
- Reduction in prices of 3 securities services such as trades or transactions on underlying or derivative securities exchanges; securities depository services.
- Exemption of fees for registration of the initial listing of securities.
For the time being, in order to support organizations and individuals affected by COVID-19, the Ministry of Finance decides to extend application of the Circular No. 14/2020/TT-BTC to end of June 30, 2021. The Circular No.70/2020/TT-BTC enters into force on August 31, 2020