Vietnam: Periodic reports and time limits of periodic reports of the fund management company

According to Article 29 of the Circular No. 99/2020/TT-BTC of the Ministry of Finance of Vietnam, the fund management company shall send the following periodic reports to the State Securities Commission of Vietnam (SSC) as follows:

- Monthly and annual reports on operations of the fund management company which are made according to the form in Appendix VI enclosed with the Circular No. 99/2020/TT-BTC;

- Monthly reports on management of investment portfolios of the fund management company, which must bear the certification of the depository bank where the fund management company opens depository account, certification of the depository member where the trustor’s account is opened, or certification of the foreign depository institution, and made according to the form in Appendix VII enclosed with the Circular No. 99/2020/TT-BTC;

- Biannual and annual reports on risk management of the fund management company which are made according to the form in Appendix VIII enclosed with the Circular No. 99/2020/TT-BTC;

- Reports on annual internal audit and reports on annual internal control of the fund management company;

- Quarterly financial statements; reviewed semi-annual financial statements, annual financial statements audited by approved audit organizations of the fund management company, which are made according to regulations of the law on accounting regarding fund management companies;

- The periodical reports mentioned in Clauses 1 of Article 29 of the Circular No. 99/2020/TT-BTC shall be sent within the following time limits:

+ Monthly reports: within 05 working days from the end of the reporting month;

+ Quarterly reports: within 20 days from the end of the reporting quarter;

+ Biannual reports: within 45 days from the end of the first six months;

+ Annual reports: within 90 days from the end of the reporting year.

- The closing dates of the periodical reports:

+ A monthly report shall include data from the first day to the last day the reporting month (except data reflected at a given time);

+ A quarterly report shall include data from the first day to the last day the reporting quarter (except data reflected at a given time);

+ A biannual report shall include data from January 01 to June 30 of the reporting period (except data reflected at a given time);

+ A annual report shall include data from January 01 to December 31 inclusively of the reporting year (except data reflected at a given time);

+ The reporting period of a fund management company whose operating period is less than a reporting period shall commence from the issue date of its securities trading license to the last day of the reporting period as prescribed in Points a, b, c and d of this Clause.

Form of reports: physical or in electronic form

More details at the Circular No. 99/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2021.

Le Thanh

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