chnh ph

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cng ho x hi ch ngha vit nam c lp - T do - Hnh phc

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S : 144/2003/N-CP

TH.300b

H Ni, ngy 28 thng 11 nm 2003

ngh nh ca Chnh ph V chng khon v th trng chng khon

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Chnh ph

Cn c Lut T chc Chnh ph ngy 25 thng 12 nm 2001; Nhm to mi trng thun li cho vic pht hnh v kinh doanh chng khon, khuyn khch vic huy ng cc ngun vn di hn trong nc v nc ngoi, m bo cho th trng chng khon hot ng c t chc, an ton, cng khai, cng bng v hiu qu, bo v quyn, li ch hp php ca ngi u t; Theo ngh ca Ch tch y ban Chng khon Nh nc,
Ngh nh :

Chng I
Quy nh chung

iu 1. Phm vi iu chnh Ngh nh ny quy nh vic pht hnh chng khon ra cng chng, nim yt, kinh doanh, giao dch chng khon v cc hot ng, dch v v chng khon v th trng chng khon trn lnh th nc Cng ho x hi ch ngha Vit Nam. Vic pht hnh tri phiu Chnh ph, tri phiu chnh quyn a phng, chng khon ca cc t chc tn dng, c phiu ca doanh nghip nh nc khi c phn ha v c phiu ca doanh nghip c vn u t nc ngoi khi chuyn i sang hot ng theo hnh thc cng ty c phn khng thuc phm vi iu chnh Ngh nh ny.

iu 2. Nguyn tc hot ng ca th trng chng khon Cc hot ng pht hnh chng khon ra cng chng, nim yt, giao dch, kinh doanh, dch v chng khon v cc hot ng c lin quan khc phi m bo nguyn tc cng khai, cng bng v minh bch, bo v quyn v li ch hp php ca nh u t. iu 3. Gii thch thut ng 1. Chng khon l chng ch hoc bt ton ghi s, xc nhn cc quyn v li ch hp php ca ngi s hu chng khon i vi ti sn hoc vn ca t chc pht hnh, gm : a) C phiu; b) Tri phiu; c) Chng ch qu u t chng khon; d) Cc loi chng khon khc theo quy nh ca php lut. 2. Chng quyn l loi chng khon c pht hnh km theo tri phiu hoc c phiu u i, cho php ngi nm gi chng khon c quyn mua mt khi lng c phiu ph thng nht nh theo mc gi c xc nh trc trong thi k nht nh. 3. Quyn mua c phn l loi chng khon ghi nhn quyn dnh cho cc c ng hin ti ca mt cng ty c phn c mua trc mt s lng c phn trong t pht hnh c phiu ph thng mi tng ng vi t l c phn hin c ca h trong cng ty. 4. C phiu qu l loi c phiu pht hnh v c t chc pht hnh mua li trn th trng chng khon. 5. C phiu thng l loi c phiu c pht hnh bng ngun li nhun li hoc cc ngun vn ch s hu hp php khc ca cng ty c phn pht khng cho cc c ng hin ti tng ng vi t l c phn hin c ca h trong cng ty.

6. T chc pht hnh l t chc ng k pht hnh chng khon ra cng chng theo quy nh ca Ngh nh ny. 7. Pht hnh chng khon ra cng chng l vic cho bn mt t chng khon c th chuyn nhng c thng qua t chc trung gian cho t nht 50 nh u t ngoi t chc pht hnh. 8. Bn co bch l bn thng co ca t chc pht hnh v tnh hnh ti chnh, hot ng kinh doanh v phng n s dng s tin thu c t vic pht hnh nhm cung cp thng tin cho cng chng nh gi v a ra cc quyt nh u t chng khon. 9. Nim yt chng khon l vic a cc chng khon c tiu chun vo ng k v giao dch ti th trng giao dch tp trung. 10. T chc nim yt l t chc pht hnh c php nim yt chng khon ti th trng giao dch tp trung theo quy nh ca Ngh nh ny.

11. Mi gii chng khon l hot ng trung gian hoc i din mua, bn chng khon cho khch hng hng ph. 12. T doanh chng khon l vic cng ty chng khon mua v bn chng khon cho chnh mnh. 13. Qun l danh mc u t chng khon l hot ng qun l vn ca khch hng thng qua vic mua, bn v nm gi cc chng khon v quyn li ca khch hng. 14. Bo lnh pht hnh chng khon l vic t chc bo lnh gip t chc pht hnh thc hin cc th tc trc khi cho bn chng khon, nhn mua mt phn hay ton b chng khon ca t chc pht hnh bn li hoc mua s chng khon cn li cha c phn phi ht. 15. T vn ti chnh v u t chng khon l dch v m cng ty chng khon, cng ty qun l qu cung cp cho khch hng trong lnh vc u t chng khon, ti c cu ti chnh, chia, tch, st nhp, hp nht doanh nghip v h tr doanh nghip trong vic pht hnh v nim yt chng khon. 16. Phn phi chng khon l vic bn chng khon thng qua i l hoc bo lnh pht hnh trn c s hp ng. 17. i l pht hnh chng khon l cc cng ty chng khon, t chc tn dng, t chc tn dng phi ngn hng nhn bn chng khon cho t chc pht hnh trn c s tho thun hoc thng qua t chc bo lnh pht hnh chnh. 18. Vn kh dng l vn bng tin v chng t c gi c kh nng chuyn i thnh tin mt trong vng 30 ngy p ng kh nng tr n v d phng ri ro ca cng ty chng khon trong cng thi hn. 19. Qu u t chng khon l qu hnh thnh t vn gp ca ngi u t y thc cho cng ty qun l qu qun l v u t ti thiu 60% gi tr ti sn ca qu vo chng khon. 20. Ngi iu hnh qu l ngi do cng ty qun l qu ch nh trc tip qun l mt Qu u t chng khon.

21. Ti khon lu k chng khon l ti khon s dng hch ton vic gi, rt, chuyn nhng, giao v nhn chng khon. 22. Ngn hng ch nh thanh ton l ngn hng thng mi do y ban Chng khon Nh nc ch nh m ti khon thanh ton cho Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon, S Giao dch Chng khon v thnh vin lu k phc v vic thanh ton tin cho cc giao dch chng khon. 23. i din giao dch l ngi do thnh vin ca Trung tm Giao dch Chng khon c v c Trung tm Giao dch Chng khon chp thun lm i din thc hin nhim v giao dch ti Trung tm. 24. i din ngi s hu tri phiu l php nhn i din cho quyn li ca ch s hu tri phiu c y quyn nm gi tri phiu. 25. C ng ln l c ng nm gi t 5% c phiu c quyn biu quyt ca t chc pht hnh tr ln. 26. Ngi thu tm l t chc, c nhn c nh nm gi hoc cng vi ngi c lin quan c nh nm gi t 25% vn c phn ca mt t chc nim yt tr ln. 27. Bn nc ngoi l ngi nc ngoi hoc t chc c thnh lp theo php lut nc ngoi. 28. Tch, gp c phiu l vic chia nh mt c phn thnh nhiu c phn hoc gp nhiu c phn hin hnh thnh mt c phn. 29. T chc kim ton c chp thun l t chc kim ton c lp c y ban Chng khon Nh nc chp thun kim ton cho t chc pht hnh, t chc nim yt v t chc kinh doanh chng khon. 30. H s hp l l h s c y giy t theo quy nh ca Ngh nh ny, c ni dung ng v theo quy nh ca php lut.

31. Bn sao hp l l bn sao c xc nhn ca c quan cng chng Vit Nam hoc c quan c thm quyn khc theo quy nh ca php lut. 32. Ngi c lin quan l c nhn hoc t chc c quan h vi nhau trong cc trng hp sau y : a) Cng ty m v cng ty con (nu c); b) Cng ty v ngi hoc nhm ngi c kh nng chi phi vic ra quyt nh, hot ng ca cng ty thng qua cc c quan qun l cng ty; c) Cng ty v nhng ngi qun l cng ty; d) Nhm ngi tho thun cng phi hp thu tm phn vn gp, c phn hoc li ch cng ty hoc chi phi vic ra quyt nh ca cng ty; ) B, b nui, m, m nui, v, chng, con, con nui, anh, ch em rut ca ngi qun l cng ty, thnh vin cng ty, c ng c c phn chi phi. Chng II
Pht hnh chng khon ra cng chng

iu 4. ng k pht hnh chng khon ra cng chng Vic pht hnh chng khon ra cng chng phi p ng cc iu kin quy nh ti cc iu 6, 7, 8 v 9 Ngh nh ny v phi ng k vi y ban Chng khon Nh nc. iu 5. Hnh thc, mnh gi chng khon 1. Chng khon pht hnh ra cng chng c th di dng chng ch hoc bt ton ghi s. 2. Chng khon pht hnh ra cng chng c ghi bng ng Vit Nam. 3. Mnh gi c phiu, chng ch qu u t chng khon pht hnh ln u ra cng chng l 10.000 ng Vit Nam. Mnh gi ti thiu ca tri phiu pht hnh ra cng

chng l 100.000 ng Vit Nam v bi s ca 100.000 ng Vit Nam. iu 6. iu kin pht hnh c phiu ln u ra cng chng 1. L cng ty c phn c mc vn iu l gp ti thi im ng k pht hnh c phiu ti thiu 5 t ng Vit Nam. 2. Hot ng kinh doanh ca nm lin trc nm ng k pht hnh phi c li. 3. C phng n kh thi v vic s dng vn thu c t t pht hnh c phiu. 4. Vic pht hnh c phiu ra cng chng c vn thnh lp cng ty c phn mi hot ng trong lnh vc xy dng c s h tng, cng ngh cao khng bt buc phi thc hin quy nh ti khon 1 v 2 iu ny. iu 7. iu kin pht hnh thm c phiu, pht hnh quyn mua c phn hoc chng quyn 1. Vic pht hnh thm c phiu ra cng chng tng vn, pht hnh quyn mua c phn hoc chng quyn ch c thc hin khi t chc pht hnh c phiu ra cng chng c cc iu kin quy nh ti khon 1, 2, 3, iu 6 Ngh nh ny. T chc pht hnh c ng k pht hnh thm c phiu chung cho nhiu t khi c nhu cu huy ng vn lm nhiu t cho cng mt d n. 2. T chc pht hnh c phiu ra cng chng mun pht hnh thm c phiu tr c tc, c phiu thng phi lm th tc ng k vi y ban Chng khon Nh nc. iu 8. iu kin pht hnh tri phiu ra cng chng 1. L cng ty c phn, cng ty trch nhim hu hn, doanh nghip nh nc c mc vn iu l gp ti thi im ng k pht hnh ti thiu l 10 t ng Vit Nam. 2. Hot ng kinh doanh ca nm lin trc nm ng k pht hnh phi c li.

3. C phng n kh thi v vic s dng v tr n vn thu c t t pht hnh tri phiu. 4. Phi c t chc bo lnh pht hnh. 5. T chc pht hnh tri phiu phi xc nh i din ngi s hu tri phiu. iu 9. iu kin pht hnh chng ch qu u t chng khon ra cng chng 1. Vic pht hnh chng ch qu u t chng khon ln u ra cng chng c thc hin ng thi vi th tc xin php lp Qu u t chng khon. 2. Vic pht hnh chng ch qu u t chng khon tng vn ca Qu u t chng khon phi c y ban Chng khon Nh nc chp thun. iu 10. H s ng k pht hnh 1. H s ng k pht hnh c phiu ln u ra cng chng bao gm : a) n ng k pht hnh; b) Bn sao hp l Giy chng nhn ng k kinh doanh ca cng ty; c) iu l cng ty; d) Quyt nh ca i hi ng c ng thng qua vic pht hnh c phiu ra cng chng; ) Bn co bch; e) Danh sch v s yu l lch thnh vin Hi ng qun tr, Ban Gim c, Ban Kim sot; g) Cc bo co ti chnh 02 nm lin tc lin trc nm ng k pht hnh c kim ton; h) Cam kt bo lnh pht hnh (nu c). 2. H s ng k pht hnh thm c phiu bao gm :

a) H s ng k pht hnh thm c phiu ra cng chng tng vn, bao gm vic pht hnh quyn mua c phn hoc chng quyn, phi c cc ti liu quy nh ti im a, d, , e, g v h khon 1 iu ny v cc ti liu quy nh ti im b, c nu c s thay i, b sung ni dung, k t khi np h s pht hnh ln u ra cng chng; b) H s ng k pht hnh thm c phiu chung cho nhiu t, ngoi nhng ti liu quy nh ti im a khon 2 iu ny, phi c thm lch pht hnh tng t c th trong k hoch pht hnh chung, trong nu r s lng, thi gian d kin pht hnh ca tng t. 3. H s ng k pht hnh tri phiu ra cng chng bao gm : a) Cc ti liu quy nh ti im a, b, c, , e, g v h khon 1 iu ny; b) Quyt nh ca Hi ng qun tr thng qua vic pht hnh tri phiu ra cng chng; c) Cam kt thc hin ngha v ca t chc pht hnh i vi ngi u t; d) Hp ng gia t chc pht hnh tri phiu vi i din ngi s hu tri phiu; ) Bin bn xc nh gi tr ti sn bo m hoc Giy chp thun bo lnh thanh ton ca t chc bo lnh trong trng hp pht hnh tri phiu c bo m. 4. T chc ng k pht hnh phi chu trch nhim v tnh hp l ca h s. Trng hp h s np cho y ban Chng khon Nh nc c sai st hoc c nhng s kin mi pht sinh nh hng n ni dung ca h s np, t chc ng k pht hnh phi bo co y ban Chng khon Nh nc sa i, b sung kp thi vo h s. 5. T chc t vn pht hnh, t chc bo lnh pht hnh, t chc kim ton c lp v ngi k bo co kim ton xc nhn bo co ti chnh ca t chc pht hnh phi lin i chu trch nhim v tnh hp l ca h s. iu 11. iu kin thc hin bo lnh pht hnh chng khon ra cng chng

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1. T chc bo lnh pht hnh chng khon ra cng chng phi c Giy php hot ng bo lnh pht hnh v khng phi l ngi c lin quan vi t chc pht hnh. 2. T chc bo lnh ch c php bo lnh pht hnh tng gi tr chng khon khng qu 30% vn t c ca t chc . iu 12. ng k pht hnh Trong thi hn 30 ngy lm vic k t ngy t chc xin ng k pht hnh np h s hp l, y ban Chng khon Nh nc cp chng nhn ng k pht hnh chng khon. Nu t chc pht hnh hoc y ban Chng khon Nh nc pht hin c sai st trong h s, t chc pht hnh phi sa i, b sung h s cho y v ng quy nh; thi im nhn h s c tnh t ngy y ban Chng khon Nh nc nhn c bn sa i, b sung. Trng hp pht hin c sai st hoc khng trung thc trong h s, y ban Chng khon Nh nc c quyn t chi cp chng nhn ng k pht hnh chng khon. iu 13. Thng tin trc khi pht hnh Trong thi gian y ban Chng khon Nh nc xem xt h s ng k pht hnh, t chc ng k pht hnh, t chc bo lnh pht hnh v cc i tng c lin quan ch c s dng trung thc v chnh xc cc thng tin trong Bn co bch gi y ban Chng khon Nh nc thm d th trng, trong phi nu r cc thng tin v ngy pht hnh v gi bn chng khon l thng tin d kin. Vic thm d th trng khng c thc hin trn cc phng tin thng tin i chng. iu 14. Cng b vic pht hnh Trong thi hn 05 ngy lm vic, k t ngy y ban Chng khon Nh nc cp chng nhn ng k pht hnh chng khon, t chc pht hnh c ngha v cng b vic pht hnh trn 01 t bo trung ng hoc 01 t bo a phng ni t chc pht hnh t tr s chnh. iu 15. Phn phi chng khon

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1. T chc pht hnh, t chc i l v t chc bo lnh pht hnh khng c tin hnh phn phi chng khon khi cha thc hin cng b vic pht hnh v cung cp Bn co bch. 2. T chc pht hnh, t chc i l hoc t chc bo lnh pht hnh phi phn phi chng khon mt cch cng bng v phi m bo thi hn ng k mua chng khon cho ngi u t ti thiu l 15 ngy lm vic. Trng hp s lng chng khon ng k mua vt qu s lng chng khon c php pht hnh th t chc pht hnh hoc t chc bo lnh pht hnh phi bn ht s chng khon nhn bo lnh cho ngi u t tng ng vi t l ng k mua. iu 16. Thi hn phn phi 1. T chc pht hnh phi hon thnh t phn phi chng khon trong thi hn ti a l 90 ngy. 2. Trng hp vic phn phi chng khon ra cng chng khng th thc hin theo ng thi hn quy nh ti khon 1 iu ny, y ban Chng khon Nh nc xem xt, quyt nh gia hn cho tip tc phn phi nu t chc pht hnh c ngh bng vn bn. Qu thi gian c gia hn, s chng khon cn li (cha bn ht) khng c pht hnh ra cng chng. iu 17. Thu hi chng nhn ng k pht hnh chng khon 1. Chng nhn ng k pht hnh chng khon b thu hi trong trng hp sau y : a) y ban Chng khon Nh nc pht hin nhng sai st trong Bn co bch c th gy thit hi cho ngi u t nhng t chc pht hnh khng sa i, b sung theo yu cu ca y ban Chng khon Nh nc; b) Kt qu t pht hnh khng t c ti thiu 50 nh u t hoc s lng chng khon thc t pht hnh khng t 80% s lng chng khon c php pht hnh. 2. Sau khi y ban Chng khon Nh nc ra quyt nh thu hi chng nhn ng k pht hnh chng khon, t chc

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pht hnh phi thng bo ngay cho ngi u t bit v phi thu hi cc chng khon pht hnh nu ngi u t c yu cu; ng thi hon tr tin cho ngi u t trong vng 30 ngy, k t ngy chng nhn ng k pht hnh chng khon b thu hi. Qu thi hn ny, t chc pht hnh phi bi thng thit hi cho ngi u t theo cc iu khon cam kt vi ngi u t ph hp vi quy nh ca php lut. iu 18. Ch bo co 1. Trong vng 10 ngy lm vic sau khi kt thc t pht hnh, t chc pht hnh phi bo co y ban Chng khon Nh nc v kt qu t pht hnh v cng b cng khai kt qu t pht hnh. 2. T chc pht hnh phi bo co y ban Chng khon Nh nc nh k 6 thng, nm v tnh hnh ti chnh v hot ng kinh doanh ca doanh nghip. Bo co ti chnh nm phi c xc nhn ca t chc kim ton c chp thun. Trng hp t chc pht hnh s hu t 50% tr ln vn c phn hoc vn gp ca mt t chc khc hoc 50% tr ln vn c phn ca t chc pht hnh do mt t chc khc nm gi th t chc pht hnh phi gi km theo bo co ti chnh ca t chc hoc bo co ti chnh hp nht. 3. T chc pht hnh phi bo co tnh hnh hot ng sn xut, kinh doanh theo yu cu ca y ban Chng khon Nh nc trong trng hp cn thit bo v ngi u t. Chng III
nim yt chng khon

iu 19. Nguyn tc nim yt 1. T chc c chng khon pht hnh ra cng chng mun nim yt chng khon phi c y ban Chng khon Nh nc cp giy php. 2. Mi loi chng khon ch c nim yt ti mt Trung tm Giao dch Chng khon. 3. Vic nim yt c th ti cc Trung tm Giao dch Chng khon do y ban Chng khon Nh nc ngh c quan nh nc c thm quyn quyt nh.

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iu 20. iu kin nim yt c phiu 1. L cng ty c phn c vn iu l gp ti thi im xin php nim yt t 5 t ng Vit Nam tr ln; c tnh hnh ti chnh lnh mnh v hot ng kinh doanh ca 02 nm lin tc lin trc nm xin php nim yt phi c li. 2. i vi doanh nghip nh nc c phn ha v nim yt ngay trn th trng chng khon, hot ng kinh doanh ca nm lin trc nm xin php phi c li. 3. Cc c ng l thnh vin Hi ng qun tr, Ban Gim c, Ban Kim sot ca cng ty phi cam kt nm gi t nht 50% s c phiu do mnh s hu trong thi gian 03 nm, k t ngy nim yt. 4. Ti thiu 20% vn c phn ca cng ty do t nht 50 c ng ngoi t chc pht hnh nm gi. i vi cng ty c vn c phn t 100 t ng Vit Nam tr ln th t l ny ti thiu l 15% vn c phn. iu 21. iu kin nim yt tri phiu 1. L cng ty c phn, cng ty trch nhim hu hn, doanh nghip nh nc c vn iu l gp ti thi im xin php nim yt t 10 t ng Vit Nam tr ln. 2. Hot ng kinh doanh c li 02 nm lin tc lin trc nm xin php nim yt v c tnh hnh ti chnh lnh mnh. 3. C t nht 50 ngi s hu tri phiu. iu 22. Nim yt tri phiu Chnh ph Vic nim yt tri phiu Chnh ph do Trung tm Giao dch Chng khon thc hin trn c s ngh ca t chc pht hnh tri phiu. iu 23. iu kin nim yt chng ch qu u t chng khon Trong vng 30 ngy, k t khi kt thc t pht hnh chng ch qu u t chng khon ra cng chng, Qu u

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t chng khon phi lm th tc ng k nim yt vi y ban Chng khon Nh nc, nu p ng cc iu kin sau y : 1. Qu c tng gi tr chng ch qu u t chng khon (theo mnh gi) pht hnh ti thiu 5 t ng Vit Nam. 2. Ti thiu c 50 ngi s hu chng ch qu u t chng khon. iu 24. H s cp php nim yt c phiu, tri phiu, chng ch qu u t chng khon 1. H s cp php nim yt c phiu : a) n xin cp php nim yt c phiu; b) Quyt nh ca i hi ng c ng, Hi ng qun tr v vic nim yt c phiu; c) S theo di c ng ca t chc xin nim yt; d) Bn sao hp l Giy chng nhn ng k kinh doanh; ) iu l cng ty; e) Bn co bch; g) Danh sch v s yu l lch thnh vin Hi ng qun tr, Ban Gim c, Ban Kim sot; h) Cam kt ca thnh vin Hi ng qun tr, Ban Gim c, Ban Kim sot nm gi t nht 50% s c phiu do mnh s hu theo thi hn quy nh ti iu 20 Ngh nh ny, k t ngy nim yt; i) Cc bo co ti chnh c xc nhn ca t chc kim ton c chp thun. 2. H s xin cp php nim yt tri phiu : a) n xin cp php nim yt tri phiu; b) Quyt nh ca i hi ng c ng, Hi ng qun tr v vic nim yt tri phiu; c) S theo di ch s hu tri phiu ca t chc xin nim yt;

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d) Bn sao hp l Giy chng nhn ng k kinh doanh; ) iu l cng ty; e) Bn co bch; g) Danh sch v s yu l lch thnh vin Hi ng qun tr, Ban Gim c, Ban Kim sot; h) Cc bo co ti chnh c xc nhn ca t chc kim ton c chp thun. 3. H s xin cp php nim yt chng ch qu u t chng khon: a) n xin cp php nim yt chng ch qu u t chng khon; b) Bn sao hp l Giy chng nhn ng k kinh doanh ca cng ty qun l Qu u t chng khon; c) iu l Qu u t chng khon; ; d) Bn co bch; ) Kt qu pht hnh chng ch qu u t chng khon; e) Cam kt ca cc sng lp vin ca Qu v vic khng chuyn nhng chng ch qu u t chng khon m mnh s hu trong 02 nm k t ngy nim yt. 4. Vic lp h s cp php nim yt c phiu, tri phiu phi c t nht 01 cng ty chng khon tham gia t vn v chu trch nhim trong phm vi t vn. iu 25. Trch nhim ca t chc xin php nim yt v cc t chc lin quan 1. T chc xin cp php nim yt phi chu trch nhim v tnh hp l ca h s. Trng hp pht hin h s np cho y ban Chng khon Nh nc cha y , c nhng thng tin khng chnh xc hoc c nhng s kin mi pht sinh nh hng n ni dung ca h s np, t chc xin cp php nim yt phi bo co y ban Chng khon Nh nc sa i, b sung kp thi vo h s xin cp php nim yt.

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2. T chc t vn nim yt, t chc kim ton c chp thun v ngi k xc nhn bo co kim ton bo co ti chnh ca t chc xin cp php nim yt phi lin i chu trch nhim v tnh hp l ca h s xin cp php nim yt theo quy nh ca php lut. iu 26. Thay i nim yt 1. T chc nim yt pht hnh thm c phiu trong mi trng hp phi lm th tc ng k nim yt b sung c phiu theo quy nh ca php lut. 2. T chc nim yt mun tch, gp c phiu phi bo co v ng k nim yt li vi y ban Chng khon Nh nc v cc ni dung lin quan n vic tch, gp c phiu. 3. T chc nim yt thc hin vic tch hoc sp nhp nhng khng thay i php nhn nim yt phi ng k nim yt li vi y ban Chng khon Nh nc. 4. Vic thay i a im nim yt ca cc chng khon ang nim yt ti cc Trung tm Giao dch Chng khon c thc hin theo quy nh ca php lut. iu 27. Chp thun hoc t chi cp php nim yt Trong thi hn 45 ngy, k t ngy nhn h s hp l, y ban Chng khon Nh nc c trch nhim cp php nim yt. Trng hp t chi cp php phi gii thch r l do bng vn bn. iu 28. Ngha v ca t chc nim yt 1. T chc nim yt phi tin hnh th tc nim yt, ng k chng khon c nim yt theo cc quy nh ti Ngh nh ny. 2. T chc nim yt phi cng b vic nim yt t nht 5 ngy lm vic trc khi chng khon c giao dch trn 03 s lin tip ca 01 t bo trung ng hoc 01 t bo a phng ni t chc nim yt t tr s chnh hoc trn bn tin th trng chng khon. Ni dung cng b bao gm : a) Giy php nim yt do y ban Chng khon Nh nc cp;

17

b) Ngy chng khon c php giao dch; c) a im cung cp Bn co bch. 3. T chc nim yt phi thc hin ch bo co theo quy nh ti iu 18 v ch cng b thng tin ti Chng VI Ngh nh ny. 4. T chc nim yt phi np ph nim yt theo quy nh ca php lut. iu 29. Hu b nim yt Chng khon nim yt b hu b nim yt khi xy ra mt trong cc trng hp sau y : 1. Chng khon khng cn p ng c cc iu kin nim yt trong thi hn quy nh; 2. T chc nim yt chm dt s tn ti do sp nhp, hp nht, chia, gii th hoc ph sn; 3. T chc nim yt np n xin hu b nim yt v c y ban Chng khon Nh nc chp thun; 4. Cc trng hp khc theo quy nh ca php lut. iu 30. Nim yt li Chng khon b hu b nim yt s c xem xt nim yt li khi p ng cc iu kin quy nh ti cc iu 20, 21 v 23 Ngh nh ny. Chng IV
giao dch chng khon

iu 31. Phng thc giao dch 1. Chng khon nim yt phi c giao dch qua h thng giao dch ti Trung tm Giao dch Chng khon, S Giao dch Chng khon theo phng thc khp lnh v phng thc tho thun. 2. Giao dch chng khon thc hin theo phng thc khp lnh trn nguyn tc u tin v gi v u tin v thi gian.

18

3. Giao dch chng khon nim yt l l c thc hin trc tip gia ngi u t vi cng ty chng khon l thnh vin Trung tm Giao dch Chng khon, S Giao dch Chng khon trn nguyn tc tho thun v gi. iu 32. Chng khon b a vo din kim sot v tm ngng giao dch 1. Chng khon b a vo din kim sot khi xy ra mt trong cc trng hp sau y : a) i vi c phiu, tri phiu nim yt : - T chc kim ton c chp thun khng chp nhn hoc t chi cho kin v cc bo co ti chnh nm ca t chc nim yt; - T chc nim yt vi phm quy nh v cng b thng tin; - T chc nim yt khng chp hnh ng thi hn np bo co nm theo quy nh; - Ti sn rng ca t chc nim yt l s m; - Khng cn p ng iu kin nim yt quy nh ti iu 20 v iu 21 Ngh nh ny; - C phiu, tri phiu doanh nghip khng c giao dch trong vng 90 ngy. b) i vi chng ch qu u t chng khon : - Cng ty qun l qu vi phm quy nh v cng b thng tin; - Cng ty qun l qu khng chp hnh ng thi hn np bo co nm theo quy nh; - Khng cn p ng iu kin nim yt quy nh ti iu 23 Ngh nh ny; - Chng ch qu u t chng khon khng c giao dch trong vng 90 ngy.

19

Chng khon khng cn thuc din kim sot khi cc tnh trng nu ti im a v b khon 1 iu ny c khc phc. 2. Chng khon b tm ngng giao dch khi xy ra mt trong cc trng hp sau y : a) Gi, khi lng giao dch chng khon c bin ng bt thng; b) Tch hoc gp c phiu; c) Vi phm nghim trng v cng b thng tin theo quy nh ca php lut; d) Hot ng kinh doanh ca t chc nim yt b thua l trong 02 nm lin tip; ) Trng hp cn thit bo v li ch ca nh u t hoc m bo hot ng n nh ca th trng. iu 33. Bin dao ng gi Bin dao ng gi giao dch chng khon do Ch tch y ban Chng khon Nh nc quyt nh. iu 34. Giao dch ni b Thnh vin Hi ng qun tr, Ban Gim c, k ton trng, kim sot vin ca cng ty nim yt v ngi c lin quan c nh giao dch c phiu ca chnh cng ty nim yt phi thng bo cho Trung tm Giao dch Chng khon, S Giao dch Chng khon t nht 10 ngy lm vic trc ngy thc hin giao dch. Trng hp c giao dch th phi bo co vi Trung tm Giao dch Chng khon, S Giao dch Chng khon trong thi hn 03 ngy, k t khi giao dch c hon tt v ng thi thng bo cho t chc nim yt bit. iu 35. Giao dch c phiu qu 1. T chc nim yt mua li c phiu ca chnh mnh bng ngun vn hp php hoc bn li c phiu qu phi c y ban Chng khon Nh nc chp thun. 2. T chc nim yt phi kt thc vic mua c phiu ca chnh mnh hoc bn li c phiu qu trong vng 90

20

ngy, k t ngy c chp thun. i vi c phiu mua li ch c bn sau khi nm gi ti thiu 06 thng. iu 36. Giao dch thu tm t chc nim yt 1. T chc, c nhn nm gi hoc cng vi ngi c lin quan nm gi ti cc mc 5%, 10%, 15%, 20% vn c phn ca mt t chc nim yt, mi khi c giao dch lm tng, gim cc mc nm gi ni trn phi bo co bng vn bn cho y ban Chng khon Nh nc, Trung tm Giao dch Chng khon, S Giao dch Chng khon v t chc nim yt trong vng 03 ngy lm vic, k t ngy giao dch t t l s hu trn. 2. Ngi thu tm phi bo co y ban Chng khon Nh nc bng vn bn v nh thu tm. Sau 10 ngy lm vic, k t ngy bo co, nu y ban Chng khon Nh nc khng c kin khc, ngi thu tm phi cng b cho mua cng khai trn 03 s lin tip ca 01 t bo trung ng, 01 t bo a phng hoc trn bn tin th trng chng khon ni t chc nim yt b thu tm ng tr s chnh. Sau khi cng b cng khai, ngi thu tm khng c thay i nh thu tm cng b. 3. Gi cho mua khng c thp hn gi hin hnh ca c phiu nim yt trn th trng trc ngy cho mua. 4. Thi hn cho mua cng khai khng di 30 ngy v khng qu 60 ngy. Trong thi hn cho mua cng khai, ngi thu tm phi p dng cc iu kin cho mua cng khai cho tt c c ng ca t chc nim yt b thu tm; khng c t chi mua c phiu ca bt c c ng no ca t chc nim yt nh cc iu kin cng b v khng c mua bn c phiu ca t chc nim yt di bt k hnh thc no khc. Vic hon tt giao dch thu tm t chc nim yt phi c thc hin trong vng 05 ngy lm vic k t khi ht thi hn cho mua cng khai. Trng hp ngi thu tm nm gi ti 80% vn c phn ca t chc nim yt b thu tm th t chc nim yt b hu b nim yt. Trong vng 10 ngy, k t ngy cng b kt qu mua li, nu cc c ng cn li c yu cu, ngi thu tm c ngha v phi mua tip c phiu ca h theo ng iu kin cho mua cng khai cng b.

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5. Ngi thu tm khng c bn c phiu mua trong vng 06 thng, k t ngy kt thc vic thu tm. iu 37. Trch nhim ca ngi u t Ngi u t c ngha v m ti khon giao dch chng khon v k qu s tin t mua hoc s lng chng khon t bn theo quy nh ca php lut khi t lnh mua, bn chng khon v t chu trch nhim v quyt nh u t ca mnh. Chng V
ng k, Lu k, b tr v thanh ton

iu 38. Trung tm Lu k Chng khon 1. Trung tm Lu k Chng khon do Th tng Chnh ph quyt nh thnh lp v c chc nng, nhim v ch yu sau y : a) Cung cp dch v ng k, lu k chng khon pht hnh ra cng chng v cung cp dch v b tr, thanh ton cc giao dch chng khon nim yt; b) Gim st cc hot ng ng k, lu k, b tr v thanh ton cc giao dch chng khon ca cc thnh vin lu k; c) ng k giao dch bo m i vi cc hp ng cm c chng khon lu k tp trung ti Trung tm Lu k Chng khon; d) Cung cp danh sch ngi s hu chng khon cho t chc pht hnh c chng khon ng k, lu k; ) Cung cp cho thnh vin lu k cc thng tin v ti khon lu k chng khon ca thnh vin lu k ti Trung tm Lu k Chng khon; e) Cung cp y v kp thi cho Ngn hng ch nh thanh ton cc chng t cn thit thc hin thanh ton tin lin quan n cc giao dch chng khon; g) Thng bo kp thi cho thnh vin lu k v kt qu b tr v thanh ton cc giao dch chng khon c lin quan n thnh vin lu k;

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h) Qun l v s dng Qu h tr thanh ton h tr kp thi cho thnh vin lu k trong trng hp thnh vin lu k mt kh nng thanh ton. 2. Thnh vin ca Trung tm Lu k Chng khon gm cc ngn hng thng mi Vit Nam, chi nhnh ngn hng nc ngoi hot ng ti Vit Nam c y ban Chng khon Nh nc cp Giy php lu k v cc cng ty chng khon c Giy php hot ng mi gii hoc t doanh lm th tc ng k thnh vin ti Trung tm Lu k Chng khon. iu 39. ng k chng khon nim yt Chng khon nim yt phi c ng k ti Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon gm : 1. ng k thng tin v chng khon v ngi s hu chng khon. 2. ng k chuyn quyn s hu chng khon. iu 40. Lu k chng khon 1. Chng khon nim yt phi c lu k tp trung ti Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon di hnh thc lu k tng hp. 2. Vic lu k chng khon c thc hin theo hai cp, ngi s hu chng khon phi lu k chng khon ti thnh vin lu k; thnh vin lu k ti lu k chng khon ti Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon. 3. Ch cc thnh vin lu k mi c m ti khon lu k chng khon ti Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon. Trong nhng trng hp c bit, Ngn hng Nh nc Vit Nam, cc t chc tn dng v cc t chc khc c php tham gia u thu, i l pht hnh, bo lnh pht hnh tri phiu Chnh ph c m ti khon lu k tri phiu Chnh ph ti Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon. 4. Hot ng lu k chng khon bao gm cc ni dung sau y :

23

a) M ti khon lu k chng khon; b) Qun l v bo qun tp trung chng khon; c) Thc hin chuyn khon chng khon gia cc ti khon trong h thng ti khon lu k chng khon; d) Thc hin cc quyn lin quan n chng khon. iu 41. B tr, thanh ton 1. Vic b tr giao dch chng khon phi ph hp vi s lng chng khon v tin ghi trong cc chng t giao dch. 2. Vic thanh ton giao dch chng khon phi tun th nguyn tc giao chng khon ng thi vi thanh ton tin. 3. Vic thanh ton tin phi c thc hin thng qua h thng ti khon ca thnh vin lu k v ca Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon m ti Ngn hng ch nh thanh ton. 4. Vic thanh ton chng khon phi c thc hin thng qua h thng ti khon ca thnh vin lu k m ti Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon. iu 42. iu kin cp Giy php lu k i vi cc ngn hng thng mi Vit Nam, chi nhnh ngn hng nc ngoi 1. C Giy php thnh lp v hot ng ti Vit Nam. 2. C tnh hnh ti chnh lnh mnh. 3. C c s vt cht, k thut cho hot ng ng k, lu k, b tr v thanh ton cc giao dch chng khon. 4. C ti thiu 02 nhn vin nghip v v 01 thnh vin Ban Gim c c trnh chuyn mn v chng khon v kinh doanh chng khon. 5. Ngn hng nc ngoi c chi nhnh ti Vit Nam c php hot ng lu k chng khon theo quy nh ca php lut nc . iu 43. H s xin cp Giy php lu k

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1. H s xin cp Giy php lu k cho ngn hng thng mi Vit Nam bao gm : a) n xin cp Giy php lu k; b) Bn sao hp l Giy php thnh lp v hot ng; c) Thuyt minh c s vt cht k thut phc v hot ng ng k, lu k, b tr v thanh ton cc giao dch chng khon; d) Bo co ti chnh c kim ton trong hai nm lin tc gn nht. 2. H s xin cp Giy php lu k cho chi nhnh ngn hng nc ngoi ti Vit Nam bao gm : a) Cc ti liu quy nh ti khon 1 iu ny; b) Giy y quyn ca ngn hng nc ngoi cho chi nhnh ti Vit Nam thc hin ng k, lu k, b tr v thanh ton cc giao dch chng khon; c) Bn sao hp l Giy php hoc cc ti liu khc chng minh ngn hng nc ngoi c php thc hin ng k, lu k, b tr v thanh ton cc giao dch chng khon theo quy nh ca php lut nc . iu 44. Thi hn v l ph cp Giy php lu k 1. Trong thi hn 30 ngy, k t ngy nhn h s hp l, y ban Chng khon Nh nc cp hoc t chi cp Giy php lu k. Trng hp t chi, y ban Chng khon Nh nc phi gii thch l do bng vn bn. 2. Ngn hng thng mi Vit Nam, chi nhnh ngn hng nc ngoi ti Vit Nam c cp Giy php lu k phi np l ph cp php theo quy nh ca php lut. iu 45. nh ch hot ng, thu hi Giy php lu k 1. Thnh vin lu k b nh ch hot ng lu k ti a 60 ngy khi xy ra mt trong cc trng hp sau y :

25

a) Khng cn p ng cc iu kin cp Giy php lu k; b) Khng thc hin cc ngha v ca thnh vin lu k quy nh ti iu 46 Ngh nh ny. 2. Thnh vin lu k b thu hi Giy php lu k trong cc trng hp sau y : a) Ht thi hn b nh ch hot ng m khng khc phc nhng vi phm quy nh ti khon 1 iu ny; b) Khng trin khai hot ng theo Giy php lu k trong 12 thng, k t ngy c cp Giy php; c) T nguyn xin chm dt hot ng; d) Chm dt hot ng do gii th, ph sn, sp nhp, chia, hp nht, chuyn i doanh nghip. 3. Trnh t, th tc nh ch hot ng, thu hi Giy php lu k thc hin theo quy nh ca php lut. iu 46. Quyn v ngha v ca thnh vin lu k 1. Cung cp dch v ng k, lu k chng khon cho khch hng trn c s hp ng bng vn bn vi khch hng; thng bo y , kp thi cho khch hng bit kt qu b tr v thanh ton cc giao dch chng khon lin quan n khch hng. 2. Thc hin ng k, lu k chng khon ca khch hng ti Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon v cung cp cho Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon thng tin, ti liu cn thit thc hin vic ng k, lu k, b tr v thanh ton cc giao dch chng khon. 3. ng k cc hp ng cm c chng khon lu k tp trung ti Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon. 4. Qun l tch bit chng khon lu k ca tng khch hng v qun l tch bit chng khon lu k ca khch hng vi chng khon ca chnh thnh vin lu k.

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5. ng gp vo Qu h tr thanh ton theo quy nh ca php lut. 6. H tr chng khon v nhn chng khon h tr t cc thnh vin lu k khc trong trng hp tm thi thiu kh nng thanh ton chng khon v hon tr theo quy nh ca php lut. iu 47. Quyn v ngha v ca ngn hng ch nh thanh ton 1. Thanh ton tin y v ng hn cho cc giao dch chng khon thc hin ti Trung tm Giao dch Chng khon. 2. Tun th ch thng tin, bo co v bo mt thng tin theo quy nh ca php lut. 3. C c s vt cht, k thut cho hot ng thanh ton cc giao dch chng khon. 4. Yu cu Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon cung cp y cc chng t cn thit thc hin vic thanh ton tin cho cc giao dch chng khon. iu 48. Qu h tr thanh ton 1. Trung tm Giao dch Chng khon hoc Trung tm Lu k Chng khon c lp Qu h tr thanh ton thanh ton thay cho thnh vin lu k mt kh nng thanh ton giao dch chng khon. Qu h tr thanh ton phi c qun l tch bit vi ti sn ca Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon. 2. Mc ng gp vo Qu h tr thanh ton v phng thc h tr thanh ton theo quy nh ca php lut . iu 49. Ch bo co Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon, thnh vin lu k v Ngn hng ch nh thanh ton phi thc hin ch bo co nh k v bt thng theo quy nh ca php lut v tnh hnh hot ng ng k, lu k, b tr v thanh ton. Trong trng hp cn

27

thit, Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon, thnh vin lu k v Ngn hng ch nh thanh ton phi bo co theo yu cu ca y ban Chng khon Nh nc. iu 50. Ph cung cp dch v Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon, thnh vin lu k v Ngn hng ch nh thanh ton c thu cc loi ph cung cp dch v theo quy nh ca php lut. Chng VI
cng b thng tin

iu 51. i tng, ni dung, phng tin cng b thng tin 1. Trung tm Giao dch Chng khon, S Giao dch Chng khon, t chc pht hnh, t chc nim yt, cng ty chng khon, cng ty qun l qu phi thc hin ch cng b thng tin kp thi, chnh xc v theo ng quy nh ca php lut. 2. T chc pht hnh, t chc nim yt c trch nhim cng b r rng cc thng tin v quyn biu quyt, quyn ng k mua chng khon, quyn chuyn i chng khon v cc quyn khc cho tt c cc c ng bit; quy nh v thc hin cc quy tc cng b cng khai v s hu c phn ca cc thnh vin Hi ng qun tr, Ban Gim c, c ng ln v nhng ngi c lin quan. 3. Trung tm Giao dch Chng khon, S Giao dch Chng khon, t chc pht hnh khi thc hin cng b thng tin phi ng thi bo co y ban Chng khon Nh nc. T chc nim yt, cng ty chng khon, cng ty qun l qu khi cng b thng tin phi ng thi bo co y ban Chng khon Nh nc, Trung tm Giao dch Chng khon, S Giao dch Chng khon. 4. Vic cng b thng tin c thc hin qua cc phng tin thng tin i chng v bn tin th trng chng khon. iu 52. T chc pht hnh, t chc nim yt cng b thng tin nh k

28

1. Trong vng 10 ngy, k t ngy hon thnh bo co ti chnh nm, t chc pht hnh, t chc nim yt phi cng b kt qu hot ng sn xut, kinh doanh ca nm ti chnh c kim ton trn 03 s bo lin tip ca 01 t bo trung ng hoc 01 t bo a phng ni t chc nim yt ng tr s chnh hoc bn tin th trng chng khon. T chc pht hnh, t chc nim yt phi chu trch nhim chnh v tnh chnh xc ca bo co ti chnh c cng b theo quy nh ca php lut; t chc kim ton, kim ton vin trc tip kim ton bo co ti chnh lin i chu trch nhim v cc ni dung kim ton. 2. Trong vng 05 ngy, k t ngy hon thnh bo co ti chnh qu, 06 thng theo quy nh ca php lut, t chc pht hnh, t chc nim yt phi cng b kt qu hot ng sn xut, kinh doanh ca qu, 06 thng trn bn tin th trng chng khon. iu 53. T chc pht hnh, t chc nim yt cng b thng tin bt thng 1. T chc pht hnh, t chc nim yt phi cng b thng tin theo quy nh ca php lut trong thi gian 24 gi k t khi xy ra mt trong cc s kin sau y : a) C bin ng ln v iu kin lin quan n hot ng sn xut, kinh doanh ca cng ty; b) B tn tht t 10% gi tr vn c phn tr ln; c) T chc pht hnh, t chc nim yt, thnh vin Hi ng qun tr, thnh vin Ban Gim c, Ban Kim sot, k ton trng b c quan php lut khi t iu tra, c phn quyt ca To n lin quan n hot ng ca cng ty; c quan thu c kt lun v vic vi phm php lut v thu; d) Thay i phng thc v phm vi kinh doanh ca cng ty; ) Quyt nh u t m rng sn xut, kinh doanh; quyt nh u t c gi tr t 10% tng gi tr vn c phn tr ln ca mt t chc khc; mua hoc bn ti sn c nh c gi tr t 10% tng gi tr vn c phn tr ln;

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e) Lm vo tnh trng ph sn, quyt nh vic hp nht, sp nhp, chia, tch, chuyn i, gii th doanh nghip; g) K kt hp ng vay n hoc pht hnh tri phiu c gi tr t 30% tng gi tr vn c phn tr ln; h) Thay i ch tch Hi ng qun tr, thay i trn 1/3 s thnh vin Hi ng qun tr hoc thay i Gim c (Tng gim c); i) Thng qua quyt nh ca i hi ng c ng; k) Xy ra nhng s kin khc c th nh hng ln n gi chng khon hoc li ch ca ngi u t. 2. T chc pht hnh, t chc nim yt phi bo co y ban Chng khon Nh nc v phi thc hin cng b thng tin trong vng 24 gi trn phng tin cng b thng tin, bn tin th trng chng khon khi c quyt nh ca Hi ng qun tr v cc s kin sau y : a) Tch, gp c phiu hoc pht hnh c phiu tng vn iu l; mua hoc bn li c phiu qu; ngy thc hin quyn mua c phiu ca tri phiu km theo quyn mua c phiu hoc ngy thc hin chuyn i sang c phiu ca tri phiu chuyn i; b) Pht hnh c phiu thng hoc pht hnh c phiu tr c tc c gi tr t 10% vn c phn tr ln; c) Np n xin hu b nim yt. iu 54. T chc pht hnh, t chc nim yt cng b thng tin theo yu cu ca y ban Chng khon Nh nc, Trung tm Giao dch Chng khon, S Giao dch Chng khon 1. C thng tin lin quan n t chc nim yt nh hng n gi chng khon v cn phi xc nhn thng tin . 2. Gi v khi lng giao dch chng khon nim yt thay i bt thng.

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3. C thng tin lin quan n t chc pht hnh nh hng nghim trng n quyn li ca ngi u t. 4. Nhng trng hp khc m y ban Chng khon Nh nc, Trung tm Giao dch Chng khon, S Giao dch Chng khon thy cn thit. iu 55. Trung tm Giao dch Chng khon, S Giao dch Chng khon cng b thng tin 1. Thng tin v giao dch trn th trng. 2. Thng tin v t chc nim yt, cng ty chng khon, cng ty qun l qu v Qu u t chng khon. 3. Thng tin qun l th trng. 4. Thng tin khc v tnh hnh th trng. iu 56. Cng ty chng khon cng b thng tin 1. Cng ty chng khon c trch nhim cung cp cc thng tin cho nh u t v t chc nim yt v Qu u t chng khon. 2. Trong vng 10 ngy, k t ngy c bo co kim ton ti chnh nm, cng ty chng khon phi cng b kt qu hot ng kinh doanh ca mnh trn cc phng tin thng tin ca Trung tm Giao dch Chng khon, S Giao dch Chng khon. 3. Cng ty chng khon c trch nhim cng khai thng tin v cc hnh thc dch v; phng thc t lnh, nhn lnh, thc hin lnh; mc ph giao dch; danh sch thnh vin Hi ng qun tr, Ban Gim c; a ch tr s giao dch v nhng thay i lin quan n nhng ni dung ny cho nh u t bit. 4. Cng ty chng khon phi bo co y ban Chng khon Nh nc v bo co Trung tm Giao dch Chng khon, S Giao dch Chng khon trong vng 24 gi cc t chc ny cng b thng tin theo quy nh khi xy ra mt trong cc s kin sau y :

31

a) Cng ty, thnh vin Hi ng qun tr (i vi cng ty c Hi ng qun tr), thnh vin Ban Gim c, K ton trng b c quan php lut khi t iu tra; b) Cng ty d nh sp nhp vi mt cng ty khc; c) Cng ty b tn tht t 10% gi tr ti sn tr ln; d) Cng ty c s thay i v c ng (thnh vin) chi phi; ) Cng ty b nhim hay min nhim Gim c (Tng gim c); e) Cng ty c nhng thay i quan trng trong hot ng kinh doanh. iu 57. Cng ty qun l qu cng b thng tin 1. Cng ty qun l qu phi bo co y ban Chng khon Nh nc v Trung tm Giao dch Chng khon, S Giao dch Chng khon trong vng 24 gi cc t chc ny cng b thng tin theo quy nh khi xy ra mt trong cc s kin sau y : a) Cng ty, thnh vin Hi ng qun tr (i vi cng ty c Hi ng qun tr), thnh vin Ban Gim c, K ton trng b c quan php lut khi t iu tra; b) Cng ty d nh sp nhp vi mt cng ty khc; c) Cng ty b tn tht ln v ti sn; d) Cng ty c s thay i v c ng (thnh vin) chi phi; ) Cng ty b nhim hay min nhim Gim c (Tng gim c); e) Cng ty b nhim hay min nhim ngi iu hnh qu; g) Cng ty c nhng thay i quan trng trong hot ng kinh doanh c th lm nh hng ti vic qun l qu;

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h) Gi tr ca qu gim ti 10% so vi gi tr ti thi im qu c ng k thnh lp chnh thc; i) C nhng thay i quan trng trong tnh hnh u t ca qu. 2. Trong nhng trng hp cn thit, y ban Chng khon Nh nc c th yu cu cng ty qun l qu bo co, cng b thng tin v hot ng ca qu hoc ca cng ty qun l qu. iu 58. Trch nhim trong cng b thng tin Cc i tng quy nh ti khon 1 iu 51 Ngh nh ny khi cng b thng tin phi tun th cc yu cu sau: a) Khng c cng b nhng thng tin cha c php cng b hoc cng b thng tin m cha thc hin ngha v bo co theo quy nh ti khon 3 iu 51 Ngh nh ny; b) Khng c cng b thng tin sai s tht; c) Khng c thay i ni dung nhng thng tin cng b m khng gii thch v bo co theo quy nh ti khon 3 iu 51 Ngh nh ny; d) Khng c cng b nhng thng tin thuc danh mc bo mt do Chnh ph quy nh. iu 59. Tm hon cng b thng tin a) Nhng thng tin c y ban Chng khon Nh nc cho php bo lu cha cng b; b) Vic cng b thng tin khng th thc hin ng thi hn v nhng l do bt kh khng. Vic tm hon cng b thng tin trong cc trng hp ni trn c thc hin theo quy nh ca php lut. Chng VII
Th trng giao dch tp trung

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iu 60. Hnh thc t chc th trng 1. Th trng giao dch tp trung c t chc di hnh thc Trung tm Giao dch Chng khon hoc S Giao dch Chng khon. 2. Th tng Chnh ph quyt nh vic thnh lp Trung tm Giao dch Chng khon, S Giao dch Chng khon. iu 61. T chc v hot ng ca Trung tm Giao dch Chng khon 1. Trung tm Giao dch Chng khon l n v s nghip c thu, trc thuc y ban Chng khon Nh nc, c t cch php nhn, c tr s, con du v ti khon ring; kinh ph hot ng ca Trung tm Giao dch Chng khon do ngn sch nh nc cp. 2. Trung tm Giao dch Chng khon c chc nng t chc, qun l, iu hnh v gim st cc hot ng giao dch chng khon ti Trung tm. iu 62. Nhim v v quyn hn ca Trung tm Giao dch Chng khon 1. T chc, qun l v gim st hot ng giao dch chng khon nim yt. 2. Qun l h thng giao dch chng khon. 3. Thc hin chc nng, nhim v ca Trung tm Lu k Chng khon cho n khi Trung tm Lu k Chng khon c thnh lp. 4. Qun l, gim st hot ng nim yt chng khon. 5. Qun l, gim st hot ng cng b thng tin ca cc t chc nim yt v cng ty qun l qu. 6. Qun l, gim st hot ng ca cc thnh vin Trung tm Giao dch Chng khon. 7. T chc, qun l v thc hin vic cng b thng tin th trng.

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8. Lm trung gian ha gii theo yu cu khi pht sinh tranh chp lin quan n hot ng giao dch chng khon. 9. Thu cc khon ph theo quy nh ca php lut. 10. Thc hin ch bo co, thng k, k ton, kim ton theo quy nh ca php lut. 11. Thc hin cc nhim v khc theo y quyn ca Ch tch y ban Chng khon Nh nc. iu 63. Thnh vin ca Trung tm Giao dch Chng khon Cng ty chng khon c y ban Chng khon Nh nc cp Giy php hot ng nghip v mi gii hoc t doanh c ng k lm thnh vin ca Trung tm Giao dch Chng khon. Hot ng ca thnh vin Trung tm Giao dch Chng khon theo quy nh ca php lut. iu 64. S Giao dch Chng khon 1. S Giao dch Chng khon l mt php nhn t ch v ti chnh, chu s gim st v qun l ca y ban Chng khon Nh nc. 2. T chc, b my v hot ng ca S Giao dch Chng khon do Th tng Chnh ph quyt nh. Chng VIII
Cng ty Chng khon

iu 65. i tng, loi hnh kinh doanh, dch v chng khon c cp giy php 1. Giy php kinh doanh chng khon c y ban Chng khon Nh nc cp cho cng ty c phn hoc cng ty trch nhim hu hn c thnh lp hot ng kinh doanh, dch v chng khon, p ng cc iu kin quy nh ti iu 66 Ngh nh ny. 2. Cc loi hnh kinh doanh chng khon chnh bao gm : a) Mi gii chng khon;

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b) T doanh chng khon; c) Qun l danh mc u t chng khon; d) Bo lnh pht hnh chng khon; ) T vn ti chnh v u t chng khon. 3. Cng ty chng khon c thc hin cc dch v lu k chng khon v dch v ti chnh khc ph hp vi quy nh ca php lut. iu 66. iu kin cp Giy php kinh doanh chng khon 1. C phng n hot ng kinh doanh ph hp vi mc tiu pht trin kinh t, x hi v pht trin ngnh chng khon. 2. C c s vt cht, k thut cho kinh doanh chng khon. 3. C mc vn php nh theo tng loi hnh kinh doanh nh sau : - Mi gii chng khon : 3 t ng Vit Nam; - T doanh chng khon : 12 t ng Vit Nam; - Qun l danh mc u t chng khon : 3 t ng Vit Nam; - Bo lnh pht hnh chng khon : 22 t ng Vit Nam; - T vn ti chnh v u t chng khon : 3 t ng Vit Nam. Trong trng hp cng ty xin cp Giy php cho nhiu loi hnh kinh doanh th vn php nh l tng s vn php nh theo tng loi hnh kinh doanh m cng ty c cp php. 4. Gim c, Ph gim c (Tng gim c, Ph tng gim c), cc nhn vin kinh doanh ca cng ty chng khon phi p ng iu kin c cp chng ch

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hnh ngh kinh doanh chng khon do y ban Chng khon Nh nc cp. 5. Giy php bo lnh pht hnh ch c cp cho cng ty c Giy php t doanh. iu 67. Th tc cp Giy php kinh doanh chng khon 1. H s xin cp Giy php kinh doanh chng khon gm c : a) n xin cp Giy php kinh doanh chng khon; b) Phng n kinh doanh d kin trong 03 nm u hot ng; phng n gp vn; thng tin lin quan n t chc sng lp; c) iu l cng ty; d) Giy t hp l chng minh cng ty p ng cc iu kin nu ti iu 66 Ngh nh ny. 2. Thi hn cp Giy php kinh doanh chng khon ti a l 60 ngy, k t ngy y ban Chng khon Nh nc nhn c h s hp l. Trng hp t chi cp Giy php kinh doanh chng khon, y ban Chng khon Nh nc phi gii thch r l do bng vn bn. 3. Cng ty chng khon c cp Giy php kinh doanh chng khon mun thc hin vic chia, tch, hp nht, sp nhp, chuyn i phi lm th tc xin cp li Giy php kinh doanh chng khon. 4. Cng ty chng khon c cp Giy php kinh doanh chng khon mun b sung hoc thay i loi hnh kinh doanh chng khon phi lm th tc sa i, b sung Giy php kinh doanh chng khon. iu 68. Cng b Giy php kinh doanh chng khon 1. Trc khi chnh thc hot ng, cng ty chng khon phi cng b trn 03 s lin tip ca 01 t bo trung ng hoc 01 t bo a phng ni cng ty ng tr s chnh cc ni dung chnh sau y :

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a) Tn cng ty; b) a ch tr s chnh; c) S Giy php kinh doanh; d) Loi hnh kinh doanh; ) Vn iu l; e) Tn ngi i din theo php lut ca cng ty. 2. Cng ty chng khon phi nim yt Giy php kinh doanh chng khon, tn ngi i din theo php lut, danh sch cc chi nhnh, phng giao dch v i l nhn lnh ti tr s chnh v cc chi nhnh ca cng ty. 3. Cng ty chng khon phi nim yt quyt nh chp thun ca y ban Chng khon Nh nc ti tr s chnh, chi nhnh, cc phng giao dch v i l nhn lnh khi c nhng thay i quy nh ti iu 69 Ngh nh ny. iu 69. Nhng thay i phi c chp thun Nhng thay i sau y ca cng ty chng khon phi c y ban Chng khon Nh nc chp thun bng vn bn: 1. Thay i a im t tr s chnh, chi nhnh; 2. Ngng hot ng kinh doanh, dch v; 3. Lp, ng ca chi nhnh, phng giao dch; 4. Tng thm hoc rt bt nghip v kinh doanh. iu 70. Quyn v ngha v ca cng ty chng khon 1. K hp ng bng vn bn vi khch hng v giao dch chng khon, ng k v lu k chng khon, qun l danh mc u t chng khon, bo lnh pht hnh chng khon, t vn ti chnh v u t chng khon. 2. Ch c nhn lnh giao dch ca khch hng ti tr s chnh, chi nhnh, phng giao dch, i l nhn lnh. 3. u tin thc hin lnh ca khch hng trc lnh ca cng ty chng khon. Qun l tch bit ti sn, tin v chng

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khon ca cng ty vi ti sn, tin v chng khon ca khch hng, s dng tin gi trn ti khon ca khch hng theo ng hp ng vi khch hng; tch bit ti sn, tin v chng khon ca tng khch hng. 4. Thu thp y thng tin v tnh hnh ti chnh v mc tiu u t ca khch hng; cung cp thng tin th trng y , kp thi, chnh xc cho khch hng; bo mt thng tin cho khch hng, tr nhng trng hp theo quy nh ca php lut. 5. Tch bit t doanh ca cng ty vi mi gii, qun l danh mc u t, bo lnh pht hnh; tch bit hot ng kinh doanh ca ch s hu cng ty vi cc hot ng kinh doanh ca cng ty chng khon. 6. Thng xuyn duy tr mc vn kh dng ti thiu theo quy nh ca php lut. 7. Ch c u t vo chng khon hoc tham gia gp vn trong hn mc c php theo quy nh ca php lut. 8. Khng c hot ng tn dng, cho vay chng khon. 9. Cng ty chng khon, k c thnh vin Hi ng qun tr, thnh vin Ban Gim c, thnh vin Ban Kim sot ca cng ty khng c u t vo cng ty chng khon khc. 10. Np l ph cp Giy php kinh doanh chng khon v l ph cp chng ch hnh ngh kinh doanh chng khon theo quy nh ca php lut. 11. c thu ph theo quy nh ca php lut khi cung cp dch v cho khch hng. 12. Thc hin ch ti chnh, k ton theo quy nh ca php lut. 13. Tun th cc quy nh ca php lut c lin quan. iu 71. nh ch hot ng, thu hi Giy php kinh doanh chng khon 1. Cng ty chng khon c th b nh ch hot ng kinh doanh chng khon ti a 60 ngy trong nhng trng hp sau :

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a) Ngng hot ng kinh doanh chng khon m khng c s chp thun trc bng vn bn ca y ban Chng khon Nh nc; b) Khng cn p ng cc iu kin cp Giy php kinh doanh chng khon quy nh ti cc khon 2, 3 iu 66 Ngh nh ny nhng khng khi phc c cc iu kin trn trong vng 60 ngy, k t ngy nhn c vn bn thng bo ca y ban Chng khon Nh nc; c) Vi phm cc quy nh ti cc iu 103, 104, 105, 106, 107 v 108 Ngh nh ny. 2. Cng ty chng khon b thu hi Giy php kinh doanh chng khon trong cc trng hp sau y : a) Sau khi ht thi hn b nh ch kinh doanh chng khon quy nh ti khon 1 iu ny vn khng khc phc c vi phm; b) Khng tin hnh hot ng kinh doanh trong vng 12 thng, k t ngy c cp Giy php; c) B gii th, ph sn; d) B thu hi Giy chng nhn ng k kinh doanh. 3. Cng ty chng khon b nh ch hoc b thu hi Giy php kinh doanh chng khon phi hon tt cc giao dch v thc hin cc hp ng cam kt trc . y ban Chng khon Nh nc c th ch nh cng ty chng khon khc hon tt cc giao dch, hp ng ca cng ty b nh ch hot ng hoc b thu hi Giy php. Trong trng hp ny, quan h y quyn mc nhin c xc lp gia hai cng ty. iu 72. Ch bo co 1. Cng ty chng khon phi thc hin ch bo co nh k v bt thng theo quy nh php lut. Bo co ti chnh nm phi c kim ton bi mt t chc kim ton c chp thun. Trong trng hp cn thit, cng ty chng khon phi bo co theo yu cu ca y ban Chng khon Nh nc.

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2. Cng ty chng khon phi bo co y ban Chng khon Nh nc nhng thay i sau y : a) Tng, gim vn iu l; b) Thay i tn cng ty; c) Thay i thnh vin Hi ng qun tr, thnh vin Ban Gim c; d) Sa i, b sung iu l; ) Lp, ng ca i l nhn lnh. iu 73. Chng ch hnh ngh kinh doanh chng khon 1. Gim c, Ph gim c (Tng gim c, Ph tng gim c), cc nhn vin kinh doanh ca cng ty chng khon phi c chng ch hnh ngh kinh doanh chng khon. 2. Chng ch hnh ngh kinh doanh chng khon c cp cho cc c nhn theo ngh ca cng ty chng khon ni c nhn lm vic khi p ng cc iu kin sau y : a) C nng lc php lut v nng lc hnh vi dn s; b) p ng cc tiu chun trnh chuyn mn; c) C cc chng ch chuyn mn v chng khon do y ban Chng khon Nh nc cp; d) Khng thuc trng hp ang b truy cu trch nhim hnh s hoc ang phi chp hnh hnh pht t hoc b Ta n tc quyn hnh ngh theo quy nh ca php lut. iu 74. Hn ch i vi ngi hnh ngh kinh doanh chng khon 1. Ngi hnh ngh kinh doanh chng khon ch c m ti khon giao dch chng khon cho chnh mnh ti cng ty chng khon ni lm vic. 2. Ngi hnh ngh kinh doanh chng khon khng c :

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a) Lm Gim c hoc c ng s hu trn 5% c phiu c quyn biu quyt ca mt t chc pht hnh chng khon, tr trng hp lm i din cho cng ty chng khon ti cc t chc pht hnh ni cng ty chng khon tham gia u t hoc gp vn; b) ng thi lm vic cho hai hay nhiu cng ty chng khon. iu 75. Gia hn, thu hi chng ch hnh ngh kinh doanh chng khon 1. Chng ch hnh ngh kinh doanh chng khon c thi hn l 03 nm k t ngy cp. Chng ch hnh ngh c gia hn khi nhn vin hnh ngh t yu cu trong k thi st hch li do y ban Chng khon Nh nc t chc. 2. Nhn vin hnh ngh kinh doanh chng khon b thu hi chng ch hnh ngh trong cc trng hp sau y : a) Khng cn p ng cc iu kin cp chng ch hnh ngh kinh doanh chng khon quy nh ti iu 73 Ngh nh ny; b) Khng cn lm vic cho cng ty chng khon; c) Vi phm cc quy nh ti cc iu 103, 104, 105, 106 v 107 Ngh nh ny. Chng IX
Qu u t chng khon v Cng ty qun l qu

iu 76. Cc bn tham gia 1. Cng ty qun l qu thc hin vic qun l Qu u t chng khon. 2. Ngn hng gim st thc hin vic bo qun, lu k ti sn ca Qu u t chng khon v gim st cng ty qun l qu nhm bo v li ch ca ngi u t. 3. Ngi u t gp vn vo Qu u t chng khon v ch chu trch nhim trong phm vi phn vn gp.

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iu 77. Lp Qu u t chng khon 1. Qu u t chng khon do cng ty qun l qu cng vi cc t chc v c nhn Vit Nam v nc ngoi thnh lp. 2. Qu u t chng khon c s vn iu l ti thiu l 5 t ng Vit Nam. 3. Vic lp Qu u t chng khon c pht hnh chng ch Qu u t chng khon ra cng chng phi c y ban Chng khon Nh nc cp giy php. 4. Vic lp Qu u t chng khon bng vn gp ca cc thnh vin phi ng k vi y ban Chng khon Nh nc. iu 78. Th tc v h s xin php lp Qu u t chng khon c pht hnh chng ch qu u t chng khon ra cng chng 1. Th tc xin php lp Qu u t chng khon c pht hnh chng ch qu u t chng khon ra cng chng c thc hin theo quy nh ti khon 1 iu 9, cc iu 12, 13, 14, 15, 16 Ngh nh ny. 2. H s xin php lp Qu u t chng khon v pht hnh chng ch qu u t chng khon ra cng chng bao gm : a) n xin php lp Qu u t chng khon v pht hnh chng ch qu u t chng khon ra cng chng; b) iu l Qu u t chng khon; c) Bn co bch; d) Phng n pht hnh chng ch qu u t chng khon; ) Hp ng gim st ti sn Qu u t chng khon gia cng ty qun l qu v ngn hng gim st; e) Cam kt ca cc sng lp vin ca qu v vic khng chuyn nhng chng ch qu u t chng khon m mnh s hu trong 02 nm, k t ngy pht hnh.

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3. Cng ty qun l qu phi chu trch nhim v tnh hp l ca h s theo quy nh ca khon 4 iu 10 Ngh nh ny. 4. Trong thi hn 10 ngy lm vic, k t ngy kt thc t pht hnh chng ch qu u t chng khon ra cng chng, cng ty qun l qu phi gi bo co kt qu t pht hnh n y ban Chng khon Nh nc v xin ng k lp Qu u t chng khon. Trong thi hn 15 ngy lm vic, k t ngy nhn h s hp l, y ban Chng khon Nh nc c trch nhim gii quyt vic ng k lp Qu u t chng khon. iu 79. nh ch pht hnh chng ch qu u t chng khon 1. Vic pht hnh chng ch qu u t chng khon b nh ch nu y ban Chng khon Nh nc pht hin nhng sai st trong Bn co bch c th gy thit hi cho ngi u t. 2. Cng ty qun l qu phi thng bo ngay vic b nh ch pht hnh cho ngi u t bit. Trong thi gian b nh ch, ngi u t c quyn hu b vic t mua chng ch qu u t v yu cu cng ty qun l qu hon tr li s tin t mua trong vng 30 ngy, k t ngy ngi u t c n yu cu. 3. Nu cng ty qun l qu tip tc pht hnh chng ch qu u t chng khon th cng ty qun l qu phi sa i, b sung theo yu cu ca y ban Chng khon Nh nc v thng bo cng khai vic sa i, b sung ny. iu 80. Thu hi Giy php pht hnh chng ch qu u t chng khon 1. Giy php pht hnh b thu hi trong trng hp sau y : a) Nhng thiu st nu ti khon 1 iu 79 khng c sa i, b sung theo ng th tc v thi gian quy nh; b) Kt qu t pht hnh khng t c ti thiu 50 nh u t hoc s lng chng ch qu u t thc t pht hnh

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khng t 80% s lng chng ch qu u t c php pht hnh. 2. Cng ty qun l qu phi thng bo ngay vic b thu hi Giy php pht hnh cho ngi u t bit v phi thu hi cc chng ch qu u t pht hnh, ng thi hon tr tin cho ngi u t trong vng 30 ngy, k t ngy Giy php b thu hi. Qu thi hn trn, cng ty qun l qu phi bi thng thit hi cho ngi u t theo cc iu khon cam kt vi ngi u t ph hp vi quy nh ca php lut. iu 81. Th tc ng k lp Qu u t chng khon bng vn gp ca cc thnh vin 1. H s ng k lp Qu u t chng khon gm c : a) n ng k lp Qu u t chng khon; b) iu l Qu u t chng khon; c) Hp ng gim st ti sn ca Qu; d) Danh sch cc thnh vin tham gia gp vn lp Qu u t chng khon. 2. Trong thi hn 30 ngy, k t ngy nhn h s hp l, y ban Chng khon Nh nc cp chng nhn ng k lp Qu u t chng khon; trng hp t chi, y ban Chng khon Nh nc phi gii thch r l do bng vn bn. 3. Vic cng b thng tin sau khi ng k lp Qu u t chng khon c thc hin theo quy nh ti iu 14 Ngh nh ny. iu 82. Ban i din qu 1. Qu u t chng khon c th c Ban i din qu. Thnh vin Ban i din qu do i hi ngi u t bu. 2. Quyn, ngha v v nguyn tc hot ng ca Ban i din qu c quy nh trong iu l qu do i hi ngi u t thng qua. iu 83. iu kin cp Giy php qun l Qu u t chng khon

45

y ban Chng khon Nh nc cp Giy php qun l Qu u t chng khon cho cc t chc p ng c cc iu kin sau y : 1. L cng ty c phn, cng ty trch nhim hu hn c thnh lp theo quy nh ca php lut, c mc vn php nh ti thiu l 5 t ng Vit Nam; 2. C i ng nhn vin nghip v c o to v chng khon; 3. C c s vt cht, k thut cho hot ng qun l qu; 4. Gim c, Ph gim c (Tng gim c, Ph tng gim c) ca cng ty qun l qu v ngi iu hnh qu phi p ng iu kin c cp chng ch hnh ngh qun l qu theo quy nh ti iu 97 Ngh nh ny. iu 84. Cp Giy php qun l Qu u t chng khon 1. H s xin cp Giy php qun l Qu u t chng khon gm c : a) n xin cp Giy php qun l Qu u t chng khon; b) iu l cng ty; c) Phng n kinh doanh d kin trong 03 nm u hot ng; phng n gp vn, thng tin lin quan n t chc sng lp; d) Giy t hp l chng minh cng ty p ng cc iu kin nu ti iu 83 Ngh nh ny. 2. Thi hn cp Giy php qun l Qu u t chng khon ti a l 60 ngy, k t ngy y ban Chng khon Nh nc nhn c h s hp l. Trng hp t chi cp php qun l qu, y ban Chng khon Nh nc phi gii thch r l do bng vn bn. 3. Cng ty qun l qu c cp Giy php qun l Qu u t chng khon mun thc hin vic chia, tch, hp

46

nht, sp nhp, chuyn i phi lm th tc xin cp li Giy php qun l qu. iu 85. Nhng thay i phi c chp thun Nhng thay i sau y ca cng ty qun l Qu u t chng khon phi c y ban Chng khon Nh nc chp thun bng vn bn: 1. Thay i a im t tr s chnh, tr s chi nhnh; 2. Ngng hot ng kinh doanh, dch v; 3. Lp, ng ca chi nhnh, vn phng i din. iu 86. Cng b Giy php qun l Qu u t chng khon Trong thi hn 30 ngy, k t ngy c cp Giy php qun l Qu u t chng khon, cng ty qun l Qu u t chng khon phi cng b trn 03 s lin tip ca 01 t bo trung ng hoc 01 t bo a phng ni cng ty t tr s chnh cc ni dung sau y : 1. Tn cng ty; 2. a ch tr s chnh; 3. S, ngy cp Giy php qun l qu; 4. Loi hnh kinh doanh; 5. Mc vn iu l; 6. Tn ngi i din theo php lut ca cng ty. iu 87. Quyn v ngha v ca cng ty qun l Qu u t chng khon 1. Tun th iu l qu v bo v quyn li ca ngi u t. 2. Cng bng, trung thc v v li ch ca Qu u t chng khon. 3. Tch bit vic qun l tng Qu u t chng khon.

47

4. i vi nhng giao dch ca Qu c xung t quyn li, phi m bo s cng bng v khng lm tn hi n quyn li ca Qu, thng bo y thng tin lin quan n giao dch cho Ban i din Qu. 5. Tt c cc giao dch chng khon ca ngi qun l v nhn vin ca cng ty qun l qu u phi c bo co v qun l tp trung ti cng ty qun l qu di s gim st ca b phn kim sot ni b. 6. Bo m quan h y quyn trch nhim cho bn th ba v s thay i t chc, qun l ca cng ty qun l qu khng c lm nh hng n quyn li v hot ng ca Qu. 7. Khi cng ty qun l qu giao dch mua bn cc ti sn cho Qu th thnh vin Hi ng qun tr, Gim c, Ph gim c (Tng gim c, Ph tng gim c) cng ty, ngi iu hnh qu khng c nhn bt k mt li ch no cho cng ty hoc cho chnh mnh hoc cho mt ngi th ba, ngoi khon ph v thng quy nh trong iu l qu. 8. C trch nhim thay mt qu thc hin quyn v ngha v i vi cc ti sn trong danh mc u t ca qu. 9. c hng cc khon ph v thng quy nh trong iu l qu; khng c thu, chi tri vi quy nh ca iu l Qu. 10. c hot ng t vn ti chnh v t vn u t chng khon. iu 88. Hn ch hot ng i vi cng ty qun l Qu u t chng khon 1. Cng ty qun l Qu u t chng khon khng c php dng vn v ti sn ca Qu cho vay v bo lnh cho bt k khon vay no; khng c php vay ti tr cho hot ng ca Qu, tr trng hp vay ngn hn trang tri cc chi ph cn thit. 2. Gim c, Ph gim c (Tng gim c, Ph tng gim c), thnh vin Hi ng qun tr cng ty qun l Qu u t chng khon, ngi iu hnh Qu hoc ngi c

48

lin quan khng c php mua ti sn ca Qu cho cng ty hoc cho chnh mnh hoc bn ti sn ca mnh cho Qu. 3. Cng ty qun l Qu u t chng khon khng c l ngi c lin quan ca ngn hng gim st ti sn ca Qu. 4. Cng ty qun l Qu u t chng khon phi tun th cc quy nh php lut khc v qun l vn v ti sn ca Qu. iu 89. nh ch hot ng, thu hi Giy php qun l Qu u t chng khon 1. Cng ty qun l Qu u t chng khon c th b nh ch hot ng ti a 60 ngy khi xy ra mt trong cc s kin sau y : a) Ngng hot ng kinh doanh m khng c s chp thun trc bng vn bn ca y ban Chng khon Nh nc; b) Vi phm quy nh ti iu 87 v iu 88 Ngh nh ny; c) Khng p ng cc iu kin quy nh ti iu 83 Ngh nh ny; d) Vi phm cc quy nh ti cc iu 103, 104, 105, 106, 107 v 108 Ngh nh ny. 2. Cng ty qun l Qu u t chng khon b thu hi Giy php qun l qu trong cc trng hp sau y : a) Sau khi ht thi hn b nh ch hot ng m cng ty vn khng khc phc c vi phm; b) Khng tin hnh hot ng kinh doanh trong vng 12 thng, k t ngy cp Giy php qun l qu; c) B gii th, ph sn; d) B thu hi Giy chng nhn ng k kinh doanh. 3. Cng ty qun l Qu u t chng khon b nh ch hot ng hoc b thu hi Giy php qun l Qu u t

49

chng khon phi hon tt cc giao dch v thc hin cc hp ng cam kt trc . y ban Chng khon Nh nc c th ch nh cng ty qun l Qu khc hon tt giao dch, hp ng ca cng ty b nh ch hot ng hoc b thu hi Giy php qun l qu. iu 90. Quyn v ngha v ca ngi u t 1. Tun th iu l qu; chp hnh quyt nh ca i hi ngi u t. 2. Thanh ton tin mua chng ch qu u t chng khon v chu trch nhim v n v cc ngha v ti sn khc ca Qu trong phm vi s vn gp. 3. Hng li t hot ng u t ca Qu. 4. Chuyn nhng vn gp hoc chng ch u t. iu 91. i hi ngi u t 1. i hi ngi u t do Ban i din qu hoc cng ty qun l Qu (trong trng hp Qu u t chng khon khng c Ban i din) triu tp hp t nht mi nm mt ln. 2. i hi ngi u t c triu tp bt thng trong nhng trng hp sau y : a) C nhng thay i quan trng trong mi trng hot ng u t v tnh hnh u t ca Qu; b) Cng ty qun l Qu u t chng khon b ph sn, b nh ch hot ng; c) Cng ty qun l Qu u t chng khon vi phm nghim trng iu l qu; d) Khi nhn c yu cu ca ngi u t hoc nhm ngi u t s hu t 10% tng s chng ch qu u t chng khon tr ln ang lu hnh. iu 92. Gii th Qu u t chng khon 1. Qu u t chng khon gii th trong trng hp kt thc thi hn hot ng ghi trong iu l qu hoc theo quyt nh ca i hi ngi u t.

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2. Trc khi tin hnh gii th, Ban i din Qu hoc cng ty qun l Qu (trong trng hp Qu u t chng khon khng c Ban i din) phi triu tp v trnh phng n gii th i hi ngi u t quyt nh. iu 93. Ngn hng gim st 1. Ngn hng gim st do cng ty qun l Qu la chn v phi c Ban i din qu chp thun hoc c i hi ngi u t thng qua. Vic la chn v thay i ngn hng gim st phi bo co y ban Chng khon Nh nc. 2. Ngn hng gim st phi p ng cc iu kin sau y : a) C Giy php lu k chng khon do y ban Chng khon Nh nc cp; b) Khng s hu bt k ti sn no ca Qu u t chng khon; c) Khng phi l ngi c lin quan vi cng ty qun l Qu u t chng khon. iu 94. Trch nhim ca ngn hng gim st 1. Qun l tch bit ti sn ca tng qu vi cc ti sn khc. 2. Kim tra, gim st, bo m vic qun l qu ph hp vi php lut v iu l qu. 3. Thc hin hot ng thu, chi ca qu theo ng hng dn ca cng ty qun l Qu. 4. Xc nhn bo co do cng ty qun l Qu lp c lin quan ti ti sn v hot ng ca Qu. 5. Thc hin ch bo co nh k, bo co bt thng ng quy nh v bo co theo yu cu ca y ban Chng khon Nh nc. 6. Khi pht hin Ban i din qu, cng ty qun l Qu tin hnh cc hot ng vi phm php lut hoc tri vi iu l qu phi bo co y ban Chng khon Nh nc

51

iu 95. Thu t hot ng gim st ti sn qu Ngn hng gim st ch c hng cc li ch quy nh trong iu l qu; khng c nhn bt c mt li ch no khc cho chnh mnh hoc cho ngi th ba. iu 96. Ch bo co ca cng ty qun l Qu u t chng khon 1. Cng ty qun l Qu u t chng khon phi thc hin ch bo co nh k hng thng, qu, nm v hot ng ca cng ty v ti sn ca cc Qu u t chng khon do cng ty qun l theo quy nh ca php lut. Bo co ti chnh nm ca cng ty qun l Qu u t chng khon v bo co v ti sn hng nm ca cc Qu u t chng khon do cng ty qun l Qu qun l phi c kim ton bi mt t chc kim ton c chp thun. 2. Cng ty qun l Qu phi bo co y ban Chng khon Nh nc nhng s kin sau y : a) Tng, gim vn iu l; b) Thay i tn cng ty; c) Thay i thnh vin Hi ng qun tr, thnh vin Ban Gim c; d) Sa i, b sung iu l cng ty v iu l qu do cng ty qun l; ) Cc s kin bt thng c th gy nh hng nghim trng n kh nng ti chnh v hot ng u t ca cng ty v ca cc qu do cng ty qun l. 3. Trong trng hp cn thit, cng ty qun l Qu phi bo co theo yu cu ca y ban Chng khon Nh nc. iu 97. Chng ch hnh ngh qun l Qu Gim c, Ph gim c (Tng gim c, Ph tng gim c) cng ty qun l Qu, ngi iu hnh qu phi c chng ch hnh ngh qun l qu. Th tc cp chng ch hnh ngh qun l qu c p dng theo quy nh ti iu 73 Ngh nh ny.

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Vic gia hn, thu hi chng ch hnh ngh qun l qu c p dng theo quy nh ti iu 75 Ngh nh ny. iu 98. Hn ch i vi ngi hnh ngh qun l qu Ngi hnh ngh qun l qu khng c : 1. Lm gim c hoc c ng s hu trn 5% c phiu c quyn biu quyt ca mt t chc pht hnh chng khon. 2. ng thi lm vic cho hai hay nhiu cng ty qun l Qu. Chng X
Tham gia ca bn nc ngoi

iu 99. Nguyn tc chung Bn nc ngoi tham gia u t hoc hot ng kinh doanh chng khon ti Vit Nam phi tun th cc quy nh ca Ngh nh ny v php lut Vit Nam. iu 100. u t chng khon T chc, c nhn nc ngoi c mua, bn chng khon trn th trng chng khon Vit Nam theo t l do Th tng Chnh ph quy nh. iu 101. Thnh lp t chc kinh doanh chng khon 1. T chc kinh doanh chng khon nc ngoi c tham gia gp vn, mua c phn, gp vn lin doanh thnh lp cng ty chng khon hoc cng ty qun l Qu vi i tc Vit Nam. Vic thnh lp cng ty lin doanh phi c y ban Chng khon Nh nc cp Giy php. T l gp vn ca t chc kinh doanh chng khon nc ngoi trong lin doanh do Th tng Chnh ph quy nh. 2. Cng ty qun l Qu u t chng khon nc ngoi mun m chi nhnh hot ng ti Vit Nam phi c y ban Chng khon Nh nc cp Giy php. iu 102. Vn phng i din

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T chc kinh doanh chng khon nc ngoi t Vn phng i din ti Vit Nam phi c y ban Chng khon Nh nc cp Giy php. Vic thnh lp v hot ng ca Vn phng i din ca t chc kinh doanh chng khon nc ngoi theo quy nh ca php lut. Chng XI
Cc hnh vi b cm

iu 103. Giao dch ni gin 1. Cm cc i tng bit thng tin ni b thc hin cc hnh vi sau y : a) S dng thng tin ni b mua, bn chng khon cho chnh mnh hoc cho bn th ba; b) Tit l, cung cp thng tin ni b hoc t vn cho bn th ba mua, bn chng khon trn c s thng tin ni b. 2. Cc t chc, c nhn sau y c coi l ngi bit thng tin ni b : a) Thnh vin Hi ng qun tr, Ban Gim c, Ban Kim sot t chc pht hnh, t chc nim yt; b) Ngi tip cn c thng tin ni b do v tr cng vic trong t chc pht hnh, t chc nim yt; c) C ng ln ca t chc pht hnh, t chc nim yt; d) C nhn lm vic ti y ban Chng khon Nh nc, Trung tm Giao dch Chng khon, S Giao dch Chng khon v ti cc c quan khc c tip cn vi thng tin ni b; ) Ngi kim ton hot ng ti chnh ca t chc pht hnh, t chc nim yt; e) C nhn lm vic trong cc t chc c quan h hp tc kinh doanh vi t chc pht hnh, t chc nim yt; g) C nhn lm vic trong cc t chc trung gian trn th trng chng khon; h) Cc t chc, c nhn c lin quan khc.

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3. Thng tin ni b l thng tin c nh hng ln n gi chng khon trn th trng, cha cng b hoc khng c cng b ra cng chng. iu 104. Lng on th trng T chc, c nhn khng c trc tip hoc gin tip tham gia vo cc hot ng di y: 1. Giao dch chng khon m khng thay i quyn s hu chng khon; 2. Thng ng thc hin vic mua, bn chng khon nhm to cung, cu gi to; 3. Tham gia hoc li ko ngi khc lin tc mua, bn thao tng gi chng khon. iu 105. Thng tin sai s tht Cm t chc, c nhn to dng, truyn b thng tin sai s tht, gy nh hng nghim trng ti cc hot ng giao dch chng khon. iu 106. Bn khng Cm mi t chc, c nhn bn chng khon m khng s hu chng khon vo thi im giao dch. iu 107. Lm thit hi li ch ca ngi u t Cm cc cng ty chng khon v nhn vin ca mnh thc hin cc hnh vi sau y : 1. Lm tri lnh t mua, bn ca ngi u t; 2. Khng cung cp xc nhn giao dch theo quy nh; 3. T mua, bn chng khon trn ti khon ca khch hng hoc mn danh ngha khch hng mua, bn chng khon; 4. Cc hnh vi khc lm thit hi n li ch ca ngi u t. iu 108. Php nhn m ti khon di danh ngha c nhn

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Cm php nhn ly danh ngha c nhn m ti khon mua, bn chng khon. Chng XII
Qun l Nh nc v chng khon v th trng chng khon

iu 109. Qun l nh nc v chng khon v th trng chng khon 1. Chnh ph thng nht qun l nh nc v chng khon v th trng chng khon. 2. Cc B, y ban Chng khon Nh nc, y ban nhn dn cc tnh, thnh ph trc thuc Trung ng thc hin qun l nh nc i vi chng khon v th trng chng khon theo quy nh ca Chnh ph. iu 110. Ni dung qun l nh nc v chng khon v th trng chng khon 1. Ban hnh cc vn bn quy phm php lut v chng khon v th trng chng khon; xy dng chin lc, chnh sch, k hoch pht trin th trng chng khon. 2. Cp, gia hn, nh ch, thu hi cc loi Giy php lin quan n vic pht hnh, nim yt, kinh doanh v dch v chng khon v thu l ph cp Giy php theo quy nh ca php lut. 3. T chc v qun l th trng giao dch chng khon c t chc v cc t chc trung gian, t chc ph tr hot ng trn th trng chng khon. 4. Thanh tra, gim st v x l cc vi phm php lut v chng khon v th trng chng khon. 5. o to nghip v, tuyn truyn ph bin kin thc v chng khon v th trng chng khon. 6. Hp tc quc t v chng khon v th trng chng khon.

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Chng XIII
Thanh tra, gim st, gii quyt tranh chp, khiu ni, t co v x l vi phm

iu 111. Thanh tra, gim st v x l vi phm T chc pht hnh, nim yt, giao dch, kinh doanh, cung cp dch v chng khon, c nhn hot ng chng khon phi chu s thanh tra, gim st v x l vi phm ca y ban Chng khon Nh nc theo quy nh ca php lut. iu 112. i tng v phm vi thanh tra, gim st v x l vi phm 1. i tng thanh tra, gim st bao gm : a) T chc pht hnh chng khon ra cng chng; b) T chc nim yt chng khon; c) Trung tm Giao dch Chng khon, S Giao dch Chng khon; d) Trung tm Lu k Chng khon; ) Cng ty chng khon, cng ty qun l Qu u t chng khon, Qu u t chng khon, t chc ng k, lu k thanh ton b tr chng khon, ngn hng gim st, ngn hng ch nh thanh ton; e) Ngi hnh ngh kinh doanh chng khon; g) T chc v c nhn c lin quan n hot ng chng khon v th trng chng khon. 2. Phm vi thanh tra, gim st bao gm : a) Hot ng pht hnh chng khon; b) Hot ng nim yt chng khon; c) Hot ng giao dch chng khon; d) Hot ng kinh doanh, cung cp dch v chng khon;

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) Hot ng cng b thng tin. iu 113. Gii quyt tranh chp 1. Cc tranh chp pht sinh trong hot ng chng khon v th trng chng khon phi c gii quyt trn c s thng lng v ho gii. Trung tm Giao dch Chng khon, S Giao dch Chng khon, y ban Chng khon Nh nc c th lm trung gian ho gii cc tranh chp pht sinh. Trng hp ho gii khng thnh, cc bn c th yu cu trng ti hoc to n gii quyt theo quy nh ca php lut. 2. i vi tranh chp c lin quan ti bn nc ngoi, nu cc bn khng tho thun ha gii c th tranh chp c gii quyt theo php lut Vit Nam; nu c iu c quc t m Vit Nam k kt hoc tham gia, th gii quyt theo quy nh ca iu c quc t. iu 114. Gii quyt khiu ni, t co y ban Chng khon Nh nc c trch nhim gii quyt cc khiu ni, t co thuc lnh vc chng khon v th trng chng khon theo quy nh php lut v gii quyt khiu ni, t co. iu 115. X l vi phm T chc, c nhn c hoc v vi phm cc quy nh ca Ngh nh ny v cc vn bn php lut khc v chng khon v th trng chng khon th tu theo tnh cht, mc vi phm m b x l k lut, x pht vi phm hnh chnh hoc b truy cu trch nhim hnh s theo quy nh ca php lut; nu gy ra thit hi, th phi bi thng theo quy nh ca php lut. Chng XIV
iu khon thi hnh

iu 116. Ngh nh ny c hiu lc sau 15 ngy, k t ngy ng Cng bo v thay th Ngh nh s 48/1998/N-CP ngy 11 thng 7 nm 1998 ca Chnh ph. Nhng quy nh trc y tri vi Ngh nh ny u b bi b.

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iu 117. Ch tch y ban Chng khon Nh nc c trch nhim trnh c quan nh nc c thm quyn hng dn thc hin Ngh nh ny. iu 118. Cc B trng, Th trng c quan ngang B, Th trng c quan thuc Chnh ph, Ch tch y ban nhn dn cc tnh, thnh ph trc thuc Trung ng chu trch nhim thi hnh Ngh nh ny ./.

tm. chnh ph Th tng

Ni nhn : - k - Ban B th Trung ng ng, - Th tng, cc Ph Th tng Chnh ph, - Cc B, c quan ngang B, c quan thuc Chnh ph, - HND, UBND cc tnh, thnh ph trc thuc Trung ng, - Vn phng Quc hi, - Vn phng Ch tch nc, - Vn phng Trung ng v cc Ban ca ng, - Vin Kim st nhn dn ti cao, - To n nhn dn ti cao, - C quan Trung ng ca cc on th, - Cng bo, - VPCP : BTCN, cc PCN, cc V, Cc, cc n v trc thuc, - Lu : KTTH (5b), Vn th.

Phan Vn Khi