Chuyn 3

PHP LUT V CHNG KHON V TH TRNG CHNG KHON

(2 tn ch) T hp 3: Lut Thng mi 4 Bin son: TS. Nguyn Hp Ton

VN BN PHP LUT
Vn bn lin quan trc tip 1. Lut Chng khon nm 2006 2. Ngh nh s 14/2007/N-CP ngy 19-1-2007 quy nh chi tit thi hnh mt s iu ca Lut Chng khon. Vn bn chuyn ngnh 1. Quyt nh s 171/2008/Q-TTg ngy 18-12-2008 v vic thnh lp Trung tm lu k chng khon Vit Nam 2. Quyt nh s 87/2007/Q-BTC ngy 22-10-2007 v vic ban hnh quy ch ng k, lu k, b tr v thanh ton chng khon. 3. Thng t s 18/2007/TT-BTC ngy 13-8-2007 hng dn vic mua, bn li c phiu v mt s trng hp pht hnh thm c phiu ca cng ty i chng 4. Quyt nh s 45/2007/Q-BTC ngy 5-6-2007 v vic ban hnh Quy ch thnh lp v qun l Qu u t chng khon (Dng ng). 5. Quyt nh s 27/2007/Q-BTC ngy 24-4-2007 v vic ban hnh quy ch t chc v hot ng ca cng ty chng khon 6. Quyt nh s 35/2007/Q-BTC ngy 15-5-2007 v vic ban hnh Quy ch t chc v hot ng ca Cng ty qun l qu. 7. Quyt nh s 115/2007/Q-UBCK ngy 13-2-2007 v vic ban hnh Quy ch mu v bn u gi c phn ti Trung tm giao dch chng khon. 8. Thng t s 17/2007/TT-BTC ngy 13-3-2007 hng dn H s ng k cho bn chng khon ra cng chng. 9. Quyt nh s 12/2007/Q-BTC ngy 13-3-2007 v vic ban hnh Quy ch qun tr cng ty p dng cho cc cng ty nim yt trn S giao dch chng khon/ Trung tm giao dch chng khon. 10. Quyt nh s 15/2007/Q-BTC ngy 19-3-2007 v vic ban hnh iu l mu p dng cho cc cng ty nim yt trn S giao dch chng khon/ Trung tm giao dch chng khon. 11. Quyt nh s 13/2007/Q-BTC ngy 13-3-2007 ban hnh mu Bn co bch trong H s ng k cho bn chng khon ra cng chng v h s nim yt chng khon ti S giao dch chng khon, Trung tm giao dch chng khon.
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12. Thng t s 38/2007/TT-BTC ngy 18-4-2007 hng dn v vic cng b thng tin trn th trng chng khon. 13. Ngh nh s 36/2007/N-CP ngy 8-3-2007 v x pht vi phm hnh chnh trong lnh vc chng khon v th trng chng khon. 14. Thng t s 97/2007/TT-BTC ngy 8-8-2007 hng dn thi hnh mt s iu ca Ngh nh s 36/2007 15. Thng t lin tch s 46/2009/TTLT- BTC-BCA ngy 11-3-2009 hng dn phi hp x l vi phm php lut trong lnh vc chng khon v th trng chng khon 16. Ngh nh s 52/2006/N-CP ngy 19-5-2006 v pht hnh tri phiu doanh nghip. 17. Ngh nh s 53/2009/N-CP ngy 4-6-2009 v pht hnh tri phiu quc t 18. Quyt nh s 55/2009/Q-TTg ngy 15-4-2009 v t l tham gia ca nh u t nc ngoi trn th trng chng khon Vit Nam 19. Quyt nh s 63/2007/Q- TTg ngy 10-5-2007 v vic quy nh chc nng, nhim v, quyn hn v c cu t chc ca y ban chng khon nh nc thuc B Ti chnh 20. Quyt nh s 02/2008/Q- BTC ngy 14-1-2008 quy nh nhim v, quyn hn v c cu t chc ca cc ban, vn phng, c quan i din v thanh tra y ban chng khon nh nc 21. Quyt nh s 49/2008/Q- BTC ngy 8-7-2008 v vic sa i, b sung Quyt nh s 02/2008/Q- BTC ngy 14-1-2008 quy nh nhim v, quyn hn v c cu t chc ca cc ban, vn phng, c quan i din v thanh tra y ban chng khon nh nc 22. Quyt nh s 29/2009/Q-TTg ngy 20-2-2009 v ch t ch v bin ch v kinh ph hot ng ca y ban chng khon nh nc 23. Thng t s 50/2009/TT-BTC ngy 16-3-2009 hng dn giao dch in t trn th trng chng khon 24. Quyt nh s 15/2008/Q-BTC ngy 27-3-2008 ban hnh Quy ch hnh ngh chng khon Vn bn chung 1. B lut dn s nm 2005 2. Lut Thng mi nm 2005 3. Lut Doanh nghip nm 2005 Ti liu v vn bn lin quan khc 1. Sch: Th trng hng ho giao sau. Vin Nghin cu thng mi B Thng mi, NXB Lao ng 2000.

2. Ch th s 03/2007/CT-NHNN ngy 28-5-2007 v kim sot quy m, cht lng tn dng v cho vay u t, kinh doanh chng khon nhm kim sot lm pht, thc y tng trng kinh t 3. Quyt nh s 03/2008/Q-NHNN ngy 1-2-2008 v vic cho vay, chit khu giy t c gi u t v kinh doanh chng khon 4. Ngh nh s 109/2007/N-CP ngy 26-6-2007 v vic chuyn doanh nghip 100% vn nh nc thnh cng ty c phn. Vn bn c th v cc th trng chng khon Vit Nam 1.Quyt nh s 124/Q-SGDHCM ngy 9-10-2007 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch giao dch chng khon ti S Giao dch chng khon Thnh ph H Ch Minh 2. Quyt nh s 03/Q-SGDHCM ngy 4-1-2008 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch thnh vin giao dch ti S Giao dch chng khon Thnh ph H Ch Minh 3. Quyt nh s 168/Q-SGDHCM ngy 7-12-2007 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch nim yt chng khon ti S Giao dch chng khon Thnh ph H Ch Minh 4. Quyt nh s 09/Q-SGDHCM ngy 20-3-2008 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch cng b thng tin ca S Giao dch chng khon Thnh ph H Ch Minh 5. Quyt nh s 599/Q-TTg ngy 11/05/2007 ca Th tng Chnh ph v chuyn Trung tm Giao dch Chng khon Thnh ph H Ch Minh thnh S Giao dch Chng khon Thnh ph H Ch Minh 6. Quyt nh s 2644/Q-BTC ngy 6/08/2007 ca B Ti chnh v vic ban hnh iu l t chc v hot ng ca S Giao dch Chng khon Thnh ph H Ch Minh 7. Quyt nh s 01/2009/Q-TTg ngy 2-01-2009 ca Th tng Chnh ph v vic thnh lp S giao dch chng khon H Ni ( khai trng S GDCK HN ngy 246-2009) 8. Quyt nh s 1788/Q-BTC ngy 30-5-2005 ca B trng B Ti Chnh quy nh chc nng, nhim v, quyn hn v c cu t chc ca Trung tm Giao dch Chng khon H Ni 9. Quyt nh s 301/Q-UBCK ngy 9-5-2006 ca Ch tch U ban Chng khon Nh nc ban hnh Quy ch xt duyt ng k pht hnh chng khon ra cng chng, cp php nim yt chng khon, cp php hot ng kinh doanh v dch v chng khon 10. Quyt nh s 420/Q-TTGDHN ngy 31-12-2007 ca Gim c Trung tm giao dch chng khon H Ni v vic ban hnh Quy ch nim yt chng khon ti Trung tm giao dch chng khon H Ni
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11. Quyt nh s 353/Q-TTGDHN ngy 26-11-2007 ca Gim c Trung tm giao dch chng khon H Ni ban hnh Quy ch giao dch chng khon ti Trung tm giao dch chng khon H Ni 12. Quyt nh s 3567/Q-BTC ngy 8-11-2007 ca B Ti chnh v vic ph duyt Phng n t chc v qun l giao dch chng khon ca cng ty i chng cha nim yt 13. Quyt nh s 322/Q-TTGDHN ngy 9-11-2007 ca Gim c Trung tm giao dch chng khon H Ni v vic ban hnh Quy ch cng b thng tin trn Trung tm giao dch chng khon H Ni 14. Quyt nh s 86/Q-TTGDHN ngy 28-10-2005 ca Gim c Trung tm giao dch chng khon H Ni ban hnh Quy trnh giao dch chng khon ti Trung tm giao dch chng khon H Ni 15. Quyt nh s 22/Q-TTGDHN ngy 22-5-2006 ca Gim c Trung tm giao dch chng khon H Ni v vic sa i Quyt nh s 86/Q-TTGDHN ngy 2810-2005 16. Quyt nh s 243/Q-TTGDHN ngy 12-9-2007 ca Gim c Trung tm Giao dch Chng khon H Ni ban hnh Quy ch thnh vin giao dch ti Trung tm Giao dch Chng khon H Ni 17. Quyt nh s 321/Q-TTGDHN ngy 9-11-2007 ca Gim c Trung tm Giao dch Chng khon H Ni v vic sa i Quy ch thnh vin giao dch ti Trung tm Giao dch Chng khon H Ni ban hnh km theo Quyt nh s 243/Q-TTGDHN.

KHI QUT NI DUNG (5 phn)

Khi qut v th trng hng ho giao sau: Chng 2 HP lut thng mi 2 I. QUY CH PHP L CHUNG V CHNG KHON V TH TRNG CHNG KHON 1. Phm vi iu chnh v nguyn tc p dng ca Lut Chng khon 2006 a) Phm vi iu chnh b) Nguyn tc p dng Lut Chng khon 2. Hng ho trn th trng chng khon a) Khi nim chng khon b) Phn loi chng khon c) T chc pht hnh v t chc bo lnh pht hnh chng khon 3. u t chng khon a) Nh u t b) Nh u t chng khon chuyn nghip c) C ng ln
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d) T chc u t chng khon 4. Kinh doanh chng khon a) Hot ng kinh doanh chng khon b) T chc kinh doanh chng khon 5. Quy ch chung v th trng giao dch chng khon a) Khi nim th trng giao dch chng khon b) T chc th trng giao dch chng khon Vit Nam c)T chc v hot ng ca S giao dch chng khon, Trung tm giao dch chng khon d) B my qun l, iu hnh ca S giao dch chng khon, Trung tm giao dch chng khon ) iu l S giao dch chng khon, Trung tm giao dch chng khon e)Quyn v ngha v ca S giao dch chng khon, Trung tm giao dch chng khon g) Thnh vin giao dch trn th trng giao dch chng khon h) Phng thc giao dch trn th trng giao dch chng khon i) Nhng quy ch c th ca th trng giao dch chng khon 6. Dch v chng khon ti Trung tm lu k chng khon a) Trung tm lu k chng khon b) Thnh vin lu k c) Ni dung hot ng dch v chng khon 7. Cng b thng tin trn th trng chng khon a) i tng cng b thng tin b) Yu cu thc hin cng b thng tin c) Phng tin v hnh thc cng b thng tin d) Cng b thng tin ca cc i tng c th II. CH PHP L V PHT HNH V NIM YT CHNG KHON 1. Cho bn chng khon ra cng chng a) Khi nim b) Hnh thc cho bn chng khon ra cng chng c) iu kin cho bn chng khon ra cng chng d) H s ng k cho bn chng khon ra cng chng 2. Cho bn chng khon ra nc ngoi 3. Cho bn tri phiu bng ng Vit Nam ca T chc ti chnh quc t 4. Cng ty i chng a) Khi nim b) Nhng quy nh v qun tr cng ty i chng c) Qun tr cng ty nim yt 5. Nim yt chng khon
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a) Khi nim nim yt chng khon b) iu kin nim yt chng khon ti S giao dch chng khon, Trung tm giao dch chng khon c) Nim yt chng khon ti S giao dch chng khon nc ngoi III. CC T CHC U T CHNG KHON V NGN HNG GIM ST 1. Qu u t chng khon a) Khi nim v phn loi b) Quyn v ngha v ca nh u t tham gia vo qu u t chng khon c) Quy nh chung v thnh lp v hot ng ca qu u t chng khon d) Thnh lp v hot ng ca qu i chng ) Thnh lp v hot ng ca qu thnh vin 2. Cng ty u t chng khon a) Khi nim v phn loi b) Thnh lp cng ty u t chng khon c) Hot ng ca cng ty u t chng khon 3. Ngn hng gim st a) Chc nng b) Ngha v ca ngn hng gim st c) Hn ch i vi ngn hng gim st IV. CC T CHC KINH DOANH CHNG KHON 1. Thnh lp cng ty chng khon, cng ty qun l qu u t chng khon a) Loi hnh v nghip v kinh doanh b) iu kin cp Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu c)Thi hn cp Giy php thnh lp v hot ng d)Cng b Giy php thnh lp v hot ng ) Quy nh thm i vi cng ty chng khon, cng ty qun l qu c vn u t nc ngoi 2. Hot ng ca cng ty chng khon, cng ty qun l qu a) Ngha v ca cng ty chng khon, cng ty qun l qu b) Nhng hn ch i vi cng ty chng khon, cng ty qun l qu c) Cng ty chng khon ng k l thnh vin giao dch ca th trng giao dch chng khon (S giao dch chng khon, Trung tm giao dch chng khon), thnh vin lu k ca Trung tm lu k d) Quy nh v cnh bo ) B sung Giy php thnh lp v hot ng e) Nhng thay i phi c U ban Chng khon Nh nc chp thun g)Chia, tch, sp nhp, hp nht, chuyn i cng ty chng khon, cng ty qun l qu

h) nh ch, thu hi Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu i) Gii th, ph sn cng ty chng khon, cng ty qun l qu 3. Ngi hnh ngh chng khon V. QUN L NH NC V X L VI PHM TRONG HOT NG CHNG KHON 1. y ban chng khon nh nc a) Nhim v, quyn hn b)C cu t chc v bin ch 2. X l vi phm trong hot ng chng khon a) Nhng hnh vi b cm trong hot ng chng khon b) X pht vi phm hnh chnh c) X l hnh s vi phm php lut trong hot ng chng khon.

NI DUNG C TH
Tham kho: Khi qut th trng hng ho giao sau - Chng 2 lut Thng mi 2 I. QUY CH PHP L CHUNG V CHNG KHON V TH TRNG CHNG KHON 1. Phm vi iu chnh v nguyn tc p dng ca Lut Chng khon 2006 a) Phm vi iu chnh (1 LCK) Lut ny quy nh v hot ng *cho bn chng khon ra cng chng, *nim yt, *giao dch, *kinh doanh, *u t chng khon, *dch v v chng khon v th trng chng khon. + Phng thc pht hnh chng khon: Hin ti Vit Nam c 2 phng thc 1) Cho bn chng khon ra cng chng: Lut Chng khon 2006 2) Pht hnh ring l: Cho bn c phn ring l theo 87 Lut Doanh nghip 2005; pht hnh tri phiu doanh nghip theo N 52/2006/N-CP ngy 19-5-2006 v pht hnh tri phiu doanh nghip; Ngh nh s 109/2007/N-CP ngy 26-6-2007 v vic chuyn doanh nghip 100% vn nh nc thnh cng ty c phn; cng ty u t chng khon pht hnh ring l theo K3 21 N14/07. + Khi nim th trng chng khon: - Theo phm vi th trng: 2 ngha 2 mc
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1) Ngha rng: Cho mi phng thc pht hnh chng khon 2) Ngha hp: Th trng giao dch chng khon (K18 6 LCK) Ch i vi nhng giao dch tp trung trn th trng chng khon c t chc. Lut Chng khon 2006 iu chnh hot ng pht hnh theo phng thc cho bn chng khon ra cng chng v cc hot ng u t, kinh doanh, dch v chng khon trn th trng chng khon c t chc. Ngoi Lut Chng khon 2006, php lut v chng khon cn c nhng vn bn php lut v phng thc pht hnh ring l, cc giao dch chng khon khng thng qua th trng chng khon c t chc, nhng cng lin quan n pht hnh v giao dch chng khon trn th trng chng khon theo ngha rng. - Theo chc nng th trng: 1) Th trng s cp (cp I): Pht hnh chng khon 2) Th trng th cp (cp II): Trao i chng khon vi cc hnh thc tp trung, c t chc (S giao dch chng khon, Trung tm giao dch chng khon); giao dch qua quy ca cc nh bun (Th trng OTC- Over the Counter Markets); Th trng ca cc chng khon ch danh v giao dch khi; Th trng Private ca c phiu cc cng ty c phn ni b. b) Nguyn tc p dng Lut Chng khon (3 LCK) + Lut Chng khon 2006: Cho bn chng khon ra cng chng, th trng giao dch chng khon + Cc vn bn php lut c th, chuyn ngnh: Lut kinh doanh bo him 2000, Lut cc t chc tn dng 1997 (sa i, b sung nm 2004), cc Q, TT ca B Ti chnh, UBCKNN. + Cc vn bn php lut chung, vn bn lin quan khc: B lut dn s 2005, Lut Doanh nghip 2005 + p dng cc iu c quc t, cc cam kt ca Vit Nam gia nhp WTO. 2. Hng ho trn th trng chng khon a) Khi nim chng khon (K1 6 LCK) Chng khon l bng chng xc nhn quyn v li ch hp php ca ngi s hu i vi ti sn hoc phn vn ca t chc pht hnh. Chng khon c th hin di hnh thc *chng ch, * bt ton ghi s hoc *d liu in t, bao gm cc loi sau y: (2 nhm) 1) C phiu, tri phiu, chng ch qu: (Ti sn l giy t c gi) 2) Quyn mua c phn, chng quyn, quyn chn mua, quyn chn bn, hp ng tng lai, nhm chng khon hoc ch s chng khon: (Ti sn l quyn ti sn)

Theo Quy ch ng k, lu k, b tr v thanh ton chng khon ban hnh km theo Quyt nh s 87 /Q-BTC ngy 22 thng 10 nm 2007, c cc hnh thc chng khon: (2 hnh thc) 1) Chng khon chng ch l chng khon c pht hnh di hnh thc chng ch vt cht. Thng tin v vic s hu hp php ca ngi s hu chng khon c ghi nhn trn chng ch chng khon. (K1 2). 2) Chng khon ghi s l chng khon c pht hnh di hnh thc bt ton ghi s hoc d liu in t. Thng tin v vic s hu hp php ca ngi s hu chng khon ghi s c ghi nhn trn s ng k ngi s hu chng khon (K2 2). b) Phn loi chng khon (K1---8 6 LCK) (7) 1. C phiu l loi chng khon xc nhn quyn v li ch hp php ca ngi s hu i vi mt phn vn c phn ca t chc pht hnh. C phiu ch c pht hnh bi cng ty c phn. 2. Tri phiu l loi chng khon xc nhn quyn v li ch hp php ca ngi s hu i vi mt phn vn n ca t chc pht hnh. C th do cc cng ty, cc t chc pht hnh. 3. Chng ch qu l loi chng khon xc nhn quyn s hu ca nh u t i vi mt phn vn gp ca qu i chng. 4. Quyn mua c phn l loi chng khon do cng ty c phn pht hnh km theo t pht hnh c phiu b sung nhm bo m cho c ng hin hu quyn mua c phiu mi theo nhng iu kin c xc nh. 5. Chng quyn l loi chng khon c pht hnh cng vi vic pht hnh tri phiu hoc c phiu u i, cho php ngi s hu chng khon c quyn mua mt s c phiu ph thng nht nh theo mc gi c xc nh trc trong thi k nht nh. 6. Quyn chn mua, quyn chn bn l quyn c ghi trong hp ng cho php ngi mua la chn quyn mua hoc quyn bn mt s lng chng khon c xc nh trc trong khong thi gian nht nh vi mc gi c xc nh trc. 7. Hp ng tng lai l cam kt mua hoc bn cc loi chng khon, nhm chng khon hoc ch s chng khon nht nh vi mt s lng v mc gi nht nh vo ngy xc nh trc trong tng lai.
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c) T chc pht hnh v t chc bo lnh pht hnh chng khon c1. T chc pht hnh (K13 6 LCK) 13. T chc pht hnh l t chc thc hin pht hnh chng khon ra cng chng. Nh vy, trong chng ny, theo phm vi iu chnh ca Lut Chng khon, ch yu ni ti cc t chc pht hnh chng khon ra cng chng, ch mt s t t chc pht hnh chng khon ring l (Cng ty u t chng khon pht hnh ring l -21 N14/07) c2. T chc bo lnh pht hnh (K14 6 LCK) (2) 14. T chc bo lnh pht hnh l * cng ty chng khon c php hot ng bo lnh pht hnh chng khon v *ngn hng thng mi c y ban Chng khon Nh nc chp thun bo lnh pht hnh tri phiu theo iu kin do B Ti chnh quy nh 3. u t chng khon a) Nh u t (K10 6 LCK) Nh u t l t chc, c nhn Vit Nam v t chc, c nhn nc ngoi tham gia u t trn th trng chng khon. Cc loi nh u t chng khon: - Nh u t chng khon chuyn nghip - Cc t chc u t chng khon - T chc, c nhn Vit Nam v nc ngoi khc tham gia u t chng khon - Khi nim c ng ln. b) Nh u t chng khon chuyn nghip (K11 6 LCK) Nh u t chng khon chuyn nghip l: (5) * Ngn hng thng mi, * Cng ty ti chnh, * Cng ty cho thu ti chnh, * T chc kinh doanh bo him, * T chc kinh doanh chng khon: Cng ty CK, Cty qun l Qu u t CK c) C ng ln (K9 6 LCK) C ng ln l c ng s hu trc tip hoc gin tip t nm phn trm (5%) tr ln s c phiu c quyn biu quyt ca t chc pht hnh. d) Cc t chc u t chng khon nghip) (2 - ngoi 5 nh u t chng khon chuyn

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d1. Qu u t chng khon (K27 6 LCK) Qu u t chng khon l qu hnh thnh t vn gp ca nh u t vi mc ch kim li nhun t vic u t vo chng khon hoc cc dng ti sn u t khc, k c bt ng sn, trong nh u t khng c quyn kim sot hng ngy i vi vic ra quyt nh u t ca qu. Qu u t chng khon c 2 loi hnh: Qu i chng v Qu thnh vin + Qu i chng l qu u t chng khon thc hin cho bn chng ch qu ra cng chng. Qu i chng c 2 loi: - Qu m l qu i chng m chng ch qu cho bn ra cng chng phi c mua li theo yu cu ca nh u t. - Qu ng l qu i chng m chng ch qu cho bn ra cng chng khng c mua li theo yu cu ca nh u t. + Qu thnh vin l qu u t chng khon c s thnh vin tham gia gp vn khng vt qu ba mi thnh vin v ch bao gm thnh vin l php nhn. d2. Cng ty u t chng khon (96 LCK, 21 N 14/2007) Cng ty u t chng khon c t chc di hnh thc cng ty c phn theo quy nh ca Lut doanh nghip u t chng khon. C 2 loi cng ty u t chng khon: + Cng ty u t chng khon i chng l cng ty u t chng khon cho bn c phiu ra cng chng; + Cng ty u t chng khon pht hnh ring l. 4. Kinh doanh chng khon (K19 6 LCK) a) Hot ng kinh doanh chng khon Hot ng kinh doanh chng khon l vic thc hin nghip v: 1) Mi gii chng khon, 2) T doanh chng khon, 3) Bo lnh pht hnh chng khon, 4) T vn u t chng khon, 5) Lu k chng khon, 6) Qun l qu u t chng khon, (-) 7) Qun l danh mc u t chng khon.

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1) Mi gii chng khon l vic cng ty chng khon lm trung gian thc hin mua, bn chng khon cho khch hng.
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2) T doanh chng khon l vic cng ty chng khon mua hoc bn chng khon cho chnh mnh. 3) Bo lnh pht hnh chng khon l vic t chc bo lnh pht hnh cam kt vi 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 ca t chc pht hnh hoc h tr t chc pht hnh trong vic phn phi chng khon ra cng chng. 4) T vn u t chng khon l vic cng ty chng khon cung cp cho nh u t kt qu phn tch, cng b bo co phn tch v khuyn ngh lin quan n chng khon. 5) Lu k chng khon l vic nhn k gi, bo qun, chuyn giao chng khon cho khch hng, gip khch hng thc hin cc quyn lin quan n s hu chng khon. - ng k chng khon l vic ghi nhn quyn s hu v cc quyn khc ca ngi s hu chng khon. 6) Qun l qu u t chng khon: (Mt dch v kinh doanh chng khon ca cng ty qun l qu u t chng khon- C mc nghin cu ring pha di) 7) Qun l danh mc u t chng khon l vic cng ty qun l qu u t chng khon thc hin qun l theo u thc ca tng nh u t trong mua, bn, nm gi chng khon. b) Cc t chc kinh doanh chng khon (2) b1. Cng ty chng khon (60 LCK) 1. Cng ty chng khon c thc hin mt, mt s hoc ton b nghip v kinh doanh sau y: (4+1) a) Mi gii chng khon; b) T doanh chng khon; c) Bo lnh pht hnh chng khon; d) T vn u t chng khon. 2. Cng ty chng khon ch c php thc hin nghip v bo lnh pht hnh chng khon khi thc hin nghip v t doanh chng khon.

12

3. Ngoi cc nghip v kinh doanh quy nh ti khon 1 iu ny, cng ty chng khon c cung cp dch v t vn ti chnh v cc dch v ti chnh khc. b2. Cng ty qun l Qu u t chng khon (Cng ty qun l Qu) c t chc di hnh thc cng ty TNHH, cng ty c phn thuy nh ca Lut doanh nghip: (59, 61 LCK) 1. Cng ty qun l qu c thc hin cc nghip v kinh doanh sau y: (2+1) a) Qun l qu u t chng khon; b) Qun l danh mc u t chng khon. 3. Ngoi cc nghip v kinh doanh quy nh ti khon 1 iu ny, cng ty qun l qu c huy ng v qun l cc qu u t nc ngoi c mc tiu u t vo Vit Nam. 5. Quy ch chung v th trng giao dch chng khon (Theo ngha hp- Th cp) Vn bn: - 33---41 LCK - Quyt nh s 599/Q-TTg ngy 11/05/2007 ca Th tng Chnh ph v chuyn Trung tm Giao dch Chng khon Thnh ph H Ch Minh thnh S Giao dch Chng khon Thnh ph H Ch Minh - Quyt nh s 1788/Q-BTC ngy 30-5-2005 ca B trng B Ti Chnh quy nh chc nng, nhim v, quyn hn v c cu t chc ca Trung tm Giao dch Chng khon H Ni - Quyt nh s 01/2009/Q-TTg ngy 2-01-2009 ca Th tng Chnh ph v vic thnh lp S giao dch chng khon H Ni - Thng t s 50/2009/TT-BTC ngy 16-3-2009 hng dn giao dch in t trn th trng chng khon a) Khi nim th trng giao dch chng khon (K18 6 LCK) 18. Th trng giao dch chng khon l a im hoc hnh thc trao i thng tin tp hp lnh mua, bn v giao dch chng khon. (Ngha hp- Th trng tp trung, c t chc) b) T chc th trng giao dch chng khon Vit Nam (33 LCK) 1. S giao dch chng khon t chc th trng giao dch chng khon cho chng khon ca t chc pht hnh iu kin nim yt ti S giao dch chng khon. 2. Trung tm giao dch chng khon t chc th trng giao dch chng khon cho chng khon ca t chc pht hnh khng iu kin nim yt ti S giao dch chng khon.
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Ngoi S giao dch chng khon v Trung tm giao dch chng khon, khng t chc, c nhn no c php t chc th trng giao dch chng khon. Thc tin: Q 127/1998/Q-TTg ngy 11-7-1998 v vic thnh lp Trung tm giao dch chng khon. Sau Trung tm giao dch chng khon thnh ph H Ch Minh nng ln thnh S giao dch chng khon TP HCM theo K5 134 LCK 2006. (5. Trung tm giao dch chng khon c thnh lp theo Quyt nh s 127/1998/Q-TTg ngy 11 thng 7 nm 1998 ca Th tng Chnh ph phi thc hin th tc chuyn i thnh S giao dch chng khon, Trung tm giao dch chng khon theo quy nh ca Lut ny trong thi hn mi tm thng, k t ngy Lut ny c hiu lc thi hnh, 1-1-2007) c)T chc v hot ng ca S giao dch chng khon, Trung tm giao dch chng khon (34LCK) 1. S giao dch chng khon, Trung tm giao dch chng khon l php nhn thnh lp v hot ng theo m hnh *cng ty trch nhim hu hn hoc *cng ty c phn theo quy nh ca Lut ny. 2. Th tng Chnh ph quyt nh vic thnh lp, gii th, chuyn i c cu t chc, hnh thc s hu ca S giao dch chng khon, Trung tm giao dch chng khon theo ngh ca B trng B Ti chnh 3. S giao dch chng khon, Trung tm giao dch chng khon c chc nng t chc v gim st hot ng giao dch chng khon nim yt ti S giao dch chng khon, Trung tm giao dch chng khon. 4. Hot ng ca S giao dch chng khon, Trung tm giao dch chng khon phi tun th quy nh ca Lut ny v iu l S giao dch chng khon, Trung tm giao dch chng khon. 5. S giao dch chng khon, Trung tm giao dch chng khon chu s qun l v gim st ca U ban Chng khon Nh nc. d) B my qun l, iu hnh ca S giao dch chng khon, Trung tm giao dch chng khon (35LCK) 1. S giao dch chng khon, Trung tm giao dch chng khon c Hi ng qun tr, Gim c, Ph Gim c v Ban kim sot.

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2. Ch tch Hi ng qun tr, Gim c S giao dch chng khon, Trung tm giao dch chng khon do B trng B Ti chnh ph chun theo ngh ca Hi ng qun tr, sau khi c kin ca Ch tch U ban Chng khon Nh nc. 3. Quyn v nhim v ca Hi ng qun tr, Gim c, Ph Gim c v Ban kim sot c quy nh ti iu l S giao dch chng khon, Trung tm giao dch chng khon. ) iu l S giao dch chng khon,Trung tm giao dch chng khon (36LCK) 1. iu l S giao dch chng khon, Trung tm giao dch chng khon c B Ti chnh ph chun theo ngh ca Hi ng qun tr S giao dch chng khon, Trung tm giao dch chng khon sau khi c kin ca Ch tch U ban Chng khon Nh nc. 2. iu l S giao dch chng khon, Trung tm giao dch chng khon c cc ni dung chnh sau y: (14) a) Tn, a ch; b) Mc tiu hot ng; c) Vn iu l; cch thc tng vn, gim vn hoc chuyn nhng vn iu l; d) Tn, a ch v cc thng tin c bn ca c ng sng lp hoc thnh vin gp vn hoc Ch s hu; ) Phn vn gp hoc s c phn v gi tr vn gp ca c ng sng lp hoc thnh vin gp vn; e) Ngi i din theo php lut; g) C cu t chc qun l; h) Quyn v ngha v ca thnh vin gp vn hoc c ng; i) Quyn v nhim v ca Hi ng qun tr, Gim c, Ph Gim c v Ban kim sot; k) Th thc thng qua quyt nh ca S giao dch chng khon, Trung tm giao dch chng khon; l) Th thc sa i, b sung iu l; m) Ch k ton, kim ton c p dng; n) Vic thnh lp cc qu, c ch s dng qu; nguyn tc s dng li nhun, x l l v ch ti chnh khc; o) Nguyn tc gii quyt tranh chp ni b. e)Quyn v ngha v ca S giao dch chng khon, Trung tm giao dch chng khon e1. Quyn: (37LCK) (9)
15

1. Ban hnh cc quy ch v nim yt chng khon, giao dch chng khon, cng b thng tin v thnh vin giao dch sau khi c U ban Chng khon Nh nc chp thun. 2. T chc v iu hnh hot ng giao dch chng khon ti S giao dch chng khon, Trung tm giao dch chng khon. 3. Tm ngng, nh ch hoc hu b giao dch chng khon theo Quy ch giao dch chng khon ca S giao dch chng khon, Trung tm giao dch chng khon trong trng hp cn thit bo v nh u t. 4. Chp thun, hu b nim yt chng khon v gim st vic duy tr iu kin nim yt chng khon ca cc t chc nim yt ti S giao dch chng khon, Trung tm giao dch chng khon. 5. Chp thun, hu b t cch thnh vin giao dch; gim st hot ng giao dch chng khon ca cc thnh vin giao dch ti S giao dch chng khon, Trung tm giao dch chng khon. 6. Gim st hot ng cng b thng tin ca cc t chc nim yt, thnh vin giao dch ti S giao dch chng khon, Trung tm giao dch chng khon. 7. Cung cp thng tin th trng v cc thng tin lin quan n chng khon nim yt. 8. Lm trung gian ho gii theo yu cu ca thnh vin giao dch khi pht sinh tranh chp lin quan n hot ng giao dch chng khon. 9. Thu ph theo quy nh ca B Ti chnh. e2. Ngha v (38LCK) (6) 1. Bo m hot ng giao dch chng khon trn th trng c tin hnh cng khai, cng bng, trt t v hiu qu. 2. Thc hin ch k ton, kim ton, thng k, ngha v ti chnh theo quy nh ca php lut. 3. Thc hin cng b thng tin theo quy nh ti iu 107 ca Lut ny.

16

4. Cung cp thng tin v phi hp vi cc c quan nh nc c thm quyn trong cng tc iu tra v phng, chng cc hnh vi vi phm php lut v chng khon v th trng chng khon. 5. Phi hp thc hin cng tc tuyn truyn, ph bin kin thc v chng khon v th trng chng khon cho nh u t. 6. Bi thng thit hi cho thnh vin giao dch trong trng hp S giao dch chng khon, Trung tm giao dch chng khon gy thit hi cho thnh vin giao dch, tr trng hp bt kh khng. g)Thnh vin giao dch trn th trng giao dch chng khon (39LCK) g1. Khi nim Thnh vin giao dch ti S giao dch chng khon, Trung tm giao dch chng khon l cng ty chng khon c S giao dch chng khon, Trung tm giao dch chng khon chp thun tr thnh thnh vin giao dch. g2. iu kin, th tc tr thnh thnh vin giao dch ti S giao dch chng khon, Trung tm giao dch chng khon quy nh ti Quy ch thnh vin giao dch ca S giao dch chng khon, Trung tm giao dch chng khon. g3. Quyn v ngha v ca thnh vin giao dch + Quyn (4) a) S dng h thng giao dch v cc dch v do S giao dch chng khon, Trung tm giao dch chng khon cung cp; b) Nhn cc thng tin v th trng giao dch chng khon t S giao dch chng khon, Trung tm giao dch chng khon; c) ngh S giao dch chng khon, Trung tm giao dch chng khon lm trung gian ho gii khi c tranh chp lin quan n hot ng giao dch chng khon ca thnh vin giao dch; d) xut v kin ngh cc vn lin quan n hot ng ca S giao dch chng khon, Trung tm giao dch chng khon; ) Cc quyn khc quy nh ti Quy ch thnh vin giao dch ca S giao dch chng khon, Trung tm giao dch chng khon. + Ngha v (6) a) Tun th cc ngha v quy nh ti iu 71 ca Lut ny; b) Chu s gim st ca S giao dch chng khon, Trung tm giao dch chng khon;

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c) Np ph thnh vin, ph giao dch v cc ph dch v khc theo quy nh ca B Ti chnh; d) Cng b thng tin theo quy nh ti iu 104 ca Lut ny v Quy ch cng b thng tin ca S giao dch chng khon, Trung tm giao dch chng khon; ) H tr cc thnh vin giao dch khc theo yu cu ca S giao dch chng khon, Trung tm giao dch chng khon trong trng hp cn thit; e) Cc ngha v khc quy nh ti Quy ch thnh vin giao dch ca S giao dch chng khon, Trung tm giao dch chng khon. Quy ch thnh vin ca S GDCK TP HCM v TTGDCKHN: - Quyt nh s 03/Q-SGDHCM ngy 4-1-2008 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch thnh vin giao dch ti S Giao dch chng khon Thnh ph H Ch Minh - Quyt nh s 243/Q-TTGDHN ngy 12-9-2007 ca Gim c Trung tm Giao dch Chng khon H Ni ban hnh Quy ch thnh vin giao dch ti Trung tm Giao dch Chng khon H Ni - Quyt nh s 321/Q-TTGDHN ngy 9-11-2007 ca Gim c Trung tm Giao dch Chng khon H Ni v vic sa i Quy ch thnh vin giao dch ti Trung tm Giao dch Chng khon H Ni ban hnh km theo Quyt nh s 243/Q-TTGDHN h) Phng thc giao dch trn th trng giao dch chng khon (41 LCK) Quy nh chung: Thng t s 50/2009/TT-BTC ngy 16-3-2009 hng dn giao dch in t trn th trng chng khon h1. Phng thc giao dch chng khon ti S giao dch chng khon a) S giao dch chng khon t chc giao dch chng khon nim yt theo phng thc khp lnh tp trung v phng thc giao dch khc quy nh ti Quy ch giao dch chng khon ca S giao dch chng khon. b) Chng khon nim yt ti S giao dch chng khon khng c giao dch bn ngoi S giao dch chng khon, tr trng hp quy nh ti Quy ch giao dch chng khon ca S giao dch chng khon. Vn bn: - Quyt nh s 124/Q-SGDHCM ngy 9-10-2007 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch giao dch chng khon ti S Giao dch chng khon Thnh ph H Ch Minh h2. Phng thc giao dch chng khon ti Trung tm giao dch chng khon
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a) Trung tm giao dch chng khon t chc giao dch chng khon nim yt theo phng thc tho thun v cc phng thc giao dch khc quy nh ti Quy ch giao dch chng khon ca Trung tm giao dch chng khon. b) Chng khon nim yt ti Trung tm giao dch chng khon c giao dch ti cng ty chng khon l thnh vin giao dch ca Trung tm giao dch chng khon theo Quy ch giao dch chng khon ca Trung tm giao dch chng khon. S giao dch chng khon, Trung tm giao dch chng khon t chc giao dch loi chng khon mi, thay i v p dng phng thc giao dch mi, a vo vn hnh h thng giao dch mi phi c U ban Chng khon Nh nc chp thun. Vn bn: - Quyt nh s 353/Q-TTGDHN ngy 26-11-2007 ca Gim c Trung tm giao dch chng khon H Ni ban hnh Quy ch giao dch chng khon ti Trung tm giao dch chng khon H Ni - Quyt nh s 3567/Q-BTC ngy 8-11-2007 ca B Ti chnh v vic ph duyt Phng n t chc v qun l giao dch chng khon ca Cng ty i chng cha nim yt i) Nhng quy ch c th ca th trng giao dch chng khon Nhng quy ch c th ca S giao dch chng khon v Trung tm giao dch chng khon v: (4) + Quy ch nim yt chng khon - Q s 168/Q-SGDHCM ngy 7-12-2007 v vic ban hnh Quy ch nim yt chng khon ti S Giao dch chng khon Thnh ph H Ch Minh - Quyt nh s 301/Q-UBCK ngy 9-5-2006 ca Ch tch U ban Chng khon Nh nc ban hnh Quy ch xt duyt ng k pht hnh chng khon ra cng chng, cp php nim yt chng khon, cp php hot ng kinh doanh v dch v chng khon - Quyt nh s 420/Q-TTGDHN ngy 31-12-2007 ca Gim c Trung tm giao dch chng khon H Ni v vic ban hnh Quy ch nim yt chng khon ti Trung tm giao dch chng khon H Ni - Q s 3567/Q- BTC ngy 8-11-2007 v vic ph duyt Phng n t chc v qun l giao dch chng khon ca cng ty i chng cha nim yt. + Quy ch thnh vin + Quy ch giao dch + Quy ch cng b thng tin:

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- Thng t s 38/2007/TT-BTC ngy 18-4-2007 hng dn v vic cng b thng tin trn th trng chng khon. - Quyt nh s 09/Q-SGDHCM ngy 20-3-2008 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch cng b thng tin ca S Giao dch chng khon Thnh ph H Ch Minh - Quyt nh s 322/Q-TTGDHN ngy 9-11-2007 ca Gim c Trung tm giao dch chng khon H Ni v vic ban hnh Quy ch cng b thng tin trn Trung tm giao dch chng khon H Ni 6. Dch v chng khon ti Trung tm lu k chng khon Dch v trn th trng chng khon gm nhiu hot ng: (4) 1) Cc hot ng dch v chng khon ti Trung tm lu k chng khon. * 2) Qun l qu ca cng ty qun l qu; 3) Bo lnh pht hnh chng khon, t vn u t chng khon ca cng ty chng khon; 4) Hot ng gim st ca ngn hng gim st i vi vic qun l qu i chng, cng ty u t chng khon. . a) Trung tm lu k chng khon (42---58 LCK) - Quyt nh s 171/2008/Q-TTg ngy 18-12-2008 v vic thnh lp Trung tm lu k chng khon Vit Nam - Quyt nh s 87/2007/Q-BTC ngy 22-10-2007 v vic ban hnh quy ch ng k, lu k, b tr v thanh ton chng khon (Hot ng c th) a1. T chc v hot ng ca Trung tm lu k chng khon (42 LCK) (V xem c th trong Quyt nh s 171/2008/Q-TTg ngy 18-12-2008 v vic thnh lp Trung tm lu k chng khon Vit Nam) 1. Trung tm lu k chng khon l php nhn thnh lp v hot ng theo m hnh cng ty trch nhim hu hn hoc cng ty c phn theo quy nh ca Lut ny. 2. Th tng Chnh ph quyt nh vic thnh lp, gii th, chuyn i c cu t chc, hnh thc s hu ca Trung tm lu k chng khon theo ngh ca B trng B Ti chnh. 3. Trung tm lu k chng khon c chc nng t chc v gim st hot ng *ng k, * lu k, *b tr v *thanh ton chng khon. (Gi chung l Trung tm lu k chng khon) 4. Hot ng ca Trung tm lu k chng khon phi tun th quy nh ca Lut ny v iu l Trung tm lu k chng khon.
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5. Trung tm lu k chng khon chu s qun l v gim st ca U ban Chng khon Nh nc. a2. B my qun l, iu hnh ca Trung tm lu k chng khon (43 LCK) 1. Trung tm lu k chng khon c Hi ng qun tr, Gim c, Ph Gim c v Ban kim sot. 2. Ch tch Hi ng qun tr, Gim c Trung tm lu k chng khon do B trng B Ti chnh ph chun theo ngh ca Hi ng qun tr sau khi c kin ca Ch tch U ban Chng khon Nh nc. 3. Quyn v nhim v ca Hi ng qun tr, Gim c, Ph Gim c v Ban kim sot c quy nh ti iu l Trung tm lu k chng khon. a3. iu l Trung tm lu k chng khon (44 LCK) 1. iu l Trung tm lu k chng khon c B Ti chnh ph chun theo ngh ca Hi ng qun tr sau khi c kin ca Ch tch U ban Chng khon Nh nc. 2. iu l Trung tm lu k chng khon c cc ni dung chnh sau y: (14) a) Tn, a ch tr s chnh, chi nhnh; b) Mc tiu hot ng; c) Vn iu l; cch thc tng vn, gim vn hoc chuyn nhng vn iu l; d) Tn, a ch v cc thng tin c bn ca c ng sng lp hoc thnh vin gp vn hoc Ch s hu; ) Phn vn gp hoc s c phn v gi tr vn gp ca c ng sng lp hoc thnh vin gp vn; e) Ngi i din theo php lut; g) C cu t chc qun l; h) Quyn v ngha v ca thnh vin gp vn hoc c ng; i) Quyn v nhim v ca Hi ng qun tr, Gim c, Ph Gim c v Ban kim sot; k) Th thc thng qua quyt nh ca Trung tm lu k chng khon; l) Th thc sa i, b sung iu l; m) Ch k ton, kim ton c p dng; n) Vic thnh lp cc qu, c ch s dng qu; nguyn tc s dng li nhun, x l l v ch ti chnh khc; o) Nguyn tc gii quyt tranh chp ni b. a4. Quyn v ngha v ca Trung tm lu k chng khon
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+ Quyn (45 LCK) (4) 1. Ban hnh quy ch ng k, lu k, b tr v thanh ton chng khon sau khi c U ban Chng khon Nh nc chp thun. 2. Chp thun, hu b t cch thnh vin lu k; gim st vic tun th quy nh ca thnh vin lu k theo quy ch ca Trung tm lu k chng khon. 3. Cung cp dch v ng k, lu k, b tr v thanh ton chng khon v dch v khc c lin quan n lu k chng khon theo yu cu ca khch hng. 4. Thu ph theo quy nh ca B Ti chnh. + Ngha v (46 LCK) (10) 1. Bo m c s vt cht, k thut phc v cho cc hot ng ng k, lu k, b tr v thanh ton chng khon. 2. Xy dng quy trnh hot ng v qun l ri ro cho tng nghip v. 3. Qun l tch bit ti sn ca khch hng. 4. Bi thng thit hi cho khch hng trong trng hp khng thc hin ngha v gy thit hi n li ch hp php ca khch hng, tr trng hp bt kh khng. 5. Hot ng v li ch ca ngi gi chng khon hoc ngi s hu chng khon. 6. C bin php bo v c s d liu v lu gi cc chng t gc v ng k, lu k, b tr v thanh ton chng khon theo quy nh ca php lut v k ton, thng k. 7. Trch lp qu phng nga ri ro nghip v b p cc tn tht cho khch hng do s c k thut, do s sut ca nhn vin trong qu trnh hot ng. Qu phng nga ri ro nghip v c trch lp t cc khon thu nghip v theo quy nh ca B Ti chnh. 8. Cung cp cc thng tin lin quan n vic s hu chng khon ca khch hng theo yu cu ca cng ty i chng, t chc pht hnh. 9. Thc hin ch k ton, kim ton, thng k, ngha v ti chnh theo quy nh ca php lut; thc hin ch bo co v hot ng lu k chng khon theo quy nh ca B Ti chnh. 10. Chu trch nhim v hot ng lu k, thanh ton ti tr s chnh, chi nhnh ng k hot ng lu k. b)Thnh vin Trung tm lu k chng khon (2 loi thnh vin) + Thnh vin lu k (47 LCK, 7---13 N87/2007) Thnh vin lu k l *cng ty chng khon, *ngn hng thng mi hot ng ti Vit Nam c U ban Chng khon Nh nc cp Giy chng nhn ng
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k hot ng lu k chng khon v c Trung tm lu k chng khon chp thun tr thnh thnh vin lu k. + Thnh vin m ti khon trc tip (9 N87/07-BTC)

1. Cc t chc sau y c ng k lm thnh vin m ti khon trc tip ti TTLKCK: (6) a) Ngn hng Nh nc. b) Kho bc Nh nc. c) Tng cng ty u t v kinh doanh vn Nh nc. d) Cc t chc tn dng, bo him tham gia th trng tri phiu do SGDCK, TTGDCK t chc. ) Trung tm lu k cc nc. e) Cc i tng khc theo qui nh ca TTLKCK. 2. Thnh vin m ti khon trc tip l Ngn hng Nh nc m ti khon lu k chng khon l cc loi giy t c gi thuc s hu ca chnh Ngn hng Nh nc v cc khch hng lu k ca Ngn hng Nh nc nhm phc v cho mc ch giao dch trn th trng tin t. 3. Cc thnh vin m ti khon trc tip quy nh ti im b, c v d Khon 1 iu ny m ti khon lu k cc chng khon thuc s hu ca chnh mnh v c s dng dch v lu k, ng k, b tr v thanh ton ca TTLKCK b1. iu kin ng k (thnh vin) hot ng lu k chng khon (48 LCK) + i vi ngn hng thng mi (3) a) C Giy php thnh lp v hot ng ti Vit Nam; b) N qu hn khng qu nm phn trm tng d n, c li trong nm gn nht; c) C a im, trang b, thit b phc v hot ng ng k, lu k, thanh ton cc giao dch chng khon. + i vi cng ty chng khon (2) a) C Giy php thnh lp v hot ng thc hin nghip v mi gii hoc t doanh chng khon; b) C a im, trang b, thit b phc v hot ng ng k, lu k, thanh ton cc giao dch chng khon. b2. Quyn v ngha v ca thnh vin lu k + Thnh vin lu k c cc quyn sau y:

(3)
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a) Cung cp dch v lu k v thanh ton cc giao dch chng khon cho khch hng; b) Thu ph theo quy nh ca B Ti chnh; c) Cc quyn khc theo quy nh ca php lut v theo quy ch ca Trung tm lu k chng khon. + Thnh vin lu k c cc ngha v sau y: (3) a) Tun th cc ngha v quy nh ti iu 46 ca Lut ny; b) ng gp qu h tr thanh ton theo quy nh ti quy ch ca Trung tm lu k chng khon; c) Cc ngha v khc theo quy nh ca php lut v theo quy ch ca Trung tm lu k chng khon. + H s ng k hot ng lu k chng khon: (49 LCK) + Thi hn cp Giy chng nhn ng k hot ng lu k chng khon: (50 LCK) + nh ch, thu hi Giy chng nhn ng k hot ng lu k CK: (51 LCK) c) Ni dung hot ng dch v chng khon ti Trung tm lu k chng khon Vn bn: Quyt nh s 87/2007/N-BTC ngy 22-10-2007 v vic ban hnh quy ch ng k, lu k, b tr v thanh ton chng khon c1. Cc khi nim (K24, 25 4 LCK) K24 4 LCK: Lu k chng khon l vic nhn k gi, bo qun, chuyn giao chng khon cho khch hng, gip khch hng thc hin cc quyn lin quan n s hu chng khon. K24 4 LCK: ng k chng khon l vic ghi nhn quyn s hu v cc quyn khc ca ngi s hu chng khon. K6 2 Q87/07- BTC: Thnh vin ca TTLKCK (thnh vin) l thnh vin lu k v thnh vin m ti khon trc tip ti TTLKCK. c2. Cc hot ng dch v c th (3) - ng k chng khon; - Lu k chng khon; - B tr v thanh ton giao dch chng khon 1) ng k chng khon: 14---20 Q 87/07- BTC Cc ni dung: + ng k v hy b ng k chng khon + Thng tin v chng khon ng k, i tng np h s ng k ti TTLKCK + Qun l thng tin chng khon ng k
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+ Hp ng cung cp dch v gia TTLKCK vi t chc pht hnh + Thc hin quyn ca ngi s hu chng khon + Chuyn quyn s hu chng khon Chuyn quyn s hu chng khon (54 LCK) 1. Vic chuyn quyn s hu i vi cc loi chng khon ng k ti Trung tm lu k chng khon c thc hin qua Trung tm lu k chng khon. 2. Hiu lc ca vic chuyn quyn s hu chng khon ti Trung tm lu k chng khon c quy nh nh sau: (2 trng hp) a) Trng hp chng khon c lu k tp trung ti Trung tm lu k chng khon, vic chuyn quyn s hu chng khon c hiu lc vo ngy thc hin bt ton ghi s trn ti khon lu k chng khon ti Trung tm lu k chng khon; b) Trng hp chng khon cha c lu k tp trung ti Trung tm lu k chng khon, vic chuyn quyn s hu chng khon c hiu lc vo ngy ghi s ng k chng khon do Trung tm lu k chng khon qun l 2) Lu k chng khon 21---31 Q 87/07- BTC Cc ni dung: +Nguyn tc lu k chng khon + M ti khon lu k chng khon + Cc loi ti khon lu k chng khon ca thnh vin ti TTLKCK + Qun l ti khon lu k chng khon ti TTLKCK + Cc loi ti khon lu k chng khon ca khch hng ti thnh vin lu k + Qun l ti khon lu k chng khon ti thnh vin lu k + Hiu lc lu k chng khon + K gi chng khon + Rt chng khon + Chuyn khon chng khon + Cm c v gii to cm c chng khon 53 LCK : Lu k chng khon 1. Chng khon ca cng ty i chng phi c lu k tp trung ti Trung tm lu k chng khon trc khi thc hin giao dch. 2. Chng khon lu k ti Trung tm lu k chng khon di hnh thc lu k tng hp. Ngi s hu chng khon l ngi ng s hu chng khon lu k tng hp theo t l chng khon c lu k.

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3. Trung tm lu k chng khon c nhn lu k ring bit i vi chng khon ghi danh v cc ti sn khc theo yu cu ca ngi s hu. 56 LCK : Bo v ti sn ca khch hng 1. Chng khon di dng vt cht hoc phi vt cht, cc ti sn khc ca khch hng do Trung tm lu k chng khon hoc thnh vin lu k qun l l ti sn ca ch s hu v khng c coi l ti sn ca Trung tm lu k chng khon hoc ca thnh vin lu k. 2. Trung tm lu k chng khon hoc thnh vin lu k khng c s dng chng khon ca khch hng gi ti Trung tm lu k chng khon hoc ti thnh vin lu k thanh ton cc khon n ca Trung tm lu k chng khon hoc thnh vin lu k. 57 LCK : Bo mt 1. Trung tm lu k chng khon v thnh vin lu k c trch nhim bo mt cc thng tin lin quan n s hu chng khon ca khch hng, t chi vic iu tra, phong to, cm gi, trch chuyn ti sn ca khch hng m khng c s ng ca khch hng. 2. Quy nh ti khon 1 iu ny khng p dng i vi cc trng hp sau y: (3) a) Kim ton vin thc hin kim ton bo co ti chnh ca Trung tm lu k chng khon hoc bo co ti chnh ca thnh vin lu k; b) Khch hng ca Trung tm lu k chng khon hoc thnh vin lu k mun bit thng tin lin quan n s hu chng khon ca chnh h; c) Cung cp thng tin theo yu cu ca c quan nh nc c thm quyn. 3) B tr v thanh ton giao dch chng khon 32---46 Q87/07- BTC Cc ni dung: +B tr v thanh ton giao dch chng khon + Thanh ton giao dch ca thnh vin + i chiu v xc nhn giao dch + Sa li sau giao dch i vi chng khon nim yt, Trch nhim ca cc bn lin quan trong vic sa li sau giao dch + Cc bin php khc phc tnh trng mt kh nng thanh ton giao dch chng khon nim yt + Khc phc mt kh nng thanh ton tin: Qu h tr thanh ton + Khc phc mt kh nng thanh ton chng khon
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+ Hu thanh ton giao dch chng khon nim yt + X l li giao dch i vi chng khon ca cng ty i chng cha nim yt + Ngn hng thanh ton. 55 LCK : B tr v thanh ton giao dch chng khon 1. Vic b tr v thanh ton giao dch chng khon c thc hin theo quy ch ca Trung tm lu k chng khon. 2. Thanh ton chng khon c thc hin qua Trung tm lu k chng khon, thanh ton tin giao dch chng khon c thc hin qua ngn hng thanh ton v phi tun th nguyn tc chuyn giao chng khon ng thi vi thanh ton tin. 55 LCK : Qu h tr thanh ton 1. Qu h tr thanh ton hnh thnh t s ng gp ca cc thnh vin lu k thanh ton thay cho thnh vin lu k trong trng hp thnh vin lu k tm thi mt kh nng thanh ton giao dch chng khon. 2. Qu h tr thanh ton do Trung tm lu k chng khon qun l v phi c tch bit vi ti sn ca Trung tm lu k chng khon. 3. Mc ng gp vo qu h tr thanh ton, phng thc h tr thanh ton, phng thc qun l v s dng qu h tr thanh ton thc hin theo quy ch ca Trung tm lu k chng khon. 7. Cng b thng tin trn th trng chng khon Vn bn: - iu 100 107, Chng VIII Lut Chng khon - Thng t s 38/2007/TT-BTC ngy 18-4-2007 hng dn v vic cng b thng tin trn th trng chng khon. - Quyt nh s 09/Q-SGDHCM ngy 20-3-2008 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch cng b thng tin ca S Giao dch chng khon Thnh ph H Ch Minh; - Quyt nh s 322/Q-TTGDHN ngy 9-11-2007 ca Gim c Trung tm giao dch chng khon H Ni v vic ban hnh Quy ch cng b thng tin trn Trung tm giao dch chng khon H Ni a) i tng cng b thng tin (100 LCK, Khon 1 Mc I TT 38/07 BTC): i tng cng b thng tin bao gm: Cng ty i chng, t chc pht hnh thc hin cho bn tri phiu ra cng chng, t chc nim yt, cng ty chng khon,

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cng ty qun l qu, cng ty u t chng khon, S giao dch chng khon (SGDCK), Trung tm Giao dch Chng khon (TTGDCK) v cc c nhn lin quan. b) Yu cu thc hin cng b thng tin (Khon 2 Mc I TT 38/07 BTC): 2.1. Vic cng b thng tin phi y , chnh xc v kp thi theo qui nh ca php lut. 2.2.Vic cng b thng tin phi do Gim c hoc Tng Gim c hoc ngi c u quyn cng b thng tin thc hin. Gim c hoc Tng Gim c phi chu trch nhim v ni dung thng tin do ngi c u quyn cng b thng tin cng b. Trng hp c bt k ngi no cng b thng tin lm nh hng n gi chng khon th ngi c u quyn cng b thng tin phi xc nhn hoc nh chnh thng tin trong thi hn hai mi bn (24) gi, k t khi thng tin trn c cng b. 2.3.Vic cng b thng tin phi c thc hin ng thi vi vic bo co U ban Chng khon Nh nc (UBCKNN), SGDCK hoc TTGDCK v ni dung thng tin cng b, c th nh sau: a. Cng ty i chng, t chc pht hnh thc hin cho bn tri phiu ra cng chng, cng ty chng khon, cng ty qun l qu, SGDCK, TTGDCK khi thc hin cng b thng tin phi ng thi bo co UBCKNN. b. T chc nim yt, cng ty chng khon thnh vin, cng ty u t chng khon i chng; cng ty qun l qu c qun l qu i chng/cng ty u t chng khon i chng khi thc hin cng b thng tin phi ng thi bo co UBCKNN, SGDCK hoc TTGDCK. 2.4.Vic cng b thng tin phi c thc hin ng thi trn cc phng tin thng tin i chng . 2.5. SGDCK, TTGDCK cung cp thng tin v t chc nim yt, cng ty qun l qu c qun l qu i chng/cng ty u t chng khon i chng; qu i chng, cng ty u t chng khon i chng cho cc cng ty chng khon thnh vin. Cc cng ty chng khon thnh vin c trch nhim cung cp ngay cc thng tin trn mt cch y cho nh u t. Ngi c y quyn cng b thng tin (Khon 3 Mc I TT 38/07 BTC): Cng ty i chng, t chc pht hnh thc hin cho bn tri phiu ra cng chng, t chc nim yt, cng ty chng khon, cng ty qun l qu, cng ty u t chng khon phi ng k ngi c u quyn thc hin cng b thng tin theo Mu CBTT-01 km theo Thng t ny. Trng hp thay i ngi c u quyn cng b thng tin phi thng bo bng vn bn cho UBCKNN, SGDCK, TTGDCK t nht nm (05) ngy lm vic trc khi c s thay i.
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c) Phng tin v hnh thc cng b thng tin (Khon 4 Mc I TT 38/07 BTC): 4.1.Vic cng b thng tin c thc hin qua cc phng tin cng b thng tin sau: a. Bo co thng nin, trang thng tin in t v cc n phm khc ca t chc thuc i tng cng b thng tin. b. Cc phng tin cng b thng tin ca UBCKNN bao gm: bo co thng nin, trang thng tin in t v cc n phm khc ca UBCKNN. c. Cc phng tin cng b thng tin ca SGDCK, TTGDCK bao gm: bn tin th trng chng khon, trang thng tin in t ca SGDCK, TTGDCK, bng hin th in t ti SGDCK, TTGDCK, cc trm u cui ti SGDCK, TGDCK. d. Phng tin thng tin i chng. 4.2. Cng ty i chng, t chc pht hnh thc hin cho bn tri phiu ra cng chng, cng ty chng khon, cng ty qun l qu thc hin cng b thng tin qua cc phng tin qui nh ti tit a, b, d im 4.1 khon ny. 4.3.T chc nim yt, cng ty chng khon thnh vin, cng ty u t chng khon i chng, cng ty qun l qu c qun l qu i chng/cng ty u t chng khon i chng thc hin cng b thng tin qua cc phng tin qui nh ti tit a, b, c, d im 4.1 khon ny. 4.4. SGDCK, TTGDCK thc hin cng b thng tin qua cc phng tin qui nh ti tit b, c, d im 4.1 khon ny. 4.5. Cc ti liu, bo co gi cho UBCKNN, SGDCK, TTGDCK c th hin di hnh thc vn bn v d liu in t theo qui nh ca UBCKNN, SGDCK, TTGDCK. 4.6. Cc i tng cng b thng tin phi lp trang thng tin in t ca mnh v phi thng xuyn cp nht vic cng b thng tin theo quy nh ti Thng t ny trn trang thng tin in t . Cc i tng cng b thng tin phi thng bo vi UBCKNN, SGDCK, TTGDCK v cng khai v a ch trang thng tin in t v mi thay i lin quan n a ch ny. d) Cng b thng tin ca cc i tng c th d1. Cng ty i chng - Cng b thng tin nh k - Cng b thng tin bt thng - Cng b thng tin theo yu cu d2. T chc pht hnh cho bn tri phiu ra cng chng d3. T chc nim yt
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- Cng b thng tin nh k - Cng b thng tin bt thng - Cng b thng tin theo yu cu - Cng b thng tin v giao dch ca cc c ng ni b d4. Cng ty chng khon, cng ty qun l qu - Cng b thng tin nh k - Cng b thng tin bt thng - Cng b thng tin theo yu cu d5. Cng b thng tin v qu i chng - Cng b thng tin nh k - Cng b thng tin bt thng - Cng b thng tin theo yu cu d6. Cng ty u t chng khon d7. Cng b thng tin v S giao dch chng khon, TTGDCK - Thng tin v giao dch chng khon ti SGDCK, TTGDCK - Thng tin v t chc nim yt ti SGDCK, TTGDCK; thng tin v cng ty chng khon thnh vin; cng ty qun l qu c qun l qu i chng/cng ty u t chng khon i chng;qu i chng, cng ty u t chng khon i chng - Thng tin gim st hot ng ca th trng chng khon II. CH PHP L V PHT HNH V NIM YT CHNG KHON 1. Cho bn chng khon ra cng chng (K12 6 LCK) a) Khi nim Cho bn chng khon ra cng chng l vic cho bn chng khon theo mt trong cc phng thc sau y: (3) 1) Thng qua phng tin thng tin i chng, k c Internet; 2) Cho bn chng khon cho t mt trm nh u t tr ln, khng k nh u t chng khon chuyn nghip; 3) Cho bn cho mt s lng nh u t khng xc nh. T chc pht hnh l t chc thc hin pht hnh chng khon ra cng chng. b) Hnh thc cho bn chng khon ra cng chng (11 LCK) 1. Hnh thc cho bn chng khon ra cng chng bao gm: (3) * Cho bn chng khon ln u ra cng chng, * Cho bn thm c phn hoc quyn mua c phn ra cng chng, * Cc hnh thc khc: Cho bn tri phiu
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2. Chnh ph quy nh c th hnh thc cho bn chng khon ra cng chng. iu 3 N 14/07: Hnh thc cho bn chng khon ra cng chng (3) 1. Cho bn c phiu, chng ch qu ln u ra cng chng bao gm: (2) a) Cho bn c phiu, chng ch qu ln u ra cng chng huy ng vn cho t chc pht hnh; b) Cho bn c phiu ln u ra cng chng tr thnh cng ty i chng thng qua thay i c cu s hu nhng khng lm tng vn iu l ca t chc pht hnh. 2. Cho bn thm c phiu, chng ch qu ra cng chng bao gm: (3)

a) Cng ty i chng cho bn thm c phiu ra cng chng hoc cho bn quyn mua c phn cho c ng hin hu tng vn iu l; b) Cng ty i chng cho bn tip c phiu ra cng chng thay i c cu s hu nhng khng lm tng vn iu l; c) Cng ty qun l qu cho bn thm chng ch qu ng ra cng chng; cng ty u t chng khon cho bn thm c phiu ra cng chng. 3. Cho bn tri phiu ra cng chng. c) iu kin cho bn chng khon ra cng chng (12 LCK) c1. iu kin chung i vi mi loi chng khon 1) iu kin cho bn c phiu ra cng chng (3) a) Doanh nghip c mc vn iu l gp ti thi im ng k cho bn t mi t ng Vit Nam tr ln tnh theo gi tr ghi trn s k ton; b) Hot ng kinh doanh ca nm lin trc nm ng k cho bn phi c li, ng thi khng c l lu k tnh n nm ng k cho bn; c) C phng n pht hnh v phng n s dng vn thu c t t cho bn c i hi ng c ng thng qua. 2) iu kin cho bn tri phiu ra cng chng (4) a) Doanh nghip c mc vn iu l gp ti thi im ng k cho bn t mi t ng Vit Nam tr ln tnh theo gi tr ghi trn s k ton; b) Hot ng kinh doanh ca nm lin trc nm ng k cho bn phi c li, ng thi khng c l lu k tnh n nm ng k cho bn, khng c cc khon n phi tr qu hn trn mt nm;

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c) C phng n pht hnh, phng n s dng v tr n vn thu c t t cho bn c Hi ng qun tr hoc Hi ng thnh vin hoc Ch s hu cng ty thng qua; d) C cam kt thc hin ngha v ca t chc pht hnh i vi nh u t v iu kin pht hnh, thanh ton, bo m quyn v li ch hp php ca nh u t v cc iu kin khc. 3) iu kin cho bn chng ch qu ra cng chng (2) a) Tng gi tr chng ch qu ng k cho bn ti thiu nm mi t ng Vit Nam; b) C phng n pht hnh v phng n u t s vn thu c t t cho bn chng ch qu ph hp vi quy nh ca Lut ny. Chnh ph quy nh iu kin cho bn chng khon ra cng chng i vi doanh nghip nh nc, doanh nghip c vn u t nc ngoi chuyn i thnh cng ty c phn, doanh nghip thnh lp mi thuc lnh vc c s h tng hoc cng ngh cao; cho bn chng khon ra nc ngoi v cc trng hp c th khc. c2. iu kin cho nhng trng hp pht hnh c th (4) 1) iu kin cho bn c phiu ln u ra cng chng ca mt s loi hnh doanh nghip (4 N14/2007) + i vi DN 100% vn nh nc chuyn i thnh cng ty c phn; + i vi DN c vn u t nc ngoi chuyn i thnh cng ty c phn; + i vi DN c vn u t nc ngoi chuyn i thnh cng ty c phn; + i vi DN thnh lp mi thuc lnh vc c s h tng; + i vi DN thnh lp mi thuc lnh vc cng ngh cao; + i vi cng ty u t chng khon (Chng V, N 14/2007). 2) iu kin cho bn cc loi chng khon khc (5 N14/2007) 1. Cng ty c phn cho bn tri phiu chuyn i, tri phiu c km theo chng quyn hoc chng quyn km theo c phiu u i ra cng chng phi p ng cc iu kin sau y: (2) a) Cc iu kin quy nh ti im a, b v d khon 2 iu 12 Lut Chng khon; b) C phng n pht hnh, phng n s dng vn thu c t t cho bn, k hoch pht hnh s c phiu cn thit cho vic chuyn i c i hi ng c ng thng qua. Phng n chuyn i bao gm iu kin, thi hn chuyn i, t l chuyn i, phng php tnh v cc iu kin khc c xc nh ngay trong phng n pht hnh.

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2. T chc pht hnh thc hin cho bn tri phiu c bo m ra cng chng theo mt trong hai phng thc bo m bng *bo lnh thanh ton hoc *bo m bng ti sn phi p ng cc iu kin sau y: (3) a) Cc iu kin quy nh ti khon 2 iu 12 Lut Chng khon; b) C cam kt bo lnh thanh ton km theo ti liu chng minh nng lc ti chnh ca t chc bo lnh trong trng hp bo m bng bo lnh thanh ton hoc c ti sn gi tr thanh ton tri phiu trong trng hp bo m bng ti sn. Gi tr ti sn dng bo m ti thiu bng tng gi tr tri phiu ng k cho bn. Vic nh gi ti sn dng bo m phi do c quan, t chc thm nh gi c thm quyn thc hin v c gi tr khng qu 12 thng k t ngy nh gi. Ti sn dng bo m phi c ng k vi c quan c thm quyn theo quy nh ca php lut v giao dch bo m. Quy nh ny khng p dng i vi trng hp t chc bo lnh thanh ton l Chnh ph hoc B Ti chnh thay mt Chnh ph bo lnh thanh ton theo thm quyn. c) T chc pht hnh phi ch nh i din ngi s hu tri phiu gim st vic thc hin cc cam kt ca t chc pht hnh. Cc i tng sau y khng c lm i din ngi s hu tri phiu: - T chc bo lnh vic thanh ton n ca t chc pht hnh; - C ng ln ca t chc pht hnh; - T chc c c ng ln l t chc pht hnh; - T chc c chung c ng ln vi t chc pht hnh; - T chc c chung ngi iu hnh vi t chc pht hnh hoc cng chu s kim sot ca t chc khc. 3. T chc pht hnh thc hin cho bn c phiu, tri phiu ra cng chng chung cho nhiu t phi p ng cc iu kin sau y: (3) a) Cc iu kin quy nh ti khon 1 hoc khon 2 iu 12 Lut Chng khon; b) C nhu cu huy ng vn lm nhiu t ph hp vi d n u t hoc k hoch sn xut kinh doanh c cp c thm quyn ph duyt; c) C k hoch cho bn trong nu r i tng, s lng v thi gian d kin cho bn ca tng t. 4. T chc tn dng p ng cc iu kin quy nh ti im a v c khon 3 iu ny c ng k cho bn tri phiu ra cng chng chung cho nhiu t trong 12 thng. B Ti chnh quy nh iu kin cho bn ra cng chng i vi nhng trng hp c th khc cn c vo tnh hnh pht trin ca th trng.

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d. H s ng k cho bn chng khon ra cng chng Thng t s 17/2007/TT-BTC ngy 13-3-2007 hng dn H s ng k cho bn chng khon ra cng chng. 2. Cho bn chng khon ra nc ngoi (6 N14/2007) 1. T chc pht hnh thc hin cho bn chng khon ra nc ngoi phi p ng cc iu kin sau y: (3) a) Khng thuc danh mc ngnh ngh m php lut cm bn nc ngoi tham gia v phi m bo t l tham gia ca bn nc ngoi theo quy nh ca php lut; b) C quyt nh thng qua vic cho bn chng khon ra nc ngoi v phng n s dng vn thu c ca Hi ng qun tr hoc i hi ng c ng (i vi cng ty c phn), ca Hi ng thnh vin (i vi cng ty trch nhim hu hn t hai thnh vin tr ln), hoc Ch s hu cng ty (i vi cng ty trch nhim hu hn mt thnh vin) hoc ca i din ch s hu vn (i vi cng ty nh nc); c) p ng cc iu kin cho bn theo quy nh ca c quan c thm quyn ca nc ni t chc pht hnh ng k cho bn. Quy nh v th tc: 2. Ti thiu 10 ngy trc khi gi h s ng k cho bn chng khon ra nc ngoi, t chc pht hnh phi gi cho y ban Chng khon Nh nc cc ti liu sau: (2) a) Bn sao h s ng k cho bn vi c quan c thm quyn ca nc ni t chc pht hnh ng k cho bn; b) Cc ti liu chng minh p ng iu kin quy nh ti khon 1 iu ny. 3. Trong thi hn 10 ngy, sau khi h s ng k cho bn chng khon ra nc ngoi c hiu lc, t chc pht hnh gi y ban Chng khon Nh nc bn sao h s ng k cho bn chng khon c chp thun nc ngoi v phi cng b ra cng chng cc thng tin v t cho bn. 4. T chc pht hnh cho bn chng khon ra nc ngoi c cc ngha v sau y: (2) a) Cng b thng tin theo quy nh ca php lut nc ngoi v php lut ca Vit Nam; b) Trng hp t chc pht hnh cho bn chng khon ng thi trong nc v ra nc ngoi, bo co ti chnh nh k phi c lp theo chun mc k ton quc t hoc theo chun mc k ton quc t v Vit Nam, km theo bn gii trnh cc im khc bit gia cc chun mc k ton.

34

5. Trong thi hn 15 ngy, sau khi kt thc t cho bn, t chc pht hnh gi y ban Chng khon Nh nc bo co kt qu t cho bn. 6. Th tc chuyn cc khon tin lin quan n t cho bn chng khon nc ngoi thc hin theo quy nh ca php lut v qun l ngoi hi. Xem thm: Ngh nh s 53/2009/N-CP ngy 4-6-2009 v pht hnh tri phiu quc t 3. Cho bn tri phiu bng ng Vit Nam ca T chc ti chnh quc t (6 N14/2007) 1. iu kin cho bn tri phiu bng ng Vit Nam ca t chc ti chnh quc t: (4) a) T chc pht hnh phi l t chc ti chnh quc t m Vit Nam l thnh vin; b) C phng n pht hnh v phng n s dng s tin thu c t t cho bn tri phiu ra cng chng cho cc d n m t chc thc hin u t ti Vit Nam c B Ti chnh chp thun; c) C cam kt thc hin cc ngha v ca t chc pht hnh i vi cc nh u t v iu kin pht hnh, thanh ton, bo m quyn v li ch hp php ca nh u t v cc iu kin khc; d) Cam kt thc hin cng b thng tin theo quy nh ca php lut Vit Nam. H s ng k cho bn tri phiu ra cng chng bng ng Vit Nam ca t chc ti chnh quc t bao gm: (4) a) Giy ng k cho bn tri phiu; b) D n u t bao gm phng n pht hnh v phng n s dng s tin thu c t t cho bn; c) Cam kt thc hin ngha v ca t chc pht hnh; d) Cc ti liu khc theo ngh ca B Ti chnh. 4. Cng ty i chng (25 ---32 LCK) a) Khi nim (25 LCK) Cng ty i chng l cng ty c phn thuc mt trong ba loi hnh sau y: (3) a) Cng ty thc hin cho bn c phiu ra cng chng; b) Cng ty c c phiu c nim yt ti S giao dch chng khon hoc Trung tm giao dch chng khon (Cng ty nim yt)

35

c) Cng ty c c phiu c t nht mt trm nh u t s hu, khng k nh u t chng khon chuyn nghip v c vn iu l gp t mi t ng Vit Nam tr ln. Cng ty c phn theo quy nh ti im c phi np H s cng ty i chng quy nh ti khon 1 iu 26 ca Lut ny cho U ban Chng khon Nh nc trong thi hn chn mi ngy, k t ngy tr thnh cng ty i chng. b) Nhng quy nh v qun tr cng ty i chng + Nguyn tc qun tr cng ty: Theo Lut Doanh nghip 2005 (28 LCK) + Quyn v ngha v ca cng ty i chng: (28 LCK) + Bo co v s hu ca c ng ln: (29 LCK) + Cng ty i chng mua li c phiu ca chnh mnh: 30 LCK, TT 18/2007/TTBTC ngy 13-3-2007 hng dn vic mua, bn li c phiu v mt s trng hp pht hnh thm c phiu ca cng ty i chng: - Mua li c phiu, bn c phiu qu (Cng ty i chng mua li c phiu ca chnh mnh lm c phiu qu ) - Cho mua cng khai - Mt s trng hp pht hnh thm c phiu ca cng ty i chng + Thu hi li nhun i vi cc giao dch khng cng bng: (31 LCK) + Cho mua cng khai: (32 LCK) c) Qun tr cng ty nim yt Vn bn: Q 12/2007/Q-BTC ngy 13-3-2007 v vic ban hnh Quy ch qun tr cng ty p dng cho cc cng ty nim yt trn S giao dch chng khon/ Trung tm giao dch chng khon + Gii thch thut ng trong Cng ty nim yt (iu 2 Q 12/07-BTC) - Qun tr cng ty l h thng cc quy tc m bo cho cng ty c nh hng iu hnh v c kim sot mt cch c hiu qu v quyn li ca c ng v nhng ngi lin quan n cng ty. - Cng ty nim yt l cng ty c phn c chp thun nim yt c phiu trn S Giao dch Chng khon/ Trung tm Giao dch Chng khon trn lnh th Vit Nam; - Ngi c lin quan l c nhn hoc t chc c quy nh trong Khon 34 iu 6 ca Lut Chng khon; 34 LCK: Ngi c lin quan l c nhn hoc t chc c quan h vi nhau trong cc trng hp sau y: (6) a) Cha, cha nui, m, m nui, v, chng, con, con nui, anh, ch em rut ca c nhn;
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b) T chc m trong c c nhn l nhn vin, Gim c hoc Tng gim c, ch s hu trn mi phn trm s c phiu lu hnh c quyn biu quyt; c) Thnh vin Hi ng qun tr, Ban kim sot, Gim c hoc Tng gim c, Ph Gim c hoc Ph Tng gim c v cc chc danh qun l khc ca t chc ; d) Ngi m trong mi quan h vi ngi khc trc tip, gin tip kim sot hoc b kim sot bi ngi hoc cng vi ngi chu chung mt s kim sot; ) Cng ty m, cng ty con; e) Quan h hp ng trong mt ngi l i din cho ngi kia. - Thnh vin Hi ng qun tr c lp l thnh vin Hi ng qun tr khng phi l Gim c hoc Tng gim c, Ph gim c hoc Ph tng gim c, k ton trng v nhng cn b qun l khc c Hi ng qun tr b nhim hoc c ng ln ca cng ty. + Nhng nguyn tc qun tr cng ty nim yt: (6) - m bo mt c cu qun tr hiu qu; - m bo quyn li ca c ng ; - i x cng bng gia cc c ng; - m bo vai tr ca nhng ngi c quyn li lin quan n cng ty; - Minh bch trong hot ng ca cng ty; - Hi ng qun tr v Ban kim sot lnh o v kim sot cng ty c hiu qu. + Nhng vn c th trong qun tr cng ty nim yt: 1) C ng v i hi ng c ng 2) Thnh vin Hi ng qun tr v Hi ng qun tr 3) Thnh vin Ban kim sot v Ban kim sot 4) Ngn nga xung t li ch v giao dch vi cc bn c quyn li lin quan n cng ty 5) o to v qun tr cng ty 6) Cng b thng tin v minh bch 7) Ch bo co, gim st v x l vi phm + iu l mu cng ty nim yt: Q 15/2007/Q-BTC ngy 19-3-2007 v vic ban hnh iu l mu p dng cho cc cng ty nim yt 5. Nim yt chng khon ( Chng III N14/2007)
37

Vn bn: - Chng III N14/2007 - Quyt nh s 168/Q-SGDHCM ngy 7-12-2007 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch nim yt chng khon ti S Giao dch chng khon Thnh ph H Ch Minh - Quyt nh s 420/Q-TTGDHN ngy 31-12-2007 ca Gim c Trung tm giao dch chng khon H Ni v vic ban hnh Quy ch nim yt chng khon ti Trung tm giao dch chng khon H Ni a) Khi nim nim yt chng khon (K17 6 LCK) 17. Nim yt chng khon l vic a cc chng khon c iu kin vo giao dch ti S giao dch chng khon hoc Trung tm giao dch chng khon b) iu kin nim yt chng khon ti S giao dch chng khon, Trung tm giao dch chng khon (40 LCK, 8---14 N 14/2007) b1. iu kin chung i vi cc t chc pht hnh 40 LCK: iu kin chung 1. T chc pht hnh khi nim yt chng khon ti S giao dch chng khon, Trung tm giao dch chng khon phi p ng cc iu kin v *vn, *hot ng kinh doanh v kh nng ti chnh, *s c ng hoc s ngi s hu chng khon. 2. T chc pht hnh np h s nim yt phi chu trch nhim v tnh chnh xc, trung thc v y ca h s nim yt. T chc t vn nim yt, t chc kim ton c chp thun, ngi k bo co kim ton v bt c t chc, c nhn no xc nhn h s nim yt phi chu trch nhim trong phm vi lin quan n h s nim yt. 3. Chnh ph quy nh iu kin, h s, th tc nim yt chng khon ti S giao dch chng khon, Trung tm giao dch chng khon v vic nim yt chng khon ti S giao dch chng khon nc ngoi. (5---17 N 14/2007) b2. iu kin i vi mi loi chng khon ti tng th trng giao dch chng khon + iu kin nim yt chng khon ti S Giao dch chng khon 14/2007) 1) iu kin nim yt c phiu (6) (8 N

a) L cng ty c phn c vn iu l gp ti thi im ng k nim yt t 80 t ng Vit Nam tr ln tnh theo gi tr ghi trn s k ton. Cn c vo tnh hnh
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pht trin th trng, mc vn c th c B Ti chnh iu chnh tng hoc gim trong phm vi ti a 30% sau khi xin kin Th tng Chnh ph; b) Hot ng kinh doanh hai nm lin trc nm ng k nim yt phi c li v khng c l lu k tnh n nm ng k nim yt; c) Khng c cc khon n qu hn cha c d phng theo quy nh ca php lut; cng khai mi khon n i vi cng ty ca thnh vin Hi ng qun tr, Ban kim sot, Gim c hoc Tng Gim c, Ph Gim c hoc Ph Tng Gim c, K ton trng, c ng ln v nhng ngi c lin quan; d) Ti thiu 20% c phiu c quyn biu quyt ca cng ty do t nht 100 c ng nm gi; ) C ng l thnh vin Hi ng qun tr, Ban kim sot, Gim c hoc Tng Gim c, Ph Gim c hoc Ph Tng Gim c v K ton trng ca cng ty phi cam kt nm gi 100% s c phiu do mnh s hu trong thi gian 6 thng k t ngy nim yt v 50% s c phiu ny trong thi gian 6 thng tip theo, khng tnh s c phiu thuc s hu Nh nc do cc c nhn trn i din nm gi; e) C h s ng k nim yt c phiu hp l theo quy nh ti khon 2 iu 10 Ngh nh ny. 2) iu kin nim yt tri phiu: (4)

a) L cng ty c phn, cng ty trch nhim hu hn, doanh nghip nh nc c vn iu l gp ti thi im ng k nim yt t 80 t ng Vit Nam tr ln tnh theo gi tr ghi trn s k ton; b) Hot ng kinh doanh ca hai nm lin trc nm ng k nim yt phi c li, khng c cc khon n phi tr qu hn trn mt nm v hon thnh cc ngha v ti chnh vi Nh nc; c) C t nht 100 ngi s hu tri phiu cng mt t pht hnh; d) C h s ng k nim yt tri phiu hp l theo quy nh ti khon 3 iu 10 Ngh nh ny. 3) iu kin nim yt chng ch qu i chng hoc c phiu ca cng ty u t chng khon i chng: (4) a) L qu ng c tng gi tr chng ch qu (theo mnh gi) pht hnh t 50 t ng Vit Nam tr ln hoc cng ty u t chng khon c vn iu l gp ti thi im ng k nim yt t 50 t ng Vit Nam tr ln tnh theo gi tr ghi trn s k ton; b) Sng lp vin v thnh vin Ban i din qu u t chng khon hoc thnh vin Hi ng qun tr, Ban kim sot, Gim c hoc Tng Gim c, Ph Gim c hoc Ph Tng Gim c, K ton trng ca cng ty u t chng khon phi cam
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kt nm gi 100% s chng ch qu hoc c phiu do mnh s hu trong thi gian 6 thng k t ngy nim yt v 50% s chng ch qu hoc c phiu ny trong thi gian 6 thng tip theo; c) C t nht 100 ngi s hu chng ch qu ca qu i chng hoc t nht 100 c ng nm gi c phiu ca cng ty u t chng khon i chng; d) C h s ng k nim yt chng ch qu i chng hoc c phiu ca cng ty u t chng khon i chng hp l theo quy nh ti khon 4 iu 10 Ngh nh ny. Trong thi gian thc hin chuyn i t Trung tm Giao dch chng khon thnh S Giao dch chng khon theo quy nh ti khon 5 iu 134 Lut Chng khon, t chc mi ng k nim yt chng khon ti Trung tm Giao dch chng khon thnh ph H Ch Minh phi p ng cc iu kin quy nh ti khon 1, khon 2 v khon 3 iu ny. + iu kin nim yt chng khon ti Trung tm Giao dch chng khon (9 N 14/2007) 1) iu kin nim yt c phiu (6)

a) L cng ty c phn c vn iu l gp ti thi im ng k nim yt t 10 t ng Vit Nam tr ln tnh theo gi tr ghi trn s k ton; b) Hot ng kinh doanh ca nm lin trc nm ng k nim yt phi c li, khng c cc khon n phi tr qu hn trn mt nm v hon thnh cc ngha v ti chnh vi Nh nc; c) C phiu c quyn biu quyt ca cng ty do t nht 100 c ng nm gi; d) C ng l thnh vin Hi ng qun tr, Ban Kim sot, Gim c hoc Tng gim c, Ph Gim c hoc Ph Tng gim c v K ton trng ca cng ty phi cam kt nm gi 100% s c phiu do mnh s hu trong thi gian 6 thng k t ngy nim yt v 50% s c phiu ny trong thi gian 6 thng tip theo, khng tnh s c phiu thuc s hu Nh nc do cc c nhn trn i din nm gi; ) C h s ng k nim yt c phiu hp l theo quy nh ti khon 2 iu 10 Ngh nh ny; e) Vic nim yt c phiu ca cc doanh nghip thnh lp mi thuc lnh vc c s h tng hoc cng ngh cao, doanh nghip 100% vn nh nc chuyn i thnh cng ty c phn khng phi p ng iu kin quy nh ti im b khon 1 iu ny. 2) iu kin nim yt tri phiu doanh nghip (3)

a) L cng ty c phn, cng ty trch nhim hu hn, doanh nghip nh nc c vn iu l gp ti thi im ng k nim yt t 10 t ng Vit Nam tr ln tnh theo gi tr ghi trn s k ton;
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b) Cc tri phiu ca mt t pht hnh c cng ngy o hn; c) C h s ng k nim yt tri phiu hp l theo quy nh ti khon 3 iu 10 Ngh nh ny. 3) Nhng trng hp khc 3. Tri phiu Chnh ph, tri phiu c Chnh ph bo lnh, tri phiu chnh quyn a phng c nim yt trn Trung tm Giao dch chng khon theo ngh ca t chc pht hnh tri phiu. 4. Chng khon tiu chun nim yt m cha nim yt ti Trung tm Giao dch chng khon c giao dch ti cng ty chng khon v chuyn kt qu giao dch thng qua Trung tm Giao dch chng khon thanh ton thng qua Trung tm Lu k chng khon. 5. Vic phn nh cc khu vc nim yt giao dch ti Trung tm Giao dch chng khon thc hin theo Quy ch nim yt ca Trung tm Giao dch chng khon sau khi c y ban Chng khon Nh nc chp thun.

6. B Ti chnh quy nh c th iu kin nim yt i vi cc loi chng khon khc trn Trung tm Giao dch chng khon. + Nhng quy nh khc c lin quan - H s ng k nim yt chng khon ti S Giao dch chng khon, Trung tm Giao dch chng khon (10 N 14/2007) - Trch nhim ca t chc ng k nim yt v cc t chc lin quan: (11 N 14/2007) - Th tc ng k nim yt: - Thay i ng k nim yt: - Hu b nim yt: (12 N 14/2007) (13 N 14/2007) (14 N 14/2007) (15---17

c) Nim yt chng khon ti S giao dch chng khon nc ngoi N 14/2007)

c.1. iu kin nim yt chng khon ti S Giao dch chng khon nc ngoi (3) 1. p ng iu kin quy nh ti im a khon 1 iu 6 Ngh nh ny. a) Khng thuc danh mc ngnh ngh m php lut cm bn nc ngoi tham gia v phi m bo t l tham gia ca bn nc ngoi theo quy nh ca php lut
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(Q 55/2009/Q-TTg ngy 15-4-2009 v t l tham gia ca nh u t nc ngoi trn th trng chng khon Vit Nam) 2. C quyt nh thng qua vic nim yt ti S Giao dch chng khon nc ngoi ca Hi ng qun tr hoc ca i hi ng c ng (i vi cng ty c phn), ca Hi ng thnh vin (i vi cng ty trch nhim hu hn t hai thnh vin tr ln), hoc Ch s hu cng ty (i vi cng ty trch nhim hu hn mt thnh vin) hoc ca i din ch s hu vn (i vi cng ty nh nc). 3. p ng cc iu kin nim yt ti S Giao dch chng khon ca nc m c quan qun l th trng chng khon hoc S Giao dch chng khon c tho thun hp tc vi y ban Chng khon Nh nc ca Vit Nam. c.2. Bo co v vic nim yt chng khon ti S Giao dch chng khon nc ngoi 1. Khi np h s nim yt ti S Giao dch chng khon nc ngoi, doanh nghip phi ng thi np cho y ban Chng khon Nh nc bn sao h s nim yt ti S Giao dch chng khon nc ngoi. Trng hp ang nim yt ti S Giao dch chng khon, Trung tm Giao dch chng khon trong nc th doanh nghip cn phi gi bn sao h s cho S Giao dch chng khon, Trung tm Giao dch chng khon ni chng khon ang nim yt. 2. Trong thi hn 15 ngy, k t ngy c chp thun nim yt hoc hu b nim yt ti S Giao dch chng khon nc ngoi, doanh nghip phi gi cho y ban chng khon nh nc bn sao giy chp thun nim yt hoc quyt nh hu b nim yt v cng b thng tin v vic nim yt hoc hu b nim yt chng khon ti S Giao dch chng khon nc ngoi, ti cc n phm v trang thng tin in t ca y ban Chng khon Nh nc. c.3. Ngha v ca doanh nghip c chng khon nim yt ti S Giao dch chng khon nc ngoi (4) 1. Cng b thng tin theo quy nh ca php lut nc ngoi v php lut ca Vit Nam. 2. m bo t l tham gia ca nh u t nc ngoi theo quy nh ca php lut. 3. Trng hp t chc ng thi nim yt th trng chng khon trong nc v nc ngoi, bo co ti chnh nh k phi c lp theo chun mc k ton quc t hoc theo chun mc k toasn quc t v Vit Nam, km theo bn gii trnh cc im khc bit gia cc chun mc k ton.

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4. Tun th quy nh v qun l ngoi hi ca Vit Nam i vi cc giao dch ngoi t lin quan n vic nim yt chng khon ti S Giao dch chng khon nc ngoi. III. CC T CHC U T CHNG KHON V NGN HNG GIM ST Cc t chc u t chng khon: (2) 1. Qu u t chng khon; 2. Cng ty u t chng khon 1. Qu u t chng khon a) Khi nim v phn loi + Qu u t chng khon l qu hnh thnh t vn gp ca nh u t vi mc ch kim li nhun t vic u t vo chng khon hoc cc dng ti sn u t khc, k c bt ng sn, trong nh u t khng c quyn kim sot hng ngy i vi vic ra quyt nh u t ca qu. (K27 6 LCK) + Phn loi: (2) 1) Qu i chng: Qu i chng l qu u t chng khon thc hin cho bn chng ch qu ra cng chng. (K28 6 LCK) C 2 loi Qu i chng: - Qu m l qu i chng m chng ch qu cho bn ra cng chng phi c mua li theo yu cu ca nh u t. (K30 6 LCK) - Qu ng l qu i chng m chng ch qu cho bn ra cng chng khng c mua li theo yu cu ca nh u t. (K31 6 LCK) 2) Qu thnh vin: Qu thnh vin l qu u t chng khon c s thnh vin tham gia gp vn khng vt qu ba mi thnh vin v ch bao gm thnh vin l php nhn. (K29 6 LCK) b) Quyn v ngha v ca nh u t tham gia vo qu u t chng khon (84 LCK) b1. Quyn ca nh u t (7) a) Hng li t hot ng u t ca qu u t chng khon tng ng vi t l vn gp; b) Hng cc li ch v ti sn c chia hp php t vic thanh l ti sn qu u t chng khon; c) Yu cu cng ty qun l qu hoc ngn hng gim st mua li chng ch qu m; d) Khi kin cng ty qun l qu, ngn hng gim st hoc t chc lin quan nu t chc ny vi phm quyn v li ch hp php ca mnh; ) Thc hin quyn ca mnh thng qua i hi nh u t;
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e) Chuyn nhng chng ch qu theo quy nh ti iu l qu u t chng khon; g) Cc quyn khc quy nh ti iu l qu u t chng khon. b2. Ngha v ca nh u t (3) a) Chp hnh quyt nh ca i hi nh u t; b) Thanh ton tin mua chng ch qu; c) Cc ngha v khc quy nh ti iu l qu u t chng khon. c) Quy nh chung v thnh lp v hot ng ca qu u t chng khon Vn bn: + 85---89 LCK + Quyt nh s 45/2007/Q-BTC ngy 5-6-2007 v vic ban hnh Quy ch thnh lp v qun l Qu u t chng khon iu 1 Q45/07-BTC: Phm vi iu chnh

1.Quy ch ny quy nh vic huy ng vn, thnh lp v qun l Qu u t chng khon dng ng, Qu thnh vin (sau y gi tt l Qu) v cc hot ng lin quan ti hot ng qun l Qu ca Cng ty qun l qu, Ngn hng lu k, Ngn hng gim st trn lnh th nc Cng ha X hi Ch ngha Vit Nam. 2.Quy nh v vic thnh lp v qun l Qu u t chng khon dng m, Cng ty u t chng khon c thc hin theo quy ch ring do B Ti chnh ban hnh ( ????) c1. i hi nh u t qu u t chng khon (85 LCK)

1. i hi nh u t qu u t chng khon gm tt c cc nh u t, l c quan quyt nh cao nht ca qu u t chng khon. 2. i hi nh u t qu u t chng khon c cc quyn v nhim v sau y: (11) a) Bu, min nhim, bi nhim Ch tch v thnh vin Ban i din qu u t chng khon; b) Quyt nh mc th lao v chi ph hot ng ca Ban i din qu u t chng khon; c) Thay i mc ph tr cho cng ty qun l qu v ngn hng gim st; d) Xem xt v x l vi phm ca cng ty qun l qu, ngn hng gim st v Ban i din qu gy tn tht cho qu u t chng khon; ) Quyt nh sa i, b sung iu l qu u t chng khon, Hp ng gim st; quyt nh vic nim yt chng ch qu ng;
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e) Quyt nh cc thay i c bn trong chnh sch u t, phng n phn phi li nhun, mc tiu u t ca qu u t chng khon v gii th qu u t chng khon; g) Quyt nh thay i cng ty qun l qu, ngn hng gim st; h) Yu cu cng ty qun l qu, ngn hng gim st trnh s sch hoc giy t giao dch ti i hi nh u t; i) Thng qua cc bo co v tnh hnh ti chnh, ti sn v hot ng hng nm ca qu u t chng khon; k) Thng qua vic la chn t chc kim ton c chp thun kim ton bo co ti chnh hng nm ca qu u t chng khon; l) Cc quyn v nhim v khc quy nh ti iu l qu u t chng khon. 3. i hi nh u t qu u t chng khon c triu tp hng nm hoc bt thng nhm xem xt v quyt nh cc ni dung thuc thm quyn ca i hi nh u t. Vic triu tp, th thc tin hnh i hi nh u t v thng qua quyt nh ca i hi nh u t c thc hin theo quy nh ca B Ti chnh v iu l qu u t chng khon. c2. iu l Qu u t chng khon (86 LCK) 1. iu l qu u t chng khon do Cng ty qun l qu d tho v c i hi nh u t thng qua. 2. iu l qu u t chng khon c cc ni dung ch yu sau y: (17) a) Tn qu u t chng khon, cng ty qun l qu, ngn hng gim st; b) Ngy thnh lp qu u t chng khon; c) Mc tiu hot ng; lnh vc u t; thi hn hot ng ca qu u t chng khon; d) Vn gp v quy nh v tng vn ca qu u t chng khon; ) Quyn v ngha v ca cng ty qun l qu, ngn hng gim st; cc trng hp thay i cng ty qun l qu, ngn hng gim st; quy nh v vic u quyn cho cng ty qun l qu k hp ng gim st vi ngn hng gim st; e) Quy nh v Ban i din qu u t chng khon, i hi nh u t; g) Cc hn ch u t ca qu u t chng khon; h) Quy nh v vic ng k s hu chng ch qu v lu gi s ng k nh u t ca qu; i) Quy nh v vic la chn ngn hng gim st; la chn v thay i t chc kim ton c chp thun; k) Quy nh v chuyn nhng, pht hnh, mua li chng ch qu m; quy nh v vic nim yt chng ch qu ng;

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l) Cc loi chi ph v thu nhp ca qu u t chng khon; mc ph, thng i vi cng ty qun l qu, ngn hng gim st; cc trng hp v phng php phn chia thu nhp ca qu u t chng khon cho nh u t; m) Phng thc xc nh gi tr ti sn rng ca qu u t chng khon, gi tr ti sn rng ca mi chng ch qu; n) Quy nh v gii quyt xung t li ch; o) Quy nh v ch bo co; p) Quy nh v gii th qu u t chng khon; q) Cam kt ca ngn hng gim stt v cng ty qun l qu v vic thc hin ngha v vi qu u t chng khon, nh u t v tun th iu l qu u t chng khon; r) Th thc tin hnh sa i, b sung iu l qu u t chng khon. 3. Mu iu l qu u t chng khon do B Ti chnh quy nh (Ph lc 1 Quy ch theo Q 45/07-BTC) c3. Gii th qu u t chng khon (87 LCK) 1. Qu u t chng khon gii th trong cc trng hp sau y: (2) a) Kt thc thi hn hot ng ghi trong iu l qu u t chng khon; b) i hi nh u t quyt nh gii th qu u t chng khon trc khi kt thc thi hn hot ng ghi trong iu l qu u t chng khon. 2. Ti thiu ba thng trc ngy tin hnh gii th, Ban i din qu phi triu tp i hi nh u t thng qua phng n gii th qu u t chng khon. 3. Cng ty qun l qu v ngn hng gim st chu trch nhim hon tt vic thanh l ti sn qu v phn chia ti sn qu cho nh u t theo phng n c i hi nh u t thng qua. 4. Tin thu c t thanh l ti sn qu u t chng khon v cc ti sn cn li khi gii th c thanh ton theo th t sau y: a) Ngha v ti chnh vi Nh nc; b) Cc khon phi tr cho cng ty qun l qu, ngn hng gim st, cc khon phi tr khc v chi ph gii th qu u t chng khon; c) Phn cn li c dng thanh ton cho nh u t tng ng vi t l gp vn ca nh u t trong qu. 5. Trong thi hn nm ngy, k t ngy hon tt vic gii th qu u t chng khon, cng ty qun l qu v ngn hng gim st phi bo co U ban Chng khon Nh nc v kt qu gii th qu u t chng khon.
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c4. Xc nh gi tr ti sn rng ca qu u t chng khon (88 LCK) Mc ch ca vic xc nh gi tr ti sn rng ca qu u t chng khon. (K3 2 N 14/2007): Gi tr ti sn rng ca qu l tng gi tr cc ti sn ca qu tr i tng gi tr n phi tr ca qu. 1. Vic xc nh gi tr ti sn rng trn mt n v qu u t chng khon do cng ty qun l qu thc hin v c ngn hng gim st xc nhn. 2. Vic xc nh gi tr ti sn rng ca qu u t chng khon phi tun th cc nguyn tc sau y: a) i vi chng khon nim yt ti S giao dch chng khon hoc Trung tm giao dch chng khon, gi ca cc chng khon c xc nh l gi ng ca hoc gi trung bnh ca ngy giao dch trc ngy nh gi; b) i vi cc ti sn khng phi l chng khon quy nh ti im a khon ny, vic xc nh gi tr ti sn phi da trn quy trnh v phng php xc nh gi tr ti sn c nu r trong iu l qu u t chng khon. Quy trnh v phng php nh gi phi r rng, hp l p dng thng nht v phi c ngn hng gim st xc nhn v Ban i din qu u t chng khon, i hi nh u t ph chun. Cc bn tham gia nh gi ti sn phi c lp vi cng ty qun l qu v ngn hng gim st hoc ngn hng lu k; c) Cc ti sn bng tin bao gm c tc, tin li c tnh theo gi tr ghi trn s k ton ti thi im xc nh. 3. Gi tr ti sn rng ca qu u t chng khon phi c cng b cng khai nh k theo quy nh ti iu 105 ca Lut ny. c5. Bo co v qu u t chng khon (89 LCK) 1. Cng ty qun l qu phi bo co U ban Chng khon Nh nc nh k v bt thng v danh mc u t, hot ng u t, tnh hnh ti chnh ca qu u t chng khon. 2. B Ti chnh quy nh chi tit ch bo co v qu u t chng khon. d) Thnh lp v hot ng ca qu i chng (90----94 LCK) Vic thnh lp v cho bn chng ch qu ra cng chng ca qu i chng do cng ty qun l qu thc hin theo quy nh ti iu 90 ca Lut ny v phi ng k vi U ban Chng khon Nh nc. (83 LCK) - Qu i chng dng ng: Quy ch ban hnh theo Q45/07-BTC * - Qu i chng dng m: (???)
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d1. Huy ng vn thnh lp qu i chng (90 LCK) 1. Vic huy ng vn ca qu i chng c cng ty qun l qu thc hin trong thi hn chn mi ngy, k t ngy Giy chng nhn cho bn chng ch qu ra cng chng c hiu lc. Qu i chng c thnh lp nu c t nht mt trm nh u t, khng k nh u t chng khon chuyn nghip mua chng ch qu v tng gi tr chng ch qu bn t t nht l nm mi t ng Vit Nam. 2. Ton b vn gp ca nh u t phi c phong ta ti mt ti khon ring t di s kim sot ca ngn hng gim st v khng c s dng cho n khi hon tt t huy ng vn. Cng ty qun l qu phi bo co U ban Chng khon Nh nc kt qu huy ng vn c xc nhn ca ngn hng gim st trong thi hn mi ngy, k t ngy kt thc vic huy ng vn. 3. Trng hp vic huy ng vn ca qu i chng khng p ng quy nh ti khon 1 iu ny th cng ty qun l qu phi hon tr cho nh u t mi khon tin ng gp trong thi hn mi lm ngy, k t ngy kt thc vic huy ng vn. Cng ty qun l qu phi chu mi ph tn v ngha v ti chnh pht sinh t vic huy ng vn. d2. Ban i din qu i chng (91 LCK) 1. Ban i din qu i chng i din cho quyn li ca nh u t, do i hi nh u t bu. Quyn v ngha v ca Ban i din qu i chng c quy nh ti iu l qu u t chng khon. 2. Quyt nh ca Ban i din qu i chng c thng qua bng biu quyt ti cuc hp, ly kin bng vn bn hoc bng hnh thc khc theo quy nh ti iu l qu u t chng khon. Mi thnh vin Ban i din qu i chng c mt phiu biu quyt. 3. Ban i din qu i chng c t ba n mi mt thnh vin, trong c t nht hai phn ba s thnh vin Ban i din qu l thnh vin c lp, khng phi l ngi c lin quan ca cng ty qun l qu v ngn hng gim st. 4. Nhim k, tiu chun, s lng thnh vin, vic b nhim, min nhim v bi nhim, b sung thnh vin Ban i din qu, Ch tch Ban i din qu, iu kin, th thc hp v thng qua quyt nh ca Ban i din qu c quy nh ti iu l qu u t chng khon. d3. Hn ch i vi qu i chng (92 LCK) (3)
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1. Cng ty qun l qu khng c s dng vn v ti sn ca qu u t chng khon thc hin cc hot ng sau y (hn mc u t): (5) a) u t vo chng ch qu ca chnh qu i chng hoc ca mt qu u t khc; b) u t vo chng khon ca mt t chc pht hnh qu mi lm phn trm tng gi tr chng khon ang lu hnh ca t chc ; c) u t qu hai mi phn trm tng gi tr ti sn ca qu vo chng khon ang lu hnh ca mt t chc pht hnh; d) u t qu mi phn trm tng gi tr ti sn ca qu ng vo bt ng sn; u t vn ca qu m vo bt ng sn; ) u t qu ba mi phn trm tng gi tr ti sn ca qu i chng vo cc cng ty trong cng mt nhm cng ty c quan h s hu vi nhau; e) Cho vay hoc bo lnh cho bt k khon vay no. 2. Cng ty qun l qu khng c php vay ti tr cho hot ng ca qu i chng, tr trng hp vay ngn hn trang tri cc chi ph cn thit cho qu i chng. Tng gi tr cc khon vay ngn hn ca qu i chng khng c qu nm phn trm gi tr ti sn rng ca qu i chng ti mi thi im v thi hn vay ti a l ba mi ngy. 3. Tr trng hp quy nh ti im e khon 1 iu ny, c cu u t ca qu i chng c th sai lch nhng khng qu mi lm phn trm so vi cc hn ch u t quy nh ti khon 1 iu ny. Cc sai lch phi l kt qu ca vic tng hoc gim gi tr th trng ca ti sn u t v cc khon thanh ton hp php ca qu i chng. Cng ty qun l qu c ngha v bo co U ban Chng khon Nh nc v cng b thng tin v cc sai lch trn. Trong thi hn ba thng, k t ngy sai lch pht sinh, cng ty qun l qu phi iu chnh li danh mc u t bo m cc hn mc u t quy nh ti khon 1 iu ny. d4. Qu m (93 LCK) 1. Vic cng ty qun l qu, ngn hng gim st thay mt qu m mua li chng ch qu m t nh u t v bn li hoc pht hnh thm chng ch qu m trong phm vi vn gp ti a ca qu khng cn c quyt nh ca i hi nh u t.
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2. Tn sut v thi gian c th mua li chng ch qu m c quy nh c th trong iu l qu. 3. Cng ty qun l qu khng phi thay mt qu m thc hin vic mua li chng ch qu m khi xy ra mt trong cc s kin sau y: a) Cng ty qun l qu khng th thc hin vic mua li chng ch qu m theo yu cu do nguyn nhn bt kh khng; b) Cng ty qun l qu khng th xc nh gi tr ti sn rng ca qu m vo ngy nh gi mua li chng ch qu m do S giao dch chng khon hoc Trung tm giao dch chng khon quyt nh nh ch giao dch chng khon trong danh mc u t ca qu; c) Cc s kin khc do iu l qu quy nh. 4. Cng ty qun l qu bo co U ban Chng khon Nh nc trong thi hn hai mi bn gi, k t khi xy ra mt trong cc s kin quy nh ti khon 3 iu ny v phi tip tc thc hin vic mua li chng ch qu m sau khi cc s kin ny chm dt. 5. B Ti chnh quy nh c th vic pht hnh v mua li chng ch qu m. d5. Qu ng (94 LCK) 1. Vic tng vn ca qu ng phi c s chp thun ca y ban Chng khon Nh nc v p ng cc iu kin sau y: (4) a) iu l qu c quy nh vic tng vn ca qu; b) Li nhun ca qu trong nm lin trc nm ngh tng vn phi l s dng; c) Cng ty qun l qu khng b x pht vi phm hnh chnh v hot ng chng khon v th trng chng khon trong thi hn hai nm, tnh n thi im ngh tng vn; d) Phng n pht hnh thm chng ch qu ng phi c i hi nh u t thng qua. 2. Chng ch qu ng ch c pht hnh cho nh u t hin hu ca qu thng qua pht hnh quyn mua chng ch qu ng c chuyn nhng. 3. H s, th tc ngh tng vn ca qu ng do B Ti chnh quy nh (Q45/07BTC) ) Thnh lp v hot ng ca qu thnh vin
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Vic thnh lp qu thnh vin do cng ty qun l qu thc hin theo quy nh ti iu 95 ca Lut ny v phi bo co U ban chng khon Nh nc. (83 LCK) 1. Thnh lp qu thnh vin (95 LCK) 1. Qu thnh vin do cc thnh vin gp vn thnh lp trn c s hp ng gp vn v iu l qu. 2. Vic thnh lp qu thnh vin phi p ng cc iu kin sau y: (4) a) Vn gp ti thiu l nm mi t ng Vit Nam; b) C ti a ba mi thnh vin gp vn v ch bao gm thnh vin l php nhn; c) Do mt cng ty qun l qu qun l; d) Ti sn ca qu thnh vin c lu k ti mt ngn hng lu k c lp vi cng ty qun l qu. 2. Hot ng ca qu thnh vin Vn bn: (Nhng quy nh chi tit v Qu u t chng khon (dng ng), Qu thnh vin) - Quyt nh s 45/2007/Q-BTC ngy 5-6-2007 v vic ban hnh Quy ch thnh lp v qun l Qu u t chng khon. iu 2 Q 45/2007/Q-BTC: Gii thch t ng - Vn iu l qu l s vn bng tin do tt c ngi u t thc gp v c ghi trong iu l Qu. - n v qu l vn iu l qu c chia thnh nhiu phn bng nhau. - Chng ch qu u t chng khon (sau y gi tt l chng ch qu) l mt loi chng khon di hnh thc chng ch hoc bt ton ghi s do Cng ty qun l qu thay mt Qu i chng pht hnh, xc nhn quyn s hu hp php ca ngi u t i vi mt hoc mt s n v qu ca mt Qu i chng. - Ngy nh gi l ngy Cng ty qun l qu xc nh nh gi gi tr ti sn rng ca Qu. - Gi tr thanh l ca mt c phiu ca t chc pht hnh ang trong qu trnh chia, tch, sp nhp, hp nht, gii th, ph sn c xc nh bng gi tr vn ch s hu tr i gi tr qu khen thng, phc li v cc qu khc c trch lp v quyn li ca ngi lao ng chia cho tng s c phiu ang lu hnh ca t chc pht hnh trong bng cn i k ton gn nht. Nhng ni dung c th * Qu u t chng khon
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+ Qu i chng: - Cc quy nh v cho bn chng ch qu; - Nim yt chng ch qu; - Gii th qu; - Danh mc u t ca qu ng; - Xc nh gi tr rng ca qu ng; - i hi nh u t; + Qu thnh vin: - Quy nh chung v Qu thnh vin; + Huy ng lp Qu u t chng khon, nim yt chng ch qu ti nc ngoi; * Ngn hng gim st, ngn hng lu k 2. Cng ty u t chng khon a) Khi nim v phn loi (96 LCK) a1. Khi nim Cng ty u t chng khon c t chc di hnh thc cng ty c phn theo quy nh ca Lut doanh nghip u t chng khon. a2. Phn loi (21 N14/2007) (2)

1) Cng ty u t chng khon i chng l cng ty u t chng khon cho bn c phiu ra cng chng; 2) Cng ty u t chng khon pht hnh ring l a3. Nhng quy nh chung v cng ty u t chng khon (21 N14/2007) + C phiu ca cng ty u t chng khon i chng c nim yt v giao dch ti S Giao dch chng khon, Cng ty u t chng khon khng c ngha v mua li c phiu pht hnh. + Cng ty u t chng khon pht hnh ring l ch c cho bn c phiu cho ti a 99 nh u t, trong nh u t c t chc phi u t ti thiu 3 t ng v c nhn u t ti thiu 1 t ng. Cng ty u t chng khon pht hnh ring l khng phi tun th cc quy nh v hn ch u t nh cng ty u t chng khon i chng quy nh ti iu 92 Lut Chng khon. + Cng ty u t chng khon *t qun l vn u t hoc *y thc cho mt cng ty qun l qu qun l hoc *thu cng ty qun l qu t vn u t v t mnh thc hin giao dch.
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Trng hp cng ty u t chng khon thu cng ty qun l qu qun l vn u t th Gim c hoc Tng gim c, Ph Gim c hoc Ph Tng gim c (nu c), Ch tch Hi ng qun tr v ti thiu 2/3 thnh vin Hi ng qun tr ca cng ty u t chng khon phi c lp vi cng ty qun l qu. + Cng ty u t chng khon nc ngoi hoc qu u t chng khon nc ngoi dng php nhn mun u t vo Vit Nam phi y thc cho cng ty qun l qu trong nc hoc thnh lp chi nhnh ti Vit Nam qun l vn u t. + B Ti chnh quy nh c th v t chc v hot ng ca cng ty u t chng khon. b) Thnh lp cng ty u t chng khon b1. Cp Giy php thnh lp v hot ng (96, 97 LCK) + U ban Chng khon Nh nc cp Giy php thnh lp v hot ng ca cng ty u t chng khon. Giy php ny ng thi l Giy chng nhn ng k kinh doanh. + iu kin cp Giy php thnh lp v hot ng ca cng ty u t chng khon bao gm: (2) a) C vn ti thiu l nm mi t ng Vit Nam; b) Gim c hoc Tng gim c v nhn vin qun l c Chng ch hnh ngh chng khon trong trng hp cng ty u t chng khon t qun l vn u t. b2. Cho bn c phiu ra cng chng ca cng ty u t chng khon i chng ( thnh lp) (22, 23 N14/2007) 1. Vic cho bn c phiu ra cng chng ca cng ty u t chng khon i chng c thc hin theo quy nh ti iu 90 Lut Chng khon. 2. Sau khi kt thc t cho bn c phiu ra cng chng, c ng sng lp hoc cng ty qun l qu phi bo co y ban Chng khon Nh nc kt qu t pht hnh. ng thi, c ng sng lp phi hon chnh h s xin cp php thnh lp cng ty u t chng khon np y ban Chng khon Nh nc. 3. Trong vng 30 ngy, sau khi nhn c bo co kt qu huy ng vn ca cng ty u t chng khon v h s hp l, y ban Chng khon Nh nc cp giy php thnh lp v hot ng cho cng ty u t chng khon i chng. Trng hp t chi, y ban Chng khon Nh nc tr li v nu r l do bng vn bn. 22 N14/2007: H s, th tc ng k cho bn c phiu ra cng chng ca cng ty u t chng khon i chng
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1. Vic ng k cho bn c phiu ra cng chng ca cng ty u t chng khon i chng do c ng sng lp hoc cng ty qun l qu thc hin. 2. H s ng k cho bn c phiu ra cng chng bao gm: (9) a) Giy ng k cho bn c phiu ra cng chng ca c ng sng lp hoc cng ty qun l qu; b) D tho iu l cng ty u t chng khon; c) Bn co bch theo quy nh ti iu 15 Lut Chng khon; d) D tho Hp ng gim st; ) D tho Hp ng qun l u t (trng hp c cng ty qun l qu qun l vn u t). Xem thm: K4 2 N14/2007 e) Danh sch d kin Gim c hoc Tng gim c v cc nhn vin thc hin nghip v kinh doanh chng khon ca cng ty u t chng khon km theo bn sao Chng ch hnh ngh chng khon hoc h s xin cp Chng ch hnh ngh chng khon (trng hp t qun l vn u t); g) Thuyt minh c s vt cht k thut cho hot ng u t (trng hp t qun l vn u t); h) Danh sch c ng sng lp km theo bn sao Giy Chng minh nhn dn hoc H chiu i vi c nhn v Giy chng nhn ng k kinh doanh i vi php nhn; i) Cam kt ca cc c ng sng lp ng k mua t nht 20% s c phiu ng k cho bn ra cng chng v nm gi s c phiu ny trong thi hn 3 nm k t ngy c cp Giy php thnh lp v hot ng. 3. H s ti khon 2 iu ny c lp thnh 2 bn v gi ti y ban Chng khon Nh nc. 4. Trong thi hn 30 ngy, k t ngy nhn c h s y , hp l, y ban Chng khon Nh nc cp Giy chng nhn cho bn ra cng chng. Trng hp t chi, y ban Chng khon Nh nc tr li v nu r l do bng vn bn. b3. H s, th tc cp Giy php thnh lp v hot ng i vi cng ty u t chng khon pht hnh ring l (24 N14/2007) (i vi cng ty u t chng khon i chng: Thc hin theo quy nh ca Cng ty i chng (25 ---32 LCK v xem Mc II. 4) 1. H s ngh cp Giy php thnh lp v hot ng bao gm: (7)
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a) Giy ngh cp Giy php thnh lp v hot ng ca c ng sng lp; b) Xc nhn ca ngn hng v mc vn gp gi ti ti khon phong ta m ti ngn hng; c) Bin bn gp vn ca cc c ng sng lp; d) D tho Hp ng gim st; ) Danh sch c ng sng lp km theo bn sao Giy Chng minh nhn dn hoc H chiu v l lch t php i vi c nhn; Giy chng nhn ng k kinh doanh v Bo co ti chnh i vi php nhn; e) Cam kt ca cc c ng sng lp nm gi c phn ca mnh trong thi hn 3 nm k t ngy c cp Giy php thnh lp v hot ng; g) Cc ti liu quy nh ti im b, , e v g khon 2 iu 22 Ngh nh ny. 2. Trng hp c ng sng lp tham gia gp vn l php nhn nc ngoi, h s c thm cc ti liu sau: bn sao hp l iu l hoc ti liu tng ng, Giy php thnh lp v hot ng hoc Giy chng nhn ng k kinh doanh ca php nhn do nc nguyn x cp hoc ti liu chng minh php nhn c hot ng kinh doanh chng khon ti nc nguyn x; Quyt nh ca cp c thm quyn v vic gp vn thnh lp cng ty u t chng khon ti Vit Nam. 3. H s theo quy nh ti khon 1 iu ny c lp thnh 2 bn. Trng hp c c ng sng lp tham gia gp vn l php nhn nc ngoi, h s gm mt bn bng ting Anh, mt bn bng ting Vit. B h s bng ting Anh phi c hp php ha lnh s. Cc bn sao ting Vit v cc bn dch t ting Anh ra ting Vit phi c c quan cng chng Vit Nam hoc cng ty lut c chc nng dch thut hot ng hp php ti Vit Nam xc nhn. 4. Trong thi hn 30 ngy k t ngy nhn c h s y , hp l, y ban Chng khon Nh nc cp giy php thnh lp v hot ng cho cng ty u t chng khon. Trng hp t chi, y ban Chng khon Nh nc tr li v nu r l do bng vn bn. b4. Ni dung iu l t chc v hot ng ca cng ty u t chng khon (27 N 14/2007) iu l t chc v hot ng ca cng ty u t chng khon c nhng ni dung sau y: 1. Tn, a ch tr s chnh, thng tin tm tt v cng ty u t chng khon, cng ty qun l qu (nu c), ngn hng gim st;
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2. Mc tiu hot ng; lnh vc u t; thi hn hot ng; 3. Vn iu l v quy nh v tng, gim vn iu l; 4. Thng tin v cc c ng sng lp v s c phn ca c ng sng lp; 5. Quyn v ngha v ca c ng; 6. C cu t chc qun l; 7. Ngi i din theo php lut; 8. Th thc thng qua quyt nh ca cng ty; nguyn tc gii quyt tranh chp ni b; 9. Cc quy nh v Hi ng qun tr; i hi ng c ng; 10. Cc hn ch u t; 11. Quy nh v vic la chn ngn hng gim st; la chn v thay i t chc kim ton c lp; 12. Quy nh v chuyn nhng, pht hnh, mua li c phn; quy nh v vic nim yt c phiu; 13. Cc loi chi ph v doanh thu; mc ph, thng i vi b my qun l ca cng ty u t chng khon, ngn hng gim st; tng chi ph c tnh theo nm (trng hp cng ty u t t qun l); 14. Nguyn tc phn chia li nhun sau thu v x l l trong kinh doanh; 15. Phng thc xc nh gi tr ti sn rng, gi tr ti sn rng ca mi c phn; 16. Quy nh v gii quyt xung t li ch c th pht sinh gia cng ty u t chng khon, cng ty qun l qu, ngn hng gim st v cc t chc, c nhn c lin quan; 17. Quy nh v ch bo co; 18. Cc trng hp gii th, trnh t gii th v th tc thanh l ti sn cng ty; 19. Th thc tin hnh sa i, b sung iu l qu;

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20. H, tn, ch k ca ngi i din theo php lut, ca c ng sng lp, ngi i din theo y quyn ca c ng sng lp; 21. Cc ni dung khc theo tha thun ca c ng khng tri vi quy nh ca php lut. b5. ng k li i vi doanh nghip u t chng khon thnh lp trc khi Lut Chng khon c hiu lc (28 N 14/2007) 1. Doanh nghip thnh lp trc thi im Lut Chng khon c hiu lc p ng quy nh ti khon 1 iu 97 Lut Chng khon c ngha v thc hin th tc ng k li theo m hnh cng ty u t chng khon trong thi hn mt nm k t ngy Lut Chng khon c hiu lc thi hnh theo hng dn ca B Ti chnh (???) 2. Sau khi hon tt th tc ng k li theo quy nh ti khon 1 iu ny, cng ty u t chng khon c ngha v tun th cc quy nh ca Lut Chng khon, Ngh nh ny v cc vn bn php lut c lin quan. c) Hot ng ca cng ty u t chng khon c1. Nhng quy nh chung (97 LCK) Cng ty u t chng khon phi tun th cc quy nh sau y: (4) a) Cc hn ch u t quy nh ti iu 92 LCK (Hn ch i vi qu i chng) b) Cc ni dung lin quan n nh gi ti sn v ch bo co quy nh ti iu 88 v iu 89 ca Lut ny (iu 88: Xc nh gi tr ti sn rng ca qu u t chng khon, iu 89: Bo co v qu u t chng khon) c) Cc ngha v ca cng ty i chng quy nh ti khon 2 iu 27 ca Lut ny; d) Ton b tin v ti sn ca cng ty u t chng khon phi c lu k ti mt ngn hng gim st. Chnh ph quy nh c th vic thnh lp, t chc, hot ng ca cng ty u t chng khon (N 14/2007). c2. Tng, gim vn iu l ca cng ty u t chng khon (25 N14/2007) iu kin, h s, th tc tng, gim vn iu l ca cng ty u t chng khon thc hin theo quy nh ca B Ti chnh c3. Ch bo co v cng b thng tin ca cng ty u t chng khon (26 N14/2007)

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1. Cng ty u t chng khon thc hin ch bo co theo quy nh ca B Ti chnh v ch bo co i vi qu u t chng khon. 2. Cng ty u t chng khon cho bn c phiu ra cng chng, c c phiu nim yt ti S Giao dch chng khon, Trung tm Giao dch chng khon phi thc hin cng b thng tin theo quy nh ti iu 106 Lut Chng khon v vn bn hng dn ca B Ti chnh (iu 106: Cng b thng tin ca cng ty u t chng khon; Thng t s 38/2007/TT-BTC ngy 18-4-2007 hng dn v vic cng b thng tin trn th trng chng khon). 3. Cng ty u t chng khon pht hnh ring l khng phi thc hin cng b thng tin theo phng thc quy nh ti khon 4 iu 100 Lut Chng khon. Trong trng hp ny cng ty u t chng khon gi ni dung thng tin cng b cho cc c ng gp vn theo phng thc quy nh ti iu l cng ty v ng thi bo co ni dung thng tin cng b cho y ban Chng khon Nh nc. 3. Ngn hng gim st a) Chc nng (98 LCK) Ngn hng gim st l ngn hng thng mi c Giy chng nhn ng k hot ng lu k chng khon c chc nng thc hin cc dch v lu k v gim st vic qun l qu i chng, cng ty u t chng khon. b) Ngha v ca ngn hng gim st (98 LCK) Ngn hng gim st c cc ngha v sau y: (9) a) Thc hin cc ngha v quy nh ti khon 3 iu 47 ca Lut ny; b) Thc hin lu k ti sn ca qu i chng, cng ty u t chng khon; qun l tch bit ti sn ca qu i chng, cng ty u t chng khon v cc ti sn khc ca ngn hng gim st; c) Gim st bo m cng ty qun l qu qun l qu i chng, Gim c hoc Tng gim c cng ty u t chng khon qun l ti sn ca cng ty tun th quy nh ti Lut ny v iu l qu u t chng khon, iu l cng ty u t chng khon; d) Thc hin hot ng thu, chi, thanh ton v chuyn giao tin, chng khon lin quan n hot ng ca qu i chng, cng ty u t chng khon theo yu cu hp php ca cng ty qun l qu hoc Gim c hoc Tng gim c cng ty u t chng khon;

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) Xc nhn bo co do cng ty qun l qu, cng ty u t chng khon lp c lin quan n qu i chng, cng ty u t chng khon; e) Gim st vic tun th ch bo co v cng b thng tin ca cng ty qun l qu, cng ty u t chng khon theo quy nh ca Lut ny; g) Bo co U ban Chng khon Nh nc khi pht hin cng ty qun l qu, cng ty u t chng khon v t chc, c nhn c lin quan vi phm php lut hoc iu l qu u t chng khon, iu l cng ty u t chng khon; h) nh k cng cng ty qun l qu, cng ty u t chng khon i chiu s k ton, bo co ti chnh v hot ng giao dch ca qu i chng, cng ty u t chng khon; i) Cc ngha v khc theo quy nh ti iu l qu u t chng khon, iu l cng ty u t chng khon. c) Hn ch i vi ngn hng gim st (99 LCK) (2 iu khng) 1. Ngn hng gim st, thnh vin Hi ng qun tr, ngi iu hnh v nhn vin trc tip ca ngn hng gim st lm nhim v gim st hot ng qu i chng v bo qun ti sn qu ca ngn hng gim st khng c l ngi c lin quan hoc c quan h s hu, vay hoc cho vay vi cng ty qun l qu, cng ty u t chng khon v ngc li. 2. Ngn hng gim st, thnh vin Hi ng qun tr, ngi iu hnh v nhn vin ca ngn hng gim st trc tip lm nhim v gim st v bo qun ti sn ca qu i chng, cng ty u t chng khon khng c l i tc mua, bn trong giao dch mua, bn ti sn ca qu i chng, cng ty u t chng khon. K34 6 LCK: Ngi c lin quan l c nhn hoc t chc c quan h vi nhau trong cc trng hp sau y: (6) a) Cha, cha nui, m, m nui, v, chng, con, con nui, anh, ch em rut ca c nhn; b) T chc m trong c c nhn l nhn vin, Gim c hoc Tng gim c, ch s hu trn mi phn trm s c phiu lu hnh c quyn biu quyt; c) Thnh vin Hi ng qun tr, Ban kim sot, Gim c hoc Tng gim c, Ph Gim c hoc Ph Tng gim c v cc chc danh qun l khc ca t chc ; d) Ngi m trong mi quan h vi ngi khc trc tip, gin tip kim sot hoc b kim sot bi ngi hoc cng vi ngi chu chung mt s kim sot;
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) Cng ty m, cng ty con; e) Quan h hp ng trong mt ngi l i din cho ngi kia. Quy nh chi tit v Ngn hng gim st, ngn hng lu k i vi Qu u t chng khon (dng ng), qu thnh vin (v cng ty u t chng khon): 26--31 Quy ch thnh lp v qun l Qu u t chng khon ban hnh theo Quyt nh s 45/2007/Q-BTC ngy 5-6-2007. IV. CC T CHC KINH DOANH CHNG KHON Cc t chc kinh doanh chng khon: (2) 1. Cng ty chng khon; 2. Cng ty qun l Qu u t chng khon (Cng ty qun l qu) 1. Thnh lp cng ty chng khon, cng ty qun l qu a) Chc nng, loi hnh v nghip v kinh doanh (59 LCK) Vn bn: - Quyt nh s 27/2007/N-BTC ngy 24-4-2007 v vic ban hnh quy ch t chc v hot ng ca cng ty chng khon - Quyt nh s 35/2007/Q-BTC ngy 15-5-2007 v vic ban hnh Quy ch t chc v hot ng ca Cng ty qun l qu. a1. Chc nng K1 2 Q27/2007: Cng ty chng khon l t chc c t cch php nhn hot ng kinh doanh chng khon, bao gm mt, mt s hoc ton b cc hot ng: *mi gii chng khon, *t doanh chng khon, *bo lnh pht hnh chng khon, *t vn u t chng khon. K1 2 Q 35/07-BTC: Cng ty qun l qu, l t chc c t cch php nhn, hot ng cung cp dch v qun l qu u t chng khon, qun l danh mc u t chng khon. Ngoi tr Cng ty qun l qu c cp php, cc t chc kinh t khc khng c cung cp dch v qun l qu u t chng khon v qun l danh mc u t. a2. Loi hnh Cng ty chng khon, cng ty qun l qu u t chng khon (sau y gi l cng ty qun l qu) c t chc di hnh thc *cng ty trch nhim hu hn hoc *cng ty c phn theo quy nh ca Lut doanh nghip.

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U ban Chng khon Nh nc cp Giy php thnh lp v hot ng cho cng ty chng khon, cng ty qun l qu. Giy php ny ng thi l Giy chng nhn ng k kinh doanh. a3. Nghip v kinh doanh ca cng ty chng khon (iu 60 LCK) Cng ty chng khon c thc hin mt, mt s hoc ton b nghip v kinh doanh sau y: (5 ) 1) Mi gii chng khon; 2) T doanh chng khon; 3) Bo lnh pht hnh chng khon (Cng ty chng khon ch c php thc hin nghip v bo lnh pht hnh chng khon khi thc hin nghip v t doanh chng khon) 4) T vn u t chng khon 5) Ngoi cc nghip v kinh doanh quy nh ti khon 1 iu ny, cng ty chng khon c cung cp dch v t vn ti chnh v cc dch v ti chnh khc. a4. Nghip v kinh doanh ca cng ty qun l qu (iu 61 LCK) Cng ty qun l qu c thc hin cc nghip v kinh doanh sau y: Qun l qu u t chng khon (v cng ty u t chng khon) (K27 6 LCK: Suy t khi nim qu u t chng khon th vic Qun l qu u t chng khon lun lun phi thng qua cng ty qun l qu 21 N 14/07: Cng ty u t chng khon *t qun l vn u t hoc *y thc cho mt cng ty qun l qu qun l hoc *thu cng ty qun l qu t vn u t v t mnh thc hin giao dch). 2) Qun l danh mc u t chng khon (Mt trong 7 nghip v kinh doanh chng khon - Xem mc I. 4) Qun l danh mc u t (Q35/07-BTC): - Chin lc u t ; - Hp ng qun l u t ; - Qun l ti sn ca nh u t u thc ; - Hp ng lu k. Cc nghip v kinh doanh 1+2 c cp chung trong mt Giy php thnh lp v hot ng ca cng ty qun l qu.

(3)

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3) Ngoi cc nghip v kinh doanh quy nh ti khon 1 iu ny, cng ty qun l qu c huy ng v qun l cc qu u t nc ngoi c mc tiu u t vo Vit Nam. b) iu kin cp Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu (62 LCK) b1. iu kin cp Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu bao gm: (3) a) C tr s; c trang b, thit b phc v hot ng kinh doanh chng khon, i vi nghip v bo lnh pht hnh chng khon v t vn u t chng khon th khng phi p ng iu kin v trang b, thit b; b) C vn php nh theo quy nh ca Chnh ph; c) Gim c hoc Tng gim c v cc nhn vin thc hin nghip v kinh doanh chng khon quy nh ti khon 1 iu 60 v khon 1 iu 61 ca Lut ny phi c Chng ch hnh ngh chng khon. 2. Trng hp c ng sng lp hoc thnh vin sng lp l c nhn phi c nng lc hnh vi dn s y , khng thuc trng hp ang phi chp hnh hnh pht t hoc ang b To n cm hnh ngh kinh doanh; trng hp l php nhn phi ang hot ng hp php v c nng lc ti chnh tham gia gp vn. Cc c ng sng lp hoc thnh vin sng lp phi s dng ngun vn ca chnh mnh gp vn thnh lp cng ty chng khon, cng ty qun l qu. b2. H s ngh cp Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu (iu 63 LCK) (8) 1. Giy ngh cp Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu. 2. Bn thuyt minh v c s vt cht, k thut bo m thc hin cc nghip v kinh doanh chng khon. 3. Xc nhn ca ngn hng v mc vn php nh gi ti ti khon phong to m ti ngn hng. 4. Danh sch d kin Gim c hoc Tng gim c v cc nhn vin thc hin nghip v kinh doanh chng khon km theo bn sao Chng ch hnh ngh chng khon. 5. Danh sch c ng sng lp hoc thnh vin sng lp km theo bn sao Giy chng minh nhn dn hoc H chiu i vi c nhn v Giy chng nhn ng k kinh doanh i vi php nhn. 6. Bn sao bo co ti chnh nm gn nht c xc nhn ca t chc kim ton c lp ca c ng sng lp hoc thnh vin sng lp l php nhn tham gia gp vn t mi phn trm tr ln vn iu l gp ca t chc ngh cp giy php.
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7. D tho iu l cng ty. 8. D kin phng n hot ng kinh doanh trong ba nm u ph hp vi nghip v kinh doanh ngh cp php km theo cc quy trnh nghip v, quy trnh kim sot ni b, quy trnh qun l ri ro. b3. Nhng vn c th + Vn php nh i vi cng ty chng khon, cng ty qun l qu (18 N 14/2007) - Vn php nh cho cc nghip v kinh doanh ca cng ty chng khon, cng ty chng khon c vn u t nc ngoi, chi nhnh cng ty chng khon nc ngoi ti Vit Nam l: a) Mi gii chng khon: 25 t ng Vit Nam; b) T doanh chng khon: 100 t ng Vit Nam; c) Bo lnh pht hnh chng khon: 165 t ng Vit Nam; d) T vn u t chng khon: 10 t ng Vit Nam. Kinh doanh c 4 nghip v: 300 t ng Vit Nam Trng hp t chc ngh cp giy php cho nhiu nghip v kinh doanh, vn php nh l tng s vn php nh tng ng vi tng nghip v xin cp php. - Mc vn php nh ca cng ty qun l qu, cng ty qun l qu c vn u t nc ngoi, chi nhnh cng ty qun l qu nc ngoi ti Vit Nam ti thiu l 25 t ng Vit Nam. - Nhng quy nh lin quan v vn php nh: B Ti chnh quy nh c th mc vn php nh ca cng ty qun l qu da trn quy m vn c u thc qun l. Vn gp thnh lp cng ty chng khon, cng ty qun l qu, chi nhnh cng ty chng khon nc ngoi, cng ty qun l qu nc ngoi ti Vit Nam phi bng ng Vit Nam hoc ngoi t t do chuyn i. Cc t chc, c nhn tham gia gp vn phi chng minh ngun vn hp php v c t chc kim ton c lp xc nhn. T l s hu ca bn nc ngoi trong cng ty chng khon, cng ty qun l qu c vn u t nc ngoi ti Vit Nam thc hin theo quy nh ca php lut (Quyt nh s 55/2009/Q-TTg ngy 15-4-2009 v t l tham gia ca nh u t nc ngoi trn th trng chng khon Vit Nam) T chc, c nhn s hu t 10% vn c phn hoc phn vn gp c quyn biu quyt ca mt cng ty chng khon v ngi c lin quan ca t chc, c nhn

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 khng c s hu trn 5% s c phn hoc phn vn gp c quyn biu quyt ca mt cng ty chng khon khc. T chc, c nhn s hu t 10% vn c phn hoc phn vn gp c quyn biu quyt ca mt cng ty qun l qu v ngi c lin quan ca t chc, c nhn khng c s hu trn 5% s c phn hoc phn vn gp c quyn biu quyt ca mt cng ty qun l qu khc. + iu l cng ty chng khon, cng ty qun l qu (64 LCK) 1. iu l cng ty chng khon, cng ty qun l qu c cc ni dung ch yu sau y: (3) a) Cc ni dung quy nh ti iu 22 ca Lut doanh nghip; b) Quyn v ngha v ca cng ty chng khon, cng ty qun l qu khng tri vi quy nh ca Lut ny; c) Cc quy nh v cm v hn ch i vi cng ty chng khon, cng ty qun l qu v Gim c hoc Tng gim c, ngi hnh ngh chng khon ca cng ty chng khon, cng ty qun l qu. 2. B Ti chnh ban hnh mu iu l cng ty chng khon, cng ty qun l qu (Ph lc 15 Quyt nh s 27/2007/N-BTC, Ph lc 20 Quyt nh s 35/2007/N-BTC) c) Thi hn cp Giy php thnh lp v hot ng (65 LCK ) 1. Trong thi hn ba mi ngy, k t ngy nhn c h s hp l, U ban Chng khon Nh nc cp Giy php thnh lp v hot ng cho cng ty chng khon, cng ty qun l qu. Trng hp t chi, U ban Chng khon Nh nc phi tr li bng vn bn v nu r l do. 2. Trng hp cn lm r vn lin quan n h s ngh cp Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu, U ban Chng khon Nh nc c quyn ngh ngi i din trong s thnh vin sng lp hoc c ng sng lp hoc ngi d kin c b nhim, tuyn dng lm Gim c hoc Tng gim c ca t chc ngh cp giy php gii trnh trc tip hoc bng vn bn. d) Cng b Giy php thnh lp v hot ng (66 LCK) 1. Trong thi hn by ngy, k t ngy c cp Giy php thnh lp v hot ng, cng ty chng khon, cng ty qun l qu phi cng b Giy php thnh lp v hot ng trn phng tin thng tin ca U ban Chng khon Nh nc v mt t bo in t hoc bo vit trong ba s lin tip.
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2. Vic cng b Giy php thnh lp v hot ng quy nh ti khon 1 iu ny bao gm cc ni dung ch yu sau y: (5) a) Tn cng ty chng khon, cng ty qun l qu; b) a ch t tr s chnh ca cng ty, chi nhnh, vn phng i din (nu c); c) S Giy php thnh lp v hot ng, ngy cp, cc nghip v kinh doanh c php thc hin; d) Vn iu l; ) Ngi i din theo php lut. ) Quy nh thm v Giy php thnh lp v hot ng i vi cng ty chng khon, cng ty qun l qu c vn u t nc ngoi 1. Cp Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu c vn u t nc ngoi (76 LCK) 1. Cng ty chng khon, cng ty qun l qu c vn u t nc ngoi ti Vit Nam c thnh lp di hnh thc lin doanh, gp vn c phn, cng ty mt trm phn trm (100%) vn nc ngoi do U ban Chng khon Nh nc cp Giy php thnh lp v hot ng. 2. iu kin cp Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu c vn u t nc ngoi ti Vit Nam c thc hin theo quy nh ti iu 62 ca Lut ny. 3. H s, th tc cp Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu c vn u t nc ngoi ti Vit Nam do Chnh ph quy nh. iu 19 N 14/2007: H s, th tc cp Giy php thnh lp v hot ng i vi cng ty chng khon, cng ty qun l qu c vn u t nc ngoi ti Vit Nam 1. H s bao gm: (3) a) Cc ti liu theo quy nh ti iu 63 Lut Chng khon; b) Hp ng lin doanh i vi trng hp thnh lp cng ty chng khon lin doanh, cng ty qun l qu lin doanh hoc cam kt gp vn i vi trng hp thnh lp cng ty chng khon, cng ty qun l qu c vn gp ca bn nc ngoi; c) Trng hp bn nc ngoi l php nhn, h s c thm cc ti liu: Bn sao hp l iu l, Giy php thnh lp v hot ng hoc Giy chng nhn ng k kinh doanh hoc vn bn php l tng ng ca php nhn do nc nguyn x cp; Quyt nh v vic thnh lp hoc gp vn thnh lp cng ty chng khon, cng ty qun l qu u t chng khon ti Vit Nam ca cp c thm quyn ca php nhn nc ngoi.

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2. H s theo quy nh ti cc khon 4, 5, 6 v 7 iu 63 Lut Chng khon trong trng hp Gim c hoc Tng gim c, c ng sng lp hoc thnh vin sng lp l t chc v c nhn nc ngoi v im b v im c khon 1 iu ny phi lp thnh hai bn, mt bn bng ting Anh, mt bn bng ting Vit. B h s bng ting Anh, phi c hp php ho lnh s. Cc bn sao ting Vit v cc bn dch t ting Anh ra ting Vit phi c c quan cng chng Vit Nam hoc c cng ty lut c chc nng dch thut hot ng hp php Vit Nam xc nhn. 3. Thi hn cp Giy php thnh lp v hot ng theo quy nh ca iu 65 Lut Chng khon. 2. Cp Giy php thnh lp v hot ng ca chi nhnh cng ty chng khon, cng ty qun l qu nc ngoi ti Vit Nam (77 LCK) 1. iu kin cp Giy php thnh lp v hot ng ca chi nhnh cng ty chng khon, cng ty qun l qu nc ngoi ti Vit Nam bao gm: (2) a) L t chc kinh doanh chng khon ang hot ng hp php ti nc ngoi; b) Cc iu kin quy nh ti khon 1 iu 62 ca Lut ny. 2. H s, th tc cp Giy php thnh lp v hot ng ca chi nhnh cng ty chng khon, cng ty qun l qu nc ngoi ti Vit Nam do Chnh ph quy nh. iu 20 N 14/2007: H s, th tc cp Giy php thnh lp v hot ng i vi chi nhnh cng ty chng khon, cng ty qun l qu nc ngoi ti Vit Nam 1. H s bao gm: (2) a) Cc ti liu theo quy nh ti iu 63 Lut Chng khon; b) Bn sao iu l, Giy php thnh lp v hot ng hoc Giy chng nhn ng k kinh doanh ca t chc kinh doanh chng khon nc ngoi do nc nguyn x cp; Quyt nh thnh lp chi nhnh ti Vit Nam v quyt nh giao vn ca cp c thm quyn ca t chc kinh doanh chng khon nc ngoi. 2. H s theo quy nh ti khon 1 iu ny phi lp thnh hai bn, mt bn bng ting Anh, mt bn bng ting Vit. B h s bng ting Anh phi c hp php ho lnh s. Cc bn sao ting Vit v cc bn dch t ting Anh ra ting Vit phi c c quan cng chng Vit Nam hoc c cng ty lut c chc nng dch thut hot ng hp php Vit Nam xc nhn. 3. Thi hn cp Giy php thnh lp v hot ng theo quy nh ca iu 65 Lut Chng khon.

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3. ng k hot ng ca Vn phng i din cng ty chng khon, cng ty qun l qu nc ngoi ti Vit Nam (78 LCK) 1. Cng ty chng khon, cng ty qun l qu nc ngoi c lp vn phng i din ti Vit Nam sau khi ng k hot ng vi U ban Chng khon Nh nc. 2. H s ng k hot ng ca vn phng i din cng ty chng khon, cng ty qun l qu nc ngoi ti Vit Nam bao gm: (4) a) Giy ng k hot ng ca vn phng i din; b) Bn sao Giy php hot ng ca cng ty chng khon, cng ty qun l qu nc ngoi; c) Bn sao iu l ca cng ty chng khon, cng ty qun l qu nc ngoi; d) L lch ca ngi d kin c b nhim lm Trng vn phng i din ti Vit Nam v danh sch nhn vin lm vic ti vn phng i din (nu c). 3. Trong thi hn by ngy, k t ngy nhn c h s hp l, U ban Chng khon Nh nc cp Giy chng nhn ng k hot ng ca vn phng i din cng ty chng khon, cng ty qun l qu nc ngoi ti Vit Nam. Trng hp t chi, U ban Chng khon Nh nc phi tr li bng vn bn v nu r l do. 4. Phm vi hot ng ca vn phng i din bao gm mt, mt s hoc ton b ni dung sau y: (4) a) Thc hin chc nng vn phng lin lc v nghin cu th trng; b) Xc tin xy dng cc d n hp tc trong lnh vc chng khon v th trng chng khon ti Vit Nam; c) Thc y, gim st thc hin cc hp ng tho thun k kt gia cng ty chng khon, cng ty qun l qu nc ngoi vi cc t chc kinh t ca Vit Nam; d) Thc y, gim st thc hin cc d n do cng ty chng khon, cng ty qun l qu nc ngoi ti tr ti Vit Nam. 5. Vn phng i din khng c thc hin cc hot ng kinh doanh chng khon. 6. Vn phng i din chu s qun l, gim st ca U ban Chng khon Nh nc. 2. Hot ng ca cng ty chng khon, cng ty qun l qu a) Ngha v ca cng ty chng khon, cng ty qun l qu (71,72 LCK) a1. Ngha v ca cng ty chng khon (71 LCK) (12) 1. Thit lp h thng kim sot ni b, qun tr ri ro v gim st, ngn nga nhng xung t li ch trong ni b cng ty v trong giao dch vi ngi c lin quan.
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2. Qun l tch bit chng khon ca tng nh u t, tch bit tin v chng khon ca nh u t vi tin v chng khon ca cng ty chng khon. 3. K hp ng bng vn bn vi khch hng khi cung cp dch v cho khch hng; cung cp y , trung thc thng tin cho khch hng. 4. u tin thc hin lnh ca khch hng trc lnh ca cng ty. 5. Thu thp, tm hiu thng tin v tnh hnh ti chnh, mc tiu u t, kh nng chp nhn ri ro ca khch hng; bo m cc khuyn ngh, t vn u t ca cng ty cho khch hng phi ph hp vi khch hng . 6. Tun th cc quy nh bo m vn kh dng theo quy nh ca B Ti chnh (Quyt nh s 27/2007/N-BTC, Quyt nh s 35/2007/Q-BTC) 7. Mua bo him trch nhim ngh nghip cho nghip v kinh doanh chng khon ti cng ty hoc trch lp qu bo v nh u t bi thng thit hi cho nh u t do s c k thut v s sut ca nhn vin trong cng ty. 8. Lu gi y cc chng t v ti khon phn nh chi tit, chnh xc cc giao dch ca khch hng v ca cng ty. 9. Thc hin vic bn hoc cho khch hng bn chng khon khi khng s hu chng khon v cho khch hng vay chng khon bn theo quy nh ca B Ti chnh. 10. Tun th cc quy nh ca B Ti chnh v nghip v kinh doanh chng khon. 11. Thc hin ch k ton, kim ton, thng k, ngha v ti chnh theo quy nh ca php lut. 12. Thc hin cng b thng tin theo quy nh ti iu 104 ca Lut ny v ch bo co theo quy nh ca B Ti chnh. a2. Ngha v ca cng ty qun l qu (72 LCK) (3) 1. Tun th cc ngha v quy nh ti cc khon 1, 3, 4, 5, 6, 7, 9, 10, 11 v 12 iu 71 LCK

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2. Thc hin hot ng qun l qu u t chng khon, qun l danh mc u t chng khon theo quy nh ca Lut ny, iu l qu u t chng khon, hp ng k vi khch hng u thc u t v hp ng k vi ngn hng gim st. 3. Thc hin vic xc nh gi tr ti sn rng ca qu u t chng khon theo quy nh ti iu 88 ca Lut ny, iu l qu u t chng khon v hp ng k vi khch hng u thc u t. b)Nhng hn ch i vi cng ty chng khon, cng ty qun l qu (73 LCK) (5 iu khng) 1. Khng c a ra nhn nh hoc bo m vi khch hng v mc thu nhp hoc li nhun t c trn khon u t ca mnh hoc bo m khch hng khng b thua l, tr trng hp u t vo chng khon c thu nhp c nh. 2. Khng c tit l thng tin v khch hng, tr trng hp c khch hng ng hoc theo yu cu ca c quan qun l nh nc c thm quyn. 3. Khng c thc hin nhng hnh vi lm cho khch hng v nh u t hiu nhm v gi chng khon. 4. Khng c cho khch hng vay tin mua chng khon, tr trng hp B Ti chnh c quy nh khc. 5. C ng sng lp, thnh vin sng lp ca cng ty chng khon, cng ty qun l qu khng c chuyn nhng c phn hoc phn vn gp ca mnh trong thi hn ba nm, k t ngy c cp Giy php thnh lp v hot ng, tr trng hp chuyn nhng cho c ng sng lp, thnh vin sng lp khc trong cng ty. c) Cng ty chng khon ng k l thnh vin giao dch ca th trng giao dch chng khon (S giao dch chng khon, Trung tm giao dch chng khon), thnh vin lu k ca Trung tm lu k + Thnh vin giao dch: iu 39LCK : Thnh vin giao dch (Phn I mc 5 im g,h) 1. Thnh vin giao dch ti S giao dch chng khon, Trung tm giao dch chng khon l cng ty chng khon c S giao dch chng khon, Trung tm giao dch chng khon chp thun tr thnh thnh vin giao dch. 2. iu kin, th tc tr thnh thnh vin giao dch ti S giao dch chng khon, Trung tm giao dch chng khon quy nh ti Quy ch thnh vin giao dch ca S giao dch chng khon, Trung tm giao dch chng khon. 3. Thnh vin giao dch c cc quyn sau y (5)
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a) S dng h thng giao dch v cc dch v do S giao dch chng khon, Trung tm giao dch chng khon cung cp; b) Nhn cc thng tin v th trng giao dch chng khon t S giao dch chng khon, Trung tm giao dch chng khon; c) ngh S giao dch chng khon, Trung tm giao dch chng khon lm trung gian ho gii khi c tranh chp lin quan n hot ng giao dch chng khon ca thnh vin giao dch; d) xut v kin ngh cc vn lin quan n hot ng ca S giao dch chng khon, Trung tm giao dch chng khon; ) Cc quyn khc quy nh ti Quy ch thnh vin giao dch ca S giao dch chng khon, Trung tm giao dch chng khon. 4. Thnh vin giao dch c cc ngha v sau y: (6) a) Tun th cc ngha v quy nh ti iu 71 ca Lut ny; b) Chu s gim st ca S giao dch chng khon, Trung tm giao dch chng khon; c) Np ph thnh vin, ph giao dch v cc ph dch v khc theo quy nh ca B Ti chnh; d) Cng b thng tin theo quy nh ti iu 104 ca Lut ny v Quy ch cng b thng tin ca S giao dch chng khon, Trung tm giao dch chng khon; ) H tr cc thnh vin giao dch khc theo yu cu ca S giao dch chng khon, Trung tm giao dch chng khon trong trng hp cn thit; e) Cc ngha v khc quy nh ti Quy ch thnh vin giao dch ca S giao dch chng khon, Trung tm giao dch chng khon. iu 41 LCK: Giao dch chng khon Thc hin theo Quy ch giao dch chng khon ca S giao dch chng khon v Trung tm giao dch chng khon. Thnh vin giao dch (cng ty chng khon) thc hin cc giao dch chng khon thng qua cc i din giao dch: - i din giao dch ca thnh vin SGDCK TP.HCM l nhn vin do thnh vin c v c SGDCK TP.HCM cp th i din giao dch. - i din giao dch ca thnh vin ti TTGDCKHN (sau y gi tt l i din giao dch) l nhn vin kinh doanh do thnh vin c v c TTGDCKHN chp thun cp th i din giao dch. K4 9 N14/07: Chng khon tiu chun nim yt m cha nim yt ti Trung tm Giao dch chng khon c giao dch ti cng ty chng khon v chuyn kt qu giao dch thng qua Trung tm Giao dch chng khon thanh ton thng qua Trung tm Lu k chng khon. + Thnh vin lu k: iu 47LCK
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1. Thnh vin lu k l cng ty chng khon, ngn hng thng mi hot ng ti Vit Nam c U ban Chng khon Nh nc cp Giy chng nhn ng k hot ng lu k chng khon v c Trung tm lu k chng khon chp thun tr thnh thnh vin lu k. K2 48 LCK: iu kin ng k hot ng lu k chng khon i vi cng ty chng khon bao gm: (2) a) C Giy php thnh lp v hot ng thc hin nghip v mi gii hoc t doanh chng khon; b) C a im, trang b, thit b phc v hot ng ng k, lu k, thanh ton cc giao dch chng khon. Xem thm: - Quyt nh s 87/2007/N-BTC ngy 22-10-2007 v vic ban hnh quy ch ng k, lu k, b tr v thanh ton chng khon - Quyt nh s 03/Q-SGDHCM ngy 4-1-2008 ca Tng Gim c S giao dch chng khon thnh ph H Ch Minh ban hnh Quy ch thnh vin giao dch ti S Giao dch chng khon Thnh ph H Ch Minh - Quyt nh s 243/Q-TTGDHN ngy 12-9-2007 ca Gim c Trung tm Giao dch Chng khon H Ni ban hnh Quy ch thnh vin giao dch ti Trung tm Giao dch Chng khon H Ni - Quyt nh s 321/Q-TTGDHN ngy 9-11-2007 ca Gim c Trung tm Giao dch Chng khon H Ni v vic sa i Quy ch thnh vin giao dch ti Trung tm Giao dch Chng khon H Ni ban hnh km theo Quyt nh s 243/Q-TTGDHN. d) Quy nh v cnh bo (74 LCK) Cng ty chng khon, cng ty qun l qu b cnh bo trong trng hp vn kh dng gim xung di mt trm hai mi phn trm mc quy nh ti khon 6 iu 71 ca Lut ny (K6 71 LCK: Tun th cc quy nh bo m vn kh dng theo quy nh ca B Ti chnh) Cng ty chng khon, cng ty qun l qu phi khc phc tnh trng cnh bo trong thi hn ba mi ngy, k t ngy b cnh bo. ) B sung Giy php thnh lp v hot ng (67 LCK) 1. Cng ty chng khon c cp Giy php thnh lp v hot ng khi b sung nghip v kinh doanh chng khon phi ngh cp b sung Giy php thnh lp v hot ng.

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2. H s ngh cp b sung Giy php thnh lp v hot ng bao gm: (4) a) Giy ngh cp b sung Giy php thnh lp v hot ng; b) Cc ti liu quy nh ti cc khon 2, 3 v 8 iu 63 ca Lut ny; c) iu l sa i, b sung c i hi ng c ng hoc Hi ng thnh vin hoc Ch s hu cng ty thng qua; d) Quyt nh ca i hi ng c ng v Hi ng qun tr hoc quyt nh ca Hi ng thnh vin hoc Ch s hu cng ty v vic b sung nghip v kinh doanh chng khon. 3. Trong thi hn hai mi ngy, k t ngy nhn c h s hp l, U ban Chng khon Nh nc cp b sung Giy php thnh lp v hot ng. Trng hp t chi, U ban Chng khon Nh nc phi tr li bng vn bn v nu r l do. 4. Cng ty chng khon c cp b sung Giy php thnh lp v hot ng phi cng b Giy php b sung trong thi hn v theo phng thc quy nh ti khon 1 iu 66 ca Lut ny. e)Nhng thay i phi c U ban Chng khon Nh nc chp thun (68 LCK) 1. Cng ty chng khon, cng ty qun l qu phi c U ban Chng khon Nh nc chp thun bng vn bn trc khi thc hin nhng thay i sau y: (4) a) Thnh lp, ng ca chi nhnh, vn phng i din, phng giao dch; b) Thay i tn cng ty; a im t tr s chnh, chi nhnh, vn phng i din, phng giao dch; c) Giao dch lm thay i quyn s hu c phn hoc phn vn gp chim t mi phn trm tr ln vn iu l gp ca cng ty chng khon, cng ty qun l qu, tr trng hp c phiu ca cng ty chng khon, cng ty qun l qu c nim yt ti S giao dch chng khon, Trung tm giao dch chng khon; d) Tm ngng hot ng, tr trng hp tm ngng hot ng do nguyn nhn bt kh khng. 2. H s, th tc chp thun cc thay i c thc hin theo quy nh ca B Ti chnh 3. Thi hn chp thun cc thay i l mi lm ngy, k t ngy U ban Chng khon Nh nc nhn c h s hp l. Trng hp t chi, U ban Chng khon Nh nc phi tr li bng vn bn v nu r l do.

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g)Chia, tch, sp nhp, hp nht, chuyn i cng ty chng khon, cng ty qun l qu (69 LCK) 1. Cng ty chng khon, cng ty qun l qu thc hin vic chia, tch, sp nhp, hp nht, chuyn i phi c s chp thun ca U ban Chng khon Nh nc. Thi hn chp thun vic chia, tch, sp nhp, hp nht, chuyn i l ba mi ngy, k t ngy U ban Chng khon Nh nc nhn c h s hp l. Trng hp t chi, U ban Chng khon Nh nc phi tr li bng vn bn v nu r l do. 2. H s, th tc chp thun vic chia, tch, sp nhp, hp nht, chuyn i c thc hin theo quy nh ca B Ti chnh. 3. Cng ty chng khon, cng ty qun l qu thc hin vic chia, tch, sp nhp, hp nht, chuyn i theo quy nh ca Lut doanh nghip. 4. Cng ty mi hnh thnh t vic chia, tch, sp nhp, hp nht, chuyn i phi lm th tc ngh cp li Giy php thnh lp v hot ng theo quy nh ti iu 63 ca Lut ny. h) nh ch, thu hi Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu (70 LCK) 1. Cng ty chng khon, cng ty qun l qu b nh ch hot ng trong cc trng hp sau y: (4) a) H s ngh cp, b sung Giy php thnh lp v hot ng c thng tin sai s tht; b) Sau khi ht thi hn cnh bo quy nh ti iu 74 ca Lut ny, cng ty chng khon, cng ty qun l qu vn khng khc phc c tnh trng cnh bo v c l gp t mc nm mi phn trm vn iu l hoc khng cn p ng iu kin v vn hot ng kinh doanh chng khon; c) Hot ng sai mc ch hoc khng ng vi ni dung quy nh trong Giy php thnh lp v hot ng; d) Khng duy tr cc iu kin cp Giy php thnh lp v hot ng quy nh ti iu 62 ca Lut ny. 2. Cng ty chng khon, cng ty qun l qu b thu hi Giy php thnh lp v hot ng trong cc trng hp sau y: (4) a) Khng tin hnh hot ng kinh doanh chng khon trong thi hn mi hai thng, k t ngy c cp Giy php thnh lp v hot ng; b) Khng khc phc c tnh trng quy nh ti im b khon 1 iu ny trong thi hn su thng, k t ngy b nh ch hot ng;

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c) Khng khc phc c cc vi phm quy nh ti cc im a, c v d khon 1 iu ny trong thi hn su mi ngy, k t ngy b nh ch hot ng; d) Gii th, ph sn. 3. i vi trng hp thu hi Giy php thnh lp v hot ng quy nh ti im b khon 2 iu ny, U ban Chng khon Nh nc c th ch nh cng ty chng khon khc thay th hon tt cc giao dch, hp ng ca cng ty b thu hi Giy php thnh lp v hot ng; trong trng hp ny, quan h u quyn mc nhin c xc lp gia hai cng ty. 4. Khi b thu hi Giy php thnh lp v hot ng, cng ty chng khon, cng ty qun l qu phi chm dt ngay mi hot ng ghi trong Giy php v thng bo trn mt t bo in t hoc bo vit trong ba s lin tip. U ban Chng khon Nh nc c trch nhim cng b v vic thu hi Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu trn phng tin thng tin ca U ban Chng khon Nh nc. i) Gii th, ph sn cng ty chng khon, cng ty qun l qu (75 LCK) 1. Vic gii th cng ty chng khon, cng ty qun l qu c thc hin theo quy nh ca Lut doanh nghip. Trng hp cng ty chng khon, cng ty qun l qu t gii th trc khi kt thc thi hn hot ng th phi c U ban Chng khon Nh nc chp thun. 2. Vic ph sn cng ty chng khon, cng ty qun l qu c thc hin theo quy nh ca php lut v ph sn i vi cc doanh nghip hot ng trong lnh vc ti chnh, ngn hng. 3. Ngi hnh ngh chng khon -T iu 79 n iu 81 Lut Chng khon - Quyt nh s 15/2008/Q-BTC ngy 27-3-2008 ban hnh Quy ch hnh ngh chng khon Ngi hnh ngh chng khon l ngi c U ban Chng khon Nh nc cp chng ch hnh ngh chng khon v ang lm vic ti cc v tr nghip v chuyn mn trong cng ty chng khon, cng ty qun l qu, cng ty u t chng khon. Chng ch hnh ngh chng khon l vn bng xc nhn ngi c tn trong chng ch p ng iu kin lm vic ti cc v tr nghip v chuyn mn trong cng ty chng khon, cng ty qun l qu, cng ty u t chng khon hot ng hp php trn lnh th nc Cng ho X hi Ch ngha Vit Nam.
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- V tr lm vic: Cc cng ty chng khon, cng ty qun l qu, cng ty u t chng khon - iu kin cp Chng ch - Nguyn tc hnh ngh - Trch nhim ca ngi hnh ngh v ca cc n v s dng ngi hnh ngh. V. QUN L NH NC V X L VI PHM TRONG HOT NG CHNG KHON 1. y ban chng khon Nh nc Vn bn: - Quyt nh s 63/2007/Q- TTg ngy 10-5-2007 v vic quy nh chc nng, nhim v, quyn hn v c cu t chc ca y ban chng khon nh nc thuc B Ti chnh - Quyt nh s 02/2008/Q- BTC ngy 14-1-2008 quy nh nhim v, quyn hn v c cu t chc ca cc ban, vn phng, c quan i din v thanh tra y ban chng khon nh nc - Quyt nh s 49/2008/Q- BTC ngy 8-7-2008 v vic sa i, b sung Quyt nh s 02/2008/Q- BTC ngy 14-1-2008 quy nh nhim v, quyn hn v c cu t chc ca cc ban, vn phng, c quan i din v thanh tra y ban chng khon nh nc - Quyt nh s 29/2009/Q-TTg ngy 20-2-2009 v ch t ch v bin ch v kinh ph hot ng ca y ban chng khon nh nc a) Nhim v, quyn hn (iu 8 LCK) 1. U ban Chng khon Nh nc l c quan thuc B Ti chnh, c cc nhim v, quyn hn sau y: (7) a) Cp, gia hn, thu hi giy php, giy chng nhn lin quan n hot ng chng khon v th trng chng khon; chp thun nhng thay i lin quan n hot ng chng khon v th trng chng khon; b) Qun l, gim st hot ng ca S giao dch chng khon, Trung tm giao dch chng khon, Trung tm lu k chng khon v cc t chc ph tr; tm nh ch hot ng giao dch, hot ng lu k ca S giao dch chng khon, Trung tm giao dch chng khon, Trung tm lu k chng khon trong trng hp c du hiu nh hng n quyn v li ch hp php ca nh u t; c) Thanh tra, gim st, x pht vi phm hnh chnh v gii quyt khiu ni, t co trong hot ng chng khon v th trng chng khon;
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d) Thc hin thng k, d bo v hot ng chng khon v th trng chng khon; hin i ho cng ngh thng tin trong lnh vc chng khon v th trng chng khon; ) T chc, phi hp vi cc c quan, t chc lin quan o to, bi dng i ng cn b, cng chc, vin chc ngnh chng khon; ph cp kin thc v chng khon v th trng chng khon cho cng chng; e) Hng dn quy trnh nghip v v chng khon v th trng chng khon v cc mu biu c lin quan; g) Thc hin hp tc quc t trong lnh vc chng khon v th trng chng khon. 2. T chc, b my qun l, iu hnh ca U ban Chng khon Nh nc do Chnh ph quy nh. iu 1 Q 63/07-TTg: V tr v chc nng 1. y ban Chng khon Nh nc l t chc thuc B Ti chnh, c trch nhim gip B trng B Ti chnh thc hin chc nng qun l nh nc v chng khon v th trng chng khon; trc tip qun l, gim st hot ng chng khon v th trng chng khon; qun l cc hot ng dch v thuc lnh vc chng khon v th trng chng khon theo quy nh ca php lut. 2. y ban Chng khon Nh nc c t cch php nhn, c s dng con du c hnh quc huy, c m ti khon ti Kho bc Nh nc theo quy nh ca php lut; c tr s chnh ti thnh ph H Ni; c tn giao dch bng ting Anh l: State Securities Commission of Vietnam (vit tt SSC). iu 2 Q 63/07-TTg: Nhim v v quyn hn y ban Chng khon Nh nc thc hin nhim v, quyn hn theo quy nh ca Lut Chng khon v cc nhim v, quyn hn c th sau: (15) 1. Trnh B trng B Ti chnh ban hnh theo thm quyn hoc B trng B Ti chnh trnh cp c thm quyn ban hnh cc vn bn quy phm php lut v chng khon v th trng chng khon; chin lc, quy hoch, chnh sch, k hoch pht trin di hn, trung hn v hng nm v chng khon v th trng chng khon. 2. T chc thc hin chin lc, quy hoch, chnh sch pht trin th trng chng khon sau khi c ban hnh. 3. Hng dn quy trnh nghip v v chng khon, th trng chng khon v cc biu mu theo quy nh ca php lut v ca B trng B Ti chnh.
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4. Cp, gia hn, nh ch, thu hi giy php, giy chng nhn lin quan n hot ng chng khon v th trng chng khon; chp thun nhng thay i lin quan n hot ng chng khon v th trng chng khon. 5. Qun l, gim st hot ng ca S Giao dch Chng khon, Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon v cc t chc ph tr; tm nh ch hot ng giao dch, hot ng lu k ca S Giao dch Chng khon, Trung tm Giao dch Chng khon, Trung tm Lu k Chng khon trong trng hp c du hiu nh hng n quyn v li ch hp php ca nh u t. 6. Thanh tra, gim st, x pht vi phm hnh chnh v gii quyt khiu ni, t co trong hot ng chng khon v th trng chng khon. 7. Thc hin cng tc thng k, d bo v hot ng chng khon v th trng chng ton; t chc qun l v ng dng cng ngh thng tin; hin i ha hot ng trong lnh vc chng khon v th trng chng khon. 8. T chc nghin cu khoa hc; thng tin, tuyn truyn v chng khon v th trng chng khon; t chc, phi hp vi cc c quan, t chc lin quan o to, bi dng i ng cn b, cng chc, vin chc qun l chng khon v nhn vin hnh ngh chng khon; ph cp kin thc v chng khon v th trng chng khon cho cng chng. 9. Thc hin hp tc quc t trong lnh vc chng khon v th trng chng khon theo quy nh ca php lut. 10. Hng dn, to iu kin cho cc t chc hip hi chng khon thc hin mc ch, tn ch v iu l hot ng ca hip hi; kim tra vic thc hin cc quy nh ca Nh nc, x l hoc kin ngh c quan nh nc c thm quyn x l cc vi phm php lut ca cc hip hi chng khon theo quy nh ca php lut v phn cng, phn cp, u quyn ca B trng B Ti chnh. 11. Thc hin ch bo co v chng khon v th trng chng khon theo quy nh ca php lut v phn cp qun l ca B trng B Ti chnh. 12. Thc hin ci cch hnh chnh theo mc tiu v ni dung chng trnh ci cch hnh chnh ca y ban Chng khon Nh nc c B trng B Ti chnh ph duyt. 13. Qun l t chc b my, bin ch, cn b, cng chc, vin chc v thc hin ch , chnh sch i vi cn b, cng chc, vin chc thuc y ban Chng khon Nh nc theo quy nh ca php lut v phn cp qun l ca B trng B Ti chnh.

77

y ban Chng khon Nh nc xy dng c ch c th i vi vic tuyn dng, s dng, qun l cn b, cng chc, vin chc lm vic trong ngnh chng khon trnh cp c thm quyn ban hnh. 14. Qun l kinh ph do ngn sch nh nc cp v cc ngun kinh ph khc, ti sn c giao theo quy nh php lut; c s dng cc khon thu t hot ng chuyn mn, nghip v v chng khon v th trng chng khon phc v cng tc chuyn mn, nghip v v thc hin ch , chnh sch trong tuyn dng, i ng i vi chuyn gia, cn b, cng chc, vin chc theo ch qun l ti chnh do B Ti chnh quy nh. 15. Thc hin cc nhim v khc do B trng B Ti chnh giao. b) C cu t chc v bin ch - Quyt nh s 29/2009/Q-TTg ngy 20-2-2009 v ch t ch v bin ch v kinh ph hot ng ca y ban chng khon nh nc iu 3 Q 63/07- TTg: C cu t chc v bin ch (2)

1. Lnh o y ban Chng khon Nh nc gm c Ch tch v cc Ph Ch tch. Ch tch y ban Chng khon Nh nc do Th tng Chnh ph b nhim, min nhim theo ngh ca B trng B Ti chnh, chu trch nhim trc B trng B Ti chnh v ton b hot ng ca y ban Chng khon Nh nc. Ph Ch tch y ban Chng khon Nh nc do B trng B Ti chnh b nhim, min nhim theo ngh ca Ch tch y ban Chng khon Nh nc v chu trch nhim trc Ch tch y ban Chmg khon Nh nc v lnh vc cng tc c phn cng. 2. Cc t chc hnh chnh v s nghip a) Cc t chc hnh chnh: (12)

- Ban Pht trin th trng chng khon; - Ban Qun l pht hnh chng khon; - Ban Qun l kinh doanh chng khon; - Ban Qun l cc cng ty qun l qu v Qu u t chng khon; - Ban Gim st th trng chng khon, - Ban Php ch; - Thanh tra;
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- Ban Hp tc quc t; - Ban T chc cn b; - Ban K hoch - Ti chnh; - Vn phng; - C quan i din y ban Chng khon Nh nc ti thnh ph H Ch Minh. b) Cc t chc s nghip trc thuc: - Trung tm Nghin cu khoa hc v o to chng khon; - Trung tm Tin hc v Thng k; - Tp ch Chng khon. c) Cc t chc s nghip phi chuyn i (134 LCK) (3) (3)

- Trung tm Lu k Chng khon (Quyt nh s 171/2008/Q-TTg ngy 1812-2008 v vic thnh lp Trung tm lu k chng khon Vit Nam) - Trung tm Giao dch Chng khon H Ni (Quyt nh s 01/2009/Q-TTg ngy 2-01-2009 ca Th tng Chnh ph v vic thnh lp S giao dch chng khon H Ni) - Trung tm Giao dch Chng khon thnh ph H Ch Minh (Quyt nh s 599/Q-TTg ngy 11/05/2007 ca Th tng Chnh ph v chuyn Trung tm Giao dch Chng khon Thnh ph H Ch Minh thnh S Giao dch Chng khon Thnh ph H Ch Minh) Trung tm lu k Chng khon v cc Trung tm Giao dch Chng khon trong khi cha chuyn i m hnh t chc v phng thc hot ng theo quy nh ca Lut Chng khon vn thc hin theo m hnh n v s nghip c thu trc thuc y ban Chng khon Nh nc theo quy nh ca php lut. Vic quy nh chc nng, nhim v, quyn hn v c cu t chc ca cc n v, t chc thuc y ban Chng khon Nh nc thc hin theo quy nh ca B trng B Ti chnh (Quyt nh s 02/2008/Q- BTC, Quyt nh s 49/2008/Q- BTC) 2. X l vi phm trong hot ng chng khon Vn bn: - 121---130 LCK - Ngh nh s 36/2007/N-CP ngy 8-3-2007 v x pht vi phm hnh chnh trong lnh vc chng khon v th trng chng khon.

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- Thng t s 97/2007/TT-BTC ngy 8-8-2007 hng dn thi hnh mt s iu ca Ngh nh s 36/2007/N-CP ngy 8-3-2007 v x pht vi phm hnh chnh trong lnh vc chng khon v th trng chng khon. - Thng t lin tch s 46/2009/TTLT-BTC-BCA ngy 11-3-2009 hng dn phi hp x l vi phm php lut trong lnh vc chng khon v th trng chng khon a) Nhng hnh vi b cm trong hot ng chng khon (9 LCK) iu 9 LCK: Cc hnh vi b cm (4) 1. Trc tip hoc gin tip thc hin cc hnh vi gian ln, la o, to dng thng tin sai s tht hoc b st thng tin cn thit gy hiu nhm nghim trng lm nh hng n hot ng cho bn chng khon ra cng chng, nim yt, giao dch, kinh doanh, u t chng khon, dch v v chng khon v th trng chng khon. 2. Cng b thng tin sai lch nhm li ko, xi gic mua, bn chng khon hoc cng b thng tin khng kp thi, y v cc s vic xy ra c nh hng ln n gi chng khon trn th trng. 3. S dng thng tin ni b mua, bn chng khon cho chnh mnh hoc cho ngi khc; tit l, cung cp thng tin ni b hoc t vn cho ngi khc mua, bn chng khon trn c s thng tin ni b. 4. Thng ng thc hin vic mua, bn chng khon nhm to ra cung, cu gi to; giao dch chng khon bng hnh thc cu kt, li ko ngi khc lin tc mua, bn thao tng gi chng khon; kt hp hoc s dng cc phng php giao dch khc thao tng gi chng khon. K32 6 LCK: Thng tin ni b l thng tin lin quan n cng ty i chng hoc qu i chng cha c cng b m nu c cng b c th nh hng ln n gi chng khon ca cng ty i chng hoc qu i chng . Ngi bit thng tin ni b: (K33 6 LCK) a) Thnh vin Hi ng qun tr, Ban kim sot, Gim c hoc Tng gim c, Ph Gim c hoc Ph Tng gim c ca cng ty i chng; thnh vin Ban i din qu i chng; b) C ng ln ca cng ty i chng, qu i chng; c) Ngi kim ton bo co ti chnh ca cng ty i chng, qu i chng; d) Ngi khc tip cn c thng tin ni b trong cng ty i chng, qu i chng;
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) Cng ty chng khon, cng ty qun l qu u t chng khon v ngi hnh ngh chng khon ca cng ty; e) T chc, c nhn c quan h hp tc kinh doanh, cung cp dch v vi cng ty i chng, qu i chng v c nhn lm vic trong t chc ; g) T chc, c nhn trc tip hoc gin tip c c thng tin ni b t nhng i tng quy nh ti cc im a, b, c, d, v e khon ny. b) X pht vi phm hnh chnh b1. Cc hnh thc x pht vi phm hnh chnh (119 LCK) 1. T chc, c nhn c hnh vi vi phm quy nh ca Lut ny phi chu mt trong cc hnh thc x pht chnh sau y: a) Pht cnh co; b) Pht tin. + 5.000.000---70.000.000 + 1-5% tng s tin huy ng tri php lut, t 1 n 5 ln khon thu tri php lut (K3 121 LCK, K3,4 9 N36/2007) 2. Tu theo tnh cht, mc vi phm, t chc, c nhn vi phm cn c th b p dng mt hoc nhiu hnh thc x pht b sung bao gm nh ch hot ng; thu hi giy php, giy chng nhn lin quan n hot ng chng khon v th trng chng khon, Chng ch hnh ngh chng khon; tch thu ton b cc khon thu t vic thc hin cc hnh vi vi phm m c v s chng khon c s dng vi phm. 3. Ngoi cc hnh thc x pht quy nh ti khon 1 v khon 2 iu ny, t chc, c nhn vi phm cn phi thc hin cc bin php (khc phc hu qu) bao gm buc chp hnh ng cc quy nh ca php lut; buc hu b, ci chnh nhng thng tin sai lch, thng tin sai s tht; buc phi thu hi s chng khon pht hnh, hon tr tin t cc hoc tin mua chng khon cho nh u t. iu 7 N 36/07: Cc hnh thc x pht vi phm hnh chnh v bin php khc phc hu qu (3 nhm) 1) i vi mi vi phm hnh chnh trong lnh vc chng khon v th trng chng khon, c nhn, t chc vi phm phi chu mt trong hai hnh thc x pht chnh sau: (2) a) Pht cnh co; b) Pht tin. 2) Tu theo tnh cht, mc vi phm, c nhn, t chc vi phm hnh chnh cn c th b p dng mt hoc nhiu hnh thc x pht b sung sau: (3)
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a) Tch thu ton b cc khon thu t vic thc hin cc hnh vi vi phm m c v s chng khon c s dng vi phm hnh chnh; b) nh ch c thi hn hoc hu b t pht hnh chng khon ra cng chng, nu sau bn mi lm ngy khng khc phc c thiu st, vi phm; c) Tc c thi hn hoc khng c thi hn i vi Giy chng nhn cho bn chng khon ra cng chng; Giy php thnh lp v hot ng ca cng ty chng khon, cng ty qun l qu u t chng khon, cng ty u t chng khon; Giy php chng nhn ng k hot ng lu k chng khon; chng ch hnh ngh chng khon. Trong thi hn b tc quyn s dng giy chng nhn, giy php v chng ch hnh ngh chng khon, c nhn, t chc khng c tin hnh hot ng nghip v ghi trong giy chng nhn, giy php, chng ch hnh ngh chng khon. 3) Ngoi cc hnh thc x pht quy nh ti khon 1 v khon 2 iu ny, tu theo tnh cht, mc vi phm, c nhn, t chc vi phm cn c th b p dng mt hoc cc bin php khc phc hu qu sau y: (3) a) Buc chp hnh ng cc quy nh ca php lut i vi cc hnh vi vi phm hnh chnh; b) Buc hu b, ci chnh nhng thng tin sai lch, khng ng s tht; c) Buc t chc pht hnh phi thu hi cc chng khon cho bn, hon tr tin t cc hoc tin mua chng khon cho ngi u t trong thi hn ba mi ngy, k t ngy b tc quyn s dng Giy chng nhn cho bn chng khon ra cng chng. b2. X l nhng hnh vi vi phm hnh chnh c th Thc hin nhng iu cm v cc hnh vi vi phm quy nh ca php lut chng khon (10 nhm) 1) X l hnh vi vi phm quy nh v hot ng cho bn chng khon ra cng chng (iu 121 LCK, 9 N36/2007) 2) X l hnh vi vi phm quy nh v cng ty i chng (iu 122 LCK, 10, 11, 12 N36/2007) + Vi phm quy nh v cng ty i chng; + Vi phm quy nh v c ng ln ca cng ty i chng c c phiu nim yt ti S Giao dch chng khon hoc Trung tm giao dch chng khon;
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+Vi phm ca cng ty i chng c c phiu nim yt ti S Giao dch chng khon hoc Trung tm giao dch chng khon mua li c phiu ca chnh mnh 3) X l hnh vi vi phm quy nh v nim yt chng khon (iu 123 LCK,13 N36/2007) 4) X l hnh vi vi phm quy nh v t chc th trng giao dch chng khon (iu 124 LCK, 14---18 N36/2007) + Vi phm quy nh v t chc th trng giao dch chng khon + Vi phm quy nh v qun l nim yt ca S Giao dch chng khon hoc Trung tm giao dch chng khon + Vi phm quy nh v qun l thnh vin ca S Giao dch chng khon hoc Trung tm giao dch chng khon + Vi phm quy nh v giao dch, gim st v cng b thng tin ca S Giao dch chng khon hoc Trung tm giao dch chng khon + Vi phm quy nh v vic t chc giao dch chng khon ti cng ty chng khon 5) X l hnh vi vi phm quy nh v hot ng kinh doanh chng khon v chng ch hnh ngh chng khon (iu 125 LCK, 19---24 N36/2007) + Vi phm quy nh v Giy php kinh doanh chng khon, Giy chng nhn ng k hot ng ca Vn phng i din +Vi phm quy nh v hot ng kinh doanh ca cng ty chng khon + Vi phm quy nh v hot ng kinh doanh ca cng ty qun l qu + Vi phm quy nh v thnh lp, cho bn chng ch qu i chng, c phiu ca cng ty u t chng khon + Vi phm quy nh thnh lp qu thnh vin + Vi phm quy nh v chng ch hnh ngh chng khon 6) X l hnh vi vi phm quy nh v giao dch chng khon (iu 126 LCK, 25---29 N36/2007) +V i phm quy nh v cm tham gia vo giao dch c phiu + Hnh vi gian ln v la o trong giao dch chng khon + Vi phm quy nh v giao dch ni b trong giao dch chng khon + Hnh vi thao tng th trng chng khon + Vi phm quy nh v cho mua cng khai 7) X l hnh vi vi phm quy nh v ng k, lu k, b tr v thanh ton chng khon, v ngn hng gim st (iu 127 LCK, 30,31 N36/2007) + Vi phm quy nh v ng k, lu k, b tr v thanh ton chng khon
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+ Vi phm quy nh v trch nhim ca ngn hng gim st 8) X l hnh vi vi phm quy nh v cng b thng tin (iu 128 LCK, 32N36/2007) 9) X l hnh vi vi phm quy nh v bo co (iu129 LCK, 33 N36/2007) 10) X l hnh vi cn tr vic thanh tra (iu 130 LCK, 34 N36/2007).

b3. Thm quyn x pht vi phm hnh chnh (120 LCK) 1. Chnh Thanh tra chng khon c cc quyn sau y: a) Pht cnh co; b) Pht tin.

(2)

2. Ch tch U ban Chng khon Nh nc c cc quyn sau y: (3) a) Pht cnh co; b) Pht tin. c) p dng cc hnh thc x pht b sung v bin php khc phc hu qu quy nh ti khon 2 v khon 3 iu 119 ca Lut ny. c) X l hnh s vi phm php lut trong hot ng chng khon (TTLT46/2009) c1. Phi hp x l vi phm php lut trong lnh vc chng khon v th trng chng khon - Phi hp gia B Ti chnh v B Cng an trong pht hin v x l cc vi phm php lut trong lnh vc chng khon v th trng chng khon. B Ti chnh giao cho U ban Chng khon Nh nc, B Cng an giao cho C quan cnh st iu tra (Cc Cnh st iu tra ti phm v trt t qun l kinh t v chc v) (sau y gi tt l C quan iu tra) phi hp thc hin. - Gy hu qu nghim trng l gy thit hi ln v ti sn v cc hu qu phi vt cht (gy nh hng xu n vic thc hin ng li ca ng, chnh sch ca Nh nc; gy nh hng xu n s cng bng, cng khai, minh bch v an ton ca th trng chng khon) c quy nh trong cc vn bn quy phm php lut v chng khon v th trng chng khon hoc cc vn bn quy phm php lut khc quy nh, hng dn gy hu qu nghim trng. - T nguyn khc phc hu qu: l vic ngi c hnh vi vi phm php lut v chng khon gy thit hi v ti sn, v kinh t, trt t, n nh x hi t nhn trch nhim v t nguyn sa cha, bi thng thit hi, khc phc hu qu m c bn b thit hi chp nhn cng nh php lut cho php. c2. Cc hot ng phi hp c th (3)
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- Chuyn h s v vi phm c du hiu ti phm truy cu trch nhim hnh s - Chuyn h s v vi phm x pht vi phm hnh chnh theo quy nh ca php lut v chng khon v th trng chng khon - Phi hp cung cp thng tin v tnh hnh vi phm php lut trong lnh vc chng khon v th trng chng khon c3. Cc vi phm php lut trong lnh vc chng khon v th trng chng khon cn phi hp x l y ban Chng khon Nh nc v C quan iu tra c trch nhim phi hp pht hin, x l cc vi phm php lut trong lnh vc chng khon v th trng chng khon, c th nh sau: (8) 1) T chc, c nhn lp h s ng k gi mo cho bn chng khon ra cng chng gy hu qu nghim trng. 2) T chc, c nhn lp h s gi mo nim yt chng khon trn th trng gy hu qu nghim trng. 3) T chc, c nhn t chc th trng chng khon tri php lut gy mt n nh cho th trng chng khon gy hu qu nghim trng. 4) T chc, c nhn hot ng kinh doanh chng khon li dng chc trch, nhim v s dng tin, chng khon trn ti khon ca khch hng khi cha c khch hng y thc gy hu qu nghim trng. 5) T chc, c nhn lp qu u t chng khon m khng ng k hoc bo co vi U ban Chng khon Nh nc v s dng qu gy hu qu nghim trng. 6) Vi phm quy nh v giao dch chng khon gy hu qu nghim trng: (3) a) T chc, c nhn cung cp, tit l, s dng thng tin ni b mua bn chng khon hoc ngh ngi khc mua, bn chng khon gy hu qu nghim trng; b) T chc, c nhn thc hin hnh vi gian ln, la o, cung cp ti liu gi, lm gi, lm sai lch hoc tiu hu ti liu giao dch la o, d d khch hng mua, bn chng khon gy hu qu nghim trng; lm gi chng khon, lu hnh chng khon gi; c) T chc, c nhn thc hin cc hnh vi b cm thao tng gi chng khon, to ra gi chng khon gi to, giao dch gi to, gy hu qu nghim trng; 7) T chc, c nhn c cng b thng tin sai lch hoc to dng, tuyn truyn thng tin sai s tht trc li gy nh hng n th trng chng khon, gy lng on th trng giao dch chng khon, gy hu qu nghim trng;

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8) Cc vi phm php lut khc trong lnh vc chng khon v th trng chng khon gy hu qu nghim trng./.

NHNG TI THO LUN

(Minh ha bng thc tin ca th trng chng khon Vit Nam) 1. Khi nim v phn loi chng khon. 2. Quy ch chung v th trng giao dch chng khon. 3. Php lut hin hnh v dch v chng khon ti Trung tm lu k chng khon 4. Quy ch v cng b thng tin trn th trng chng khon 5. Ch php l chung ca pht hnh chng khon. 6. Nhng quy nh ring v qun tr cng ty nim yt 7. iu kin nim yt chng khon theo php lut hin hnh 8. Nhng quy nh php lut v thnh lp v hot ng ca qu u t chng khon i chng (dng ng) 9. Nhng quy nh php lut v thnh lp v hot ng ca cng ty u t chng khon 10. Nhng quy nh php lut v thnh lp v hot ng ca cng ty chng khon 11. Nhng quy nh php lut v thnh lp v hot ng ca cng ty qun l qu u t chng khon 12. V tr, chc nng v c cu t chc hot ng ca y ban chng khon nh nc 13. Php lut x l vi phm trong hot ng chng khon. 14. Khi qut ch php l v t chc v hot ng ca S giao dch chng khon thnh ph H Ch Minh 15. Khi qut ch php l v t chc v hot ng ca S giao dch chng khon thnh ph H Ni./.

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