Decision 39/QD-UBCK3 1999 on the approval of the Designated Bank for payment issued by the Chairman of the State Securities Commission

DECISION

APPROVING THE DESIGNATED CLEARING BANK

THE CHAIRMAN OF THE STATE SECURITIES COMMISSION

Pursuant to the Government’s Decree No. 15/CP of March 2nd, 1993 on the tasks, powers and State management responsibilities of the ministries and the ministerial-level agencies;
Pursuant to the Government’s Decree No. 75/CP of November 28th, 1996 on establishment of the State Securities Commission;
Pursuant to the Government’s Decree No. 48/1998/ND-CP of July 11th, 1998 on the Securities and Securities Market;
Considering the application of the Vietnam Investment and Development Bank to act as Designated Clearing Bank;
At the proposal of the director of the Securities Trading Management Department,

DECIDES:

Article 1.- To approve Vietnam Investment and Development Bank acting as Designated Clearing Bank in service of the settlement of securities transactions at the Security Trading Centers.

Article 2.- This Decision takes effect 15 days after its signing.

Article 3.- The director of the Office, the director of the Securities Trading Management Department, the heads of units of the State Securities Commission, the Securities Trading Center and the Vietnam Investment and Development Bank, the custody members and the concerned parties shall have to implement this Decision.

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