Issuance of Certificate of registration for establishment of closed, open and real estate funds

Issuing registration certificates to establish closed, open, and real estate funds is an important step in diversifying investment tools in the Vietnamese financial market. These types of funds not only bring new investment opportunities to individual and institutional investors, but also contribute to promoting the development of the domestic capital market. The article below will introduce the conditions and process for granting Certificates of registration to establish closed, open, and real estate funds. We welcome you to follow us!

Conditions for being granted a Certificate of registration to establish closed, open, and real estate funds

Pursuant to Clause 1, Article 108 of the Law on Securities 2019, Point a, Clause 3, Article 120 of Decree 155/2020/ND-CP, conditions for being granted a Certificate of registration to establish closed, open, and real estate funds To be:

• There are at least 100 investors, not including professional securities investors, buying fund certificates, excluding exchange-traded funds;
• The total value of fund certificates sold is at least VND 50 billion.

Documents that need to be prepared to apply for a Certificate of registration to establish a closed or open fund or real estate fund

Pursuant to Article 235, Clause 1, Article 242 of Decree 155/2020/ND-CP, documents that need to be prepared to apply for a Certificate of registration to establish closed, open, and real estate funds include:

• Fund registration certificate according to Model number 92 Appendix issued together with Decree 155/2020/ND-CP.
• Report on the results of the offering Model number 102 Appendix issued with Decree 155/2020/ND-CP, enclosed with the supervisory bank’s confirmation of blockade of the amount of money collected in the offering, and a list of investors buying fund certificates.
• Minutes summarizing investors’ opinions on the contents of investor comments (if any).

Procedure for issuance of Certificate of registration for establishment of closed, open and real estate funds

Implementation steps

Pursuant to Article 239, Clause 1, Article 245 of Decree 155/2020/ND-CP, the steps to be granted a Certificate of registration to establish closed, open, and real estate funds are:

Step 1: Within 10 (ten) days after completing the offering, the securities investment fund management company submits the registration documents to establish a closed fund, open fund, real estate investment fund (organized and operated). operating in the form of closed funds) to the State Securities Commission.

Step 2: The State Securities Commission (One-Stop Department) receives and checks the list of documents. In case the list is incomplete, the State Securities Commission shall guide additional documents according to regulations.

Step 3: The State Securities Commission evaluates the completeness and validity of the file content. In case the dossier is incomplete or invalid, within 07 (seven) days, the State Securities Commission will respond in writing and clearly state the content of the request for amendment and supplementation.

Step 4: Within 07 (seven) days from the date of receipt of complete and valid documents, the State Securities Commission shall issue a Certificate of registration to establish a closed fund, open fund, or real estate investment fund to the company. securities investment fund management; In case of refusal, a written response must be made clearly stating the reason.

Competent authority

Pursuant to Clause 1, Article 239 of Decree 155/2020/ND-CP, the State Securities Commission – Ministry of Finance is the competent agency to issue the Certificate of registration for establishment of closed, open and real estate funds.

Consulting services for granting certificates of registration to establish closed, open, and real estate funds

In the process of establishing closed, open funds, and real estate funds, businesses may encounter difficulties when applying for a Certificate of registration to establish closed, open funds, or real estate funds. If you have any questions about this field that need assistance, please contact Long Phan. We will support you:

• Analyze and explain regulations related to the establishment and operation of closed, open and real estate funds.
• Instructions on the requirements to be followed in the process of applying for a Certificate of registration to establish closed, open, and real estate funds.
• Guide and support customers to prepare all necessary documents for applications for Certificate of registration to establish closed, open, and real estate funds.
• Review and complete documents to ensure accuracy and completeness.
• Consulting on organizational structure and fund management in accordance with the goals and scale of operations of the enterprise.
• Propose investment and risk management strategies appropriate to the type of fund.
• Representing customers in submitting applications for Certificates of registration to establish closed funds, open funds, real estate funds and contacting competent state management agencies.
• Monitor application processing progress and update information for customers.
• Instructions on procedures and requirements that need to be followed after being granted a Certificate.
• Consulting on fund management and operation.

In the above article, we have presented in detail the application for a fund establishment registration certificate. If you need detailed support or advice on the above activities, please contact the hotline 0906735386. Long Phan is ready to assist customers in completing procedures quickly and effectively.