Vietnam State Securities Commission publishes Finance Ministry amendments aligning securities registration and derivatives market procedures with VNEID electronic identification

Vietnam’s State Securities Commission published an update on the Ministry of Finance’s Circular 14/2025/TT-BTC, which amends requirements under the rules for securities registration, depository, clearing and settlement and under the guidance for the derivatives securities market. The changes are intended to implement the government programme on population data, electronic identification and authentication, including the approach of not requiring personal paper documents once an electronic identification account has been registered and activated on the VNEID application. For securities registration and settlement processes, the circular updates documentation and data fields, including requiring organisational parties transferring ownership to provide an establishment and operation licence, an enterprise registration certificate, or equivalent documents. It also specifies identification information to be recorded for different client types, including a personal identification number for Vietnamese individual clients and persons of Vietnamese origin with undetermined nationality living in Vietnam, corporate registration or licensing details for domestic organisations, and the number and issuance date of the securities trading code registration certificate for foreign investors. For derivatives, it replaces Forms 01 and 02 in the appendix to Circular 58/2021/TT-BTC with updated forms issued under the new circular.