Vietnam: Cases of suspension of xem bóng đá trực tiếp nhà cái and settlement activities of xem bóng đá trực tiếp nhà cái members

Under Clause 1 Article 27of Circular 58/2021/TT-BTC on the suspension of xem bóng đá trực tiếp nhà cái and settlement activities of xem bóng đá trực tiếp nhà cái membersin Vietnam:

1. The Vietnam Securities Depository and Clearing Corporation shall issue decision to suspend clearing and settlement activities of a xem bóng đá trực tiếp nhà cái in the following cases:

a) The xem bóng đá trực tiếp nhà cái becomes insolvent and their deficit exceeds the sum of the margin which can be used at the time the xem bóng đá trực tiếp nhà cái is determined insolvent and assets contributed to the clearing fund of that xem bóng đá trực tiếp nhà cái;

b) The xem bóng đá trực tiếp nhà cái fails to fully make the required contribution to the clearing fund within 10 days from the deadline for provision of such contribution notified by the Vietnam Securities Depository and Clearing Corporation;

c) The xem bóng đá trực tiếp nhà cái fails to fully repay the funds from the clearing fund, risk management fund and lawful funding sources of the Vietnam Securities Depository and Clearing Corporation, which are used for fulfilling their settlement obligations, within 05 working days from the day on which such funds are used;

d) The xem bóng đá trực tiếp nhà cái fails to fully pay the compensation amounts as prescribed in Point c Clause 4 Article 11 hereof within 02 working days from the payment deadline notified by the Vietnam Securities Depository and Clearing Corporation;

dd) The xem bóng đá trực tiếp nhà cái fails to take actions to reduce their positions, in case their position limit is exceeded, within 05 working days from the receipt of notice of violation from the Vietnam Securities Depository and Clearing Corporation;

e) The xem bóng đá trực tiếp nhà cái fails to provide margin within 03 working days from the receipt of notice from the Vietnam Securities Depository and Clearing Corporation;

g) The xem bóng đá trực tiếp nhà cái receives 02 decisions to reprimand, or more, within a month or 02 consecutive months from the Vietnam Securities Depository and Clearing Corporation;

h) The xem bóng đá trực tiếp nhà cái’s clearing and settlement activities are suspended under State Securities Commission’s decision;

i) Other cases specified in the Vietnam Securities Depository and xem bóng đá trực tiếp nhà cái Corporation’s regulations;

k) Other cases reported by the Vietnam Securities Depository and xem bóng đá trực tiếp nhà cái Corporation and accepted by State Securities Commission.

Sincerely!