Documents and procedures for registering to practice as an asset administrator as an individual

Where to register to practice as an asset administrator? What do the documents to register as an asset administrator according to the latest regulations include?

1. What forms of practice are there for the profession of an asset administrator?

According to the provisions of Clause 1, Article 8 of Decree 22/2015/ND-CP, the forms of practice of an asset administrator include:

– Practicing as an individual;

– Practicing in an asset management and liquidation enterprise by establishing or participating Participate in establishing or working under contract for an asset management and liquidation enterprise.

Note: At the same time, a person with an asset management practice certificate can only register to practice asset management and liquidation at an asset management and liquidation enterprise or register to practice as an individual.

2. What are the conditions to practice as an asset administrator?

Pursuant to Clauses 1 and 2, Article 12 of the Bankruptcy Law 2014, the conditions for practicing as an asset administrator are specified as follows:

“1. The following people are granted certificates to practice as an asset administrator:

a) Law Professor;

b) Auditor;

c) People with bachelor’s degrees in law, economics, accounting, finance, banking and have 05 years or more experience in the field of training.

2. Conditions to practice as an Asset Administrator:

a) Have full civil capacity enough;

b) Have good moral qualities, a sense of responsibility, integrity, honesty, objectivity;

c) Have a certificate to practice as an asset manager.”

Thus, in the case of you having graduated in banking and finance, to register to practice as an asset manager, you first need to have a certificate to practice as an asset manager. Specifically, to receive this certificate you must have 5 years or more experience in the field of banking and finance.

3. Where to register to practice as an asset administrator?

According to Clause 1, Article 9, Decree 22/2015/ND-CP regulates this issue as follows:

“1. A person with a certificate to practice as an asset manager must register to practice asset management and liquidation as an individual at the Department of Justice of the province or centrally-run city where that person permanently resides.

Persons who register to practice asset management and liquidation as an individual must have a transaction address.”

Thus, after having a certificate of asset management practice Your attorney will carry out the procedures to register as an asset administrator at the Department of Justice of the province or centrally run city where you permanently reside.

4. Application for registration as an asset manager according to regulations in an individual capacity 

According to Clause 2, Article 9 of Decree 22/2015/ND-CP regulating registration to practice in asset management and liquidation as an individual as follows:

“2. Applicant for registration to practice in management and liquidation If you have assets as an individual, send 01 set of documents by post or directly to the Department of Justice and pay the practice registration fee according to the provisions of law. The documents include:

a) Application for registration to practice asset management and liquidation as an individual according to form TP-QTV-04 issued with this Decree;

b) A copy of the asset management practice certificate. member.

In case of necessity, the Department of Justice requests the applicant to register to practice asset management and liquidation as an individual to submit a criminal record.

In case the applicant to register to practice asset management and liquidation as an individual submits the application directly to the Department of Justice, present the original documents specified in Point b, Clause 2 of this Article for confrontation. reference.

In case the applicant registers to practice asset management and liquidation as an individual and sends documents by post to the Department of Justice upon request, present the original documents specified in Point b, Clause 2 of this Article.”

Thus, according to the latest regulations, the dossier to register to practice as an asset manager includes:

– Application for registration as an asset manager. Register to practice asset management and liquidation in an individual capacity according to form TP-QTV-04 issued with Decree 22/2015/ND-CP.

– Photocopy of the practicing certificate of Asset Management Officer.

– In case of necessity, the Department of Justice may require you to submit a criminal record card.

– School In case of submitting the application directly to the Department of Justice, present the original certificate of practice as an asset manager.

– In case of sending documents by post to the Department of Justice upon request, present the original certificate of practice as an asset manager.

5. Order and procedures for registering to practice as an asset manager

as an individual in an asset management capacity

According to Article 9 of Decree 22/2015/ND-CP, the order and procedures for registering as an asset manager as an individual are prescribed as follows:

(1) The person with a certificate to practice as an asset manager submits 01 set of documents via by post or directly to the Department of Justice of the province or centrally run city where that person permanently resides and pay the practice registration fee according to the provisions of law.

(2) Within 07 working days from the date of receiving complete and valid documents, the Department of Justice decides to record the name of the applicant for registration in the list of Asset Management Officers and enterprises practicing asset management and liquidation and notify that person in writing; In case of refusal, the reason must be notified in writing. The refused person has the right to complain and initiate a lawsuit according to the provisions of law.

(4) Within 03 working days from the date of decision to record the name of the applicant for registration in the list of Asset Administrators, enterprises practicing asset management and liquidation, the Department of Justice sends the list of Asset Administrators, enterprises practicing asset management and liquidation to the Ministry of Justice.

Document of names Being included in the list of asset managers and asset management and liquidation enterprises is the basis for proving the eligibility to practice asset management and liquidation of asset managers practicing in an individual capacity.

(5) The applicant for registration may practice asset management and liquidation from the date the Department of Justice decides to enroll in the list of asset administrators and asset management and liquidation enterprises. Asset administrators practice asset management and liquidation throughout the territory of Vietnam.

Above are the order and procedures for registering to practice as an asset administrator as an individual according to the latest current regulations. You can refer to and compare with your case to be able to register to practice as an asset manager in accordance with the law.