The logo of the State Securities Commission at its head office in Hanoi (Photo: cafef.vn) Hanoi (VNS/VNA) - The Ministry of Finance is collecting feedbackon a draft circular to help market regulators oversee trading activities on thestock market.
Under the draft, the market regulators are the State Securities Commission(SSC), the Vietnam Stock Exchange and its member companies – the Ho Chi Minh andHanoi stock exchanges, and the Vietnam Securities Depository and SettlementCorporation and its member units. Active commercial banks on the derivativesand government bond markets are not included.
Following reports by trading members and market regulators mentioned above, theSSC will investigate and penalise any actions that break the regulations onsecurities trading.
The highest-level market regulator will also analyse the data to find andprevent possible violations.
The Vietnam Stock Exchange, the two stock bourses, the Vietnam SecuritiesDepository and Settlement Corporation and its member units will be supervisedby the SSC when conducting trading, depositing and settlement activities.
The SSC will work with the Vietnam Stock Exchange, the two bourses and the VietnamSecurities Depository and Settlement Corporation to analyse and forecastactivities that may have an impact on the local stock market to protectinvestors and stabilise the market.
Sources of information may come from the reports developed by the Vietnam StockExchange, the two bourses and the Vietnam Securities Depository and SettlementCorporation.
Listed companies and investment funds are also required to submit daily reportsto the SSC. In addition, traders and investors are also able to reportsuspicious activities on the market.
Other sources of information include media reports and speculation. Accordingto the Ministry of Finance, speculation is unidentified information/eventsrelated to the listed company/investment fund.
Under the draft circular, organisations and individuals are obliged to providethe SSC and other market regulators with the required information when asked.
Commercial banks that provide settlement services for investors must providenecessary information of the accounts if demanded by the SSC and otherregulatory agencies.
In addition, banks must report trading data of investment funds to the SSC andother market regulators in accordance with existing rules. If any organisationor investor refuses to work with the market regulators, they will be penalisedaccordingly to regulations./.
Under the draft, the market regulators are the State Securities Commission(SSC), the Vietnam Stock Exchange and its member companies – the Ho Chi Minh andHanoi stock exchanges, and the Vietnam Securities Depository and SettlementCorporation and its member units. Active commercial banks on the derivativesand government bond markets are not included.
Following reports by trading members and market regulators mentioned above, theSSC will investigate and penalise any actions that break the regulations onsecurities trading.
The highest-level market regulator will also analyse the data to find andprevent possible violations.
The Vietnam Stock Exchange, the two stock bourses, the Vietnam SecuritiesDepository and Settlement Corporation and its member units will be supervisedby the SSC when conducting trading, depositing and settlement activities.
The SSC will work with the Vietnam Stock Exchange, the two bourses and the VietnamSecurities Depository and Settlement Corporation to analyse and forecastactivities that may have an impact on the local stock market to protectinvestors and stabilise the market.
Sources of information may come from the reports developed by the Vietnam StockExchange, the two bourses and the Vietnam Securities Depository and SettlementCorporation.
Listed companies and investment funds are also required to submit daily reportsto the SSC. In addition, traders and investors are also able to reportsuspicious activities on the market.
Other sources of information include media reports and speculation. Accordingto the Ministry of Finance, speculation is unidentified information/eventsrelated to the listed company/investment fund.
Under the draft circular, organisations and individuals are obliged to providethe SSC and other market regulators with the required information when asked.
Commercial banks that provide settlement services for investors must providenecessary information of the accounts if demanded by the SSC and otherregulatory agencies.
In addition, banks must report trading data of investment funds to the SSC andother market regulators in accordance with existing rules. If any organisationor investor refuses to work with the market regulators, they will be penalisedaccordingly to regulations./.
VNA
