What types of securities transactions does the Vietnam Exchange supervise? What are the supervision methods of the Stock Exchange?
What types of securities transactions does the Vietnam Exchange supervise?
According to the provisions of Article 8 of Circular No. 95/2020/TT-BTC on this content as follows:
- Supervision by Vietnam Exchange and its subsidiary companies is meant to detect unusual and suspicious transactions, including:
+ Use of internal information in securities trading;
+ Manipulation of the securities market;
+ Other violations against regulations of law on securities transactions and the securities market.
- Supervision of transactions, information disclosure and reporting transaction of listed and registered securities of listed and registered public companies, trading members, securities investment fund management companies, securities investment funds, investment companies, major shareholders and groups of related persons holding at least 5% of voting shares of a public company or public investment company; investors and groups of related persons holding at least 5% of fund certificates of a closed-end fund; groups of related foreign investors holding at least 5% of voting shares of an issuer or at least 5% of fund certificates of a closed-end fund; internal actors, their related persons and other entities of listed and registered public companies, internal actors of listed closed-end public funds and related persons; persons authorized to disclose information and investors in accordance with applicable regulations.
- Supervision of repurchase of their own shares, tender offer and other transactions of listed and registered public companies in accordance with regulations of law on securities and the securities market.
What types of securities transactions does the Vietnam Exchange supervise? What are the supervision methods of the Stock Exchange?
Based on what criteria does the Stock Exchange supervise securities transactions?
According to the provisions of Article 9 of Circular No. 95/2020/TT-BTC, the Stock Exchange shall supervise securities transactions based on the following criteria:
- Vietnam Exchange shall establish and promulgate a system of criteria for supervision of transaction of securities that are listed and registered at its subsidiary companies, criteria for supervision of inter-market transactions (interactions between the primary securities market and derivatives market; between transactions of primary securities and secured warrant transactions) as the basis for day trading and swing trading supervision; promulgate criteria for securities transaction supervision reporting by trading members.
- The system of supervision criteria shall have specific contents and parameters; criteria for securities transaction supervision reporting by trading members must be periodically reviewed and assessed.
What are the supervision methods of the Stock Exchange?
According to the provisions of Article 10 of Circular No. 95/2020/TT-BTC, the supervision methods of the Stock Exchange are as follows:
- VNX shall carry out supervision through reports of the Stock Exchanges.
- Stock Exchanges shall supervise in-day transactions of listed and registered securities in real time on their supervision system in order to detect suspicious transactions.
- Stock exchanges shall supervise swing trading based on one or some of the following sources:
+ Securities transactions database;
+ Information provided by trading members, listed and registered public companies and investors which is disclosed in accordance with regulations of law on securities and the securities market;
+ Relevant information from VSDCC as prescribed in Article 19 of this Circular;
+ Information on the media and securities-related rumors;
+ Other sources of information.
- Requesting organizations and individuals that are relevant to unusual transactions to provide information and explanation.
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