What are regulations on suspension, termination of trading of one or some securities that are listed, registered securities in Vietnam?

What are regulations on suspension, termination of trading of one or some securities that are listed, registered securities in Vietnam?

I have a question related to securities sector in Vietnam. What are regulations on suspension, termination of trading of one or some securities that are listed, registered securities on the securities trading system in Vietnam?

Answer:

Pursuant to Article 303 of the Decree 155/2020/NĐ-CP stipulating suspension, termination of trading of one or some securities that are listed, registered securities in Vietnam as follows:

1. The Stock Exchange shall suspend or terminate the trading of one or some securities that are listed or registered securities on the securities trading system in accordance with Point d Clause 1 Article 46 of the Law on Securities and at the request of SSC. The Stock Exchange shall submit a report to SSC within 24 hours after this measure is implemented.

2. The Stock Exchange include regulations on suspension, termination of the trading of one or some securities that are listed or registered on the securities trading system in its rules and regulations.

3. The Stock Exchange shall disclose information on its website within 24 hours after the suspension or termination is imposed or lifted.

What are responsibilities of State Securities Commission (SSC) of Vietnam in response to emergencies that affect the securities market in Vietnam?

What are responsibilities of SSC of Vietnam in response to emergencies, events, fluctuations that affect the safety, stability and integrity of the securities market?

Answer:

Pursuant to Clause 2 Article 302 of the Decree 155/2020/NĐ-CP stipulating responsibilities of SSC of Vietnam in response to emergencies, events, fluctuations that affect the safety, stability and integrity of the securities market as follows:

- Cooperate with Stock Exchanges, VSDCC, securities companies, securities investment fund management companies in responding to emergencies, events, fluctuations that affect the entire or part of the securities market o activities thereon;

- In case of major fluctuations that affect the safety and security of the securities market, SSC shall report to the Ministry of Finance, the Government and the Prime Minister on the market situations, solutions for stabilizing the market and ensuring financial security and safety.

What measures shall State Securities Commission (SSC) of Vietnam implement to assure the integrity of the securities market?

Related to acts for response to emergencies, events, fluctuations that affect the safety, stability and integrity of the securities market, what measures shall SSC of Vietnam implement?

Answer:

Pursuant to Clause 3 Article 302 of the Decree 155/2020/NĐ-CP stipulating as follows:

In response to emergencies, events, fluctuations that affect the safety, stability and integrity or the securities market, SSC shall implement the following measures:

- Request the Stock Exchange to suspend or terminate transaction of one or some listed, registered securities on the securities trading system;

- Suspend, terminate or restore part or all trading activities on the underlying securities market, derivative market of the Stock Exchange;

- Suspend, terminate, part or all or restore securities registration, depositing, clearing, settlement activities of VSDCC;

- Request the Stock Exchange to change its trading hours, reduce the fluctuation of prices, interrupt continuous order matching transactions or other technical measures;

- Implement measures for control, restrict or ban one or some securities-related securities for a limited period of time as prescribed by law;

- Other necessary measures after they are approved by the Minister of Finance.

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