What are regulations on compliance supervision of Vietnam Exchange (VNX) and its subsidiaries?

Supervision of promulgation and dissemination of documents of VNX and its subsidiaries

Pursuant to Article 7 of the Circular 6/2022/TT-BTC (takes effect from 24/03/2022) stipulating as follows:

Contents of SSC's supervision include:

1. Supervise promulgation, amendments to and abrogation of regulations and other documents prescribing operations of VNX and its subsidiaries.

2. Supervise cooperation in disseminating knowledge about securities and the securities market to investors of VNX and its subsidiaries.

Supervision of operations of VNX

Pursuant to Article 8 of the Circular 6/2022/TT-BTC (takes effect from 24/03/2022) stipulating as follows:

SSC shall supervise the compliance with the law on securities and securities market by VNX regarding the following operations:

1. Formulation and promulgation regulations on listing and trading of securities, and information disclosure, regulations on its members and other regulations on organization and operation of the securities market; issuance of criteria for supervision of transactions; issuance of trading indicators applied to members of VNX in accordance with regulations of law on securities and securities market.

2. Organization of the securities market in accordance with the law on securities.

3. Grant and cancellation of membership of members of VNX; management, inspection and taking actions against violations committed by members of VNX in accordance with regulations of the law on securities and acting as a mediator to settle disputes concerning securities trading operations at the request of members of VNX.

4. VNX’s supervision of compliance by HOSE and HNX with operational regulations; general supervision of securities trading and information disclosure by listed organizations, registered organizations, and investors that have to disclose information as prescribed; supervision of listed organizations, registered organizations, and investors operating on securities markets in accordance with regulations of law.

5. Assurance of the continuity, openness, fairness, order, safety and efficiency of securities trading on the securities market; implementation of measures for responding to incidents and events that adversely affect the safety, stability and integrity of the securities market; reporting on violations committed by members of VNX; reporting on violations committed by investors, listed organization or registered organizations in accordance with regulations of law.

6. Organization and exercise of compliance control by VNX of securities operations.

7. Retention and protection of confidentiality of documents, files and original data related to securities operations.

8. Other operations of VNX and its subsidiaries involved in its operations.

Best regards!