Vietnam: Conducting supervision of securities transactions according to the following contents

According to Article 8 of the Circular No. 95/2020/TT-BTC of the Ministry of Finance of Vietnam, supervision of securities transactions contents include:

1. Supervision by Vietnam Exchange (VNX) 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.

2. 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.

3. 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.

View more details at the Circular No. 95/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2021.

Thuy Tram

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE