Vietnam: Matters to be supervised by the State Securities Commission

17:15, 25/11/2017

This is one of the fundamental contents specified in Circular No. 115/2017/TT-BTC dated October 25, 2017 of the Ministry of Finance of Vietnam on guidelines for securities market surveillance. Specifically, matters to be supervised by the State Securities Commission (SSC) include:

First, according to surveillance reports of the Stock Exchange (SE), Vietnam Securities Depository (VSD), exchange members and other information sources, SSC shall thoroughly analyze to discover market manipulation, internal trading, other banned transactions and violations against laws on securities and securities market for timely measures.

Second, SE’s organization and surveillance of securities transactions on the securities market within the SE’s scope of surveillance prescribed in Section 2 Chapter II of Circular No. 115/2017/TT-BTC.

Third, VSD’s management and surveillance of margin thresholds for each account of investors, clearing members; position limits for each account of investors engaging in derivative securities exchange as prescribed in Section 3 Chapter II of Circular No. 115/2017/TT-BTC.

Fourth, trading conducted by domestic investors and foreign investors to discover irregularities in a timely manner that may cause psychological effects for small investors.

Fifth, provision of trading-related services of entities prescribed in Points b, c, d, dd, e, h, i Clause 2 Article 2 of this Circular.

Circular No. 115/2017/TT-BTC of the Ministry of Finance of Vietnam takes effect from December 08, 2017.

- Nguyen Trinh -

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