Vietnam: Methods of market surveillance by the Stock Exchange

17:19, 30/11/2017

On October 25, 2017, the Ministry of Finance of Vietnam issued Circular No. 115/2017/TT-BTC on guidelines for securities market surveillance. One of the notable contents of this Circular is the regulation on methods of market surveillance by the Stock Exchange (SE).

Specifically, according to Article 10 of Circular No. 115/2017/TT-BTC of the Ministry of Finance of Vietnam, SE shall conduct market surveillance through the following methods:

1. Observe the SE’s surveillance system online day trading of listed securities, registered securities to detect irregular trading.

2. Surveillance of multiple-day trading shall be conducted according to one of the following sources:

- Securities transactions database;

- Reports sent by exchange members, listed companies, participants of securities market; information disclosed by investors as prescribed in laws on securities and securities market;

- Information on clearing and payment of derivatives received from the Vietnam Securities Depository;

- Sources on means of mass media, rumors;

- Other sources.

3. Require entities concerned to provide information and explanations for irregular trading.

4. Inspect exchange members as prescribed in Article 12 of this Circular.

5. Cooperate with the State Securities Commission in conducting periodic or surprise inspection to supervisees of SE.

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

- Nguyen Trinh -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

10 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn