Vietnam: Organizations and individuals relevant to unusual transactions must provide explanation

17:00, 21/11/2020

This is an important content of the Circular No. 95/2020/TT-BTC on guidance on supervision of securities transactions on the securities market of the Ministry of Finance of Vietnam, issued on November 16, 2020.

Vietnam: Guidelines for development of the database system serving supervision of securities transactions / Vietnam: Conducting supervision of securities transactions according to the following contents

Tổ chức, cá nhân liên quan đến giao dịch có dấu hiệu bất thường phải giải trình

According to Article 10 of the Circular No. 95/2020/TT-BTC of the Ministry of Finance of Vietnam, securities transaction supervision methods are specified as follows:

1. Vietnam Exchange (VNX) shall carry out supervision through reports of the Stock Exchanges.

2. Stock Exchanges shall supervise in-day transactions of listed and registered securities in real time on their supervision system in order to detect suspicious transactions.

3. Stock exchanges shall supervise swing trading based on one or some of the following sources:

- Securities transactions database;

- Information provided by trading members, listed and registered public companies and investors which is disclosed in accordance with regulations of law on securities and the securities market;

- Relevant information from Vietnam Securities Depository and Clearing Corporation (VSDCC) as prescribed in Article 19 of the Circular No. 95/2020/TT-BTC;

- Information on the media and securities-related rumors;

- Other sources of information.

4. Requesting organizations and individuals that are relevant to unusual transactions to provide information and explanation.

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

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