Vietnam: Time to send periodic supervision reports

According to Article 13 of the Circular No. 95/2020/TT-BTC of the Ministry of Finance of Vietnam, periodic supervision reports are specified as follows:

1. Within the first 02 working days of the next week, the Stock Exchange shall submit the weekly supervision report to the State Securities Commission (SSC), which shall contain:

- Securities transaction data, including: numbers of orders placed, orders matched, transactions that involve primary securities, derivatives and other securities being traded on the market in the week according to information on the transaction system of the Stock Exchange. Information about market-wide transactions managed by the Stock Exchange as prescribed by regulations of law on disclosure of information on the securities market, except information about open interests of each type of derivatives;

- Results of weekly securities transaction supervision; information about ratios of all shares in the market basket serving market evaluation (Form 01 in Appendix I attached to Circular No. 95/2020/TT-BTC).

2. Within the first 10 working days of the next month, on the basis of reports of the subsidiary companies, Vietnam Exchange (VNX) shall submit a monthly report (Form No. 02 in Appendix I attached to Circular No. 95/2020/TT-BTC) to SSC with the following primary contents:

- Its operation and supervision of securities transactions during its operation;

- Results of supervision by VNX and its subsidiary companies of unusual transactions and actions taken;

- Results of supervision of transactions by trading members and actions taken against violations committed by trading members;

- The report on supervision of unusual transactions and ad hoc reports prepared during the period;

- Proposals (if any).

3. Within the first 20 working days of the next year, on the basis of reports of the subsidiary companies, VNX shall submit an annual report (Form No. 03 in Appendix I attached to Circular No. 95/2020/TT-BTC) to SSC with the following primary contents:

- Its operation and supervision of securities transactions during its operation;

- Results of supervision by VNX and its subsidiary companies of unusual transactions and actions taken;

- Results of supervision of transactions by trading members and actions taken against violations committed by trading members;

- The report on supervision of unusual transactions and ad hoc reports prepared during the period.

4. The reports mentioned in Clauses 1, 2, 3 of this Article shall be made in both physical and electronic form, except for reports mentioned in Point a Clause 1 of this Article, which can be made in electronic forms only. These reports will be sent electronically if digital signatures are used by SSC, VNX and its subsidiary companies. VNX and subsidiary companies shall retain reported information as prescribed by law.

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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