Vietnam: Exchange members’ obligations to send reports at the beginning of the month

Duy Thinh

09:28, 03/11/2017

This is the new point mentioned in Circular No. 115/2017/TT-BTC of the Ministry of Finance of Vietnam on guidelines for securities market surveillance.

According to Circular No. 115/2017/TT-BTC of the Ministry of Finance of Vietnam, exchange members must send the following reports to the State Securities Commission (hereinafter referred to as SSC) and the Stock Exchange (hereinafter referred to as SE) to serve the market surveillance within their functions (not regulated previously). To be specific:

- Monthly reports: Within the first 5 working days of the month, the exchange member must send a monthly report to SSC.

- Irregular reports: Within 24 hours from the date on which the exchange member discovers signs of banned transactions prescribed in Article 9 of the Law on Securities, he/she shall send an irregular surveillance report to SSC or SE.

- Reports upon requests: Exchange members shall send a report upon a written request of SSC or SE. Exchange members shall send adequate and accurate reports promptly according to contents and deadlines required by SSC or SE.

Moreover, exchange members must also cooperate with SSC, SE, and Vietnam Securities Depository in conducting market surveillance at requests.

Circular No. 115/2017/TT-BTC of the Ministry of Finance of Vietnam takes effect from December 08, 2017 and replaces Circular No. 13/2013/TT-BTC.

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