Obligations of the Vietnam Stock Exchange

Obligations of the Vietnam Stock Exchange
Nguyen Thi Diem My

What are the obligations of the Vietnam Stock Exchange, Ho Chi Minh City Stock Exchange and Hanoi Stock Exchange? – Thanh Hang (Binh Phuoc)

Obligations of the Vietnam Stock Exchange

Obligations of the Vietnam Stock Exchange (Internet image)

Regarding this issue, LawNet would like to answer as follows:

1. Obligations of the Vietnam Stock Exchange

Obligations of the Vietnam Stock Exchange (VNX)

- Bear State Securities Commission of Vietnam (SSC)’s inspection and supervision of its securities operations in accordance with Circular 06/2022/TT-BTC); provide explanations and rectification plans for conclusions and recommendations included in compliance supervision reports given by SSC; report and propose to SSC measures for responding to incidents or events that adversely affect the safety, stability and integrity of the securities market.

- Request SSC to promulgate or amend regulations on securities and securities market.

- Submit reports as prescribed in Chapter IV of Circular 06/2022/TT-BTC) and delegate HOSE and HNX to fulfill reporting obligations as prescribed.

- Retain and protect confidentiality of documents, files and data on securities operations in accordance with regulations of law; provide adequate, accurate and timely information, documents and data at the request of SSC to serve its performance of compliance supervision tasks.

(Article 4 of Circular 06/2022/TT-BTC)

2. Obligations of Ho Chi Minh City Stock Exchange and Hanoi Stock Exchange

Obligations of Ho Chi Minh City Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) include:

- Bear SSC’s inspection and supervision of its securities operations in accordance with this Circular; provide VNX with explanations and rectification plans for conclusions and recommendations included in compliance supervision reports given by SSC so that VNX submit consolidated reports to SSC. 

- Propose regulations and amendments to regulations on supervision of securities market to VNX that shall then submit consolidated reports thereon to SSC.

- Submit ad hoc reports to SSC on request and also submit such reports to VNX.

- Fulfill reporting obligations as delegated by VNX so that VNX can prepare and submit consolidated reports to SSC.

- Retain and protect confidentiality of documents, files and data on securities operations in accordance with regulations of law; provide adequate, accurate and timely information, documents and data at the request of SSC to serve its performance of compliance supervision tasks.

(Article 5 of Circular 06/2022/TT-BTC))

3. Obligations of Vietnam Securities Depository and Clearing Corporation

Obligations of Vietnam Securities Depository and Clearing Corporation (VSDC) include:

- Bear SSC’s inspection and supervision of its operations in the fields of securities and securities market in accordance with Circular 06/2022/TT-BTC); provide explanations and rectification plans for conclusions and recommendations included in compliance supervision reports given by SSC.

- Request SSC to promulgate or amend regulations on securities and securities market.

- Submit reports according to Chapter IV of Circular 06/2022/TT-BTC).

- Retain and protect confidentiality of documents, files and data on securities operations in accordance with regulations of law; provide adequate, accurate and timely information, documents and data at the request of SSC to serve its performance of compliance supervision tasks.

(Article 6 of Circular 06/2022/TT-BTC)

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