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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