Monitoring information sources to detect and handle transactions manipulating the securities market
Select cash flow investing in stock | |
How is the derivatives market monitored? | |
Transactions on the stock market will be closely monitored |
This Circular replaces the Ministry of Finance's Circular No. 13/2013 / TT-BTC dated 25 January 2013 on supervision of stock transactions on the stock market. The circular takes effect from 8 December 2017.
This Circular defines the responsibilities and rights of the State Securities Commission (SSC) in issuing supervision procedures; coordination regulation between the SSC, the Stock Exchange and the Vietnam Securities Depository in order to detect and handle acts of internal transactions, acts of securities market manipulation and other prohibited transactions and acts of law violation in the field securities and securities market; and in requiring supervisors to report information and documents related to securities transactions.
In addition, commercial banks providing account opening services to investors are also responsible for providing information on account balances of investors; data related to securities investment and transactions of the investment fund under bank’s management at the request of the SSC and other competent agencies according to the provisions of law.
Organizations and individuals engaging in transactions on the securities market must cooperate with the SSC, the Stock Exchange and the Vietnam Securities Depository and competent agencies according to law upon request. Organizations or individuals who fail the cooperation will be handled according to the law.
The circular also regulates the rights and responsibilities of stock exchanges such as issuing supervision procedures to ensure efficiency; to monitoring securities transactions, providing services related to securities transaction in the market of the stock exchanges; reviewing information on the mass media and rumours related to abnormal transactions; making and sending regular and irregular reports to the SSC at the request on the subjects of supervision.
The Circular also defines the rights and responsibilities of the Vietnam Securities Depository (VSD) as follows: managing and monitoring the maintenance of depository level; Determining and adjusting limit and position for securities companies, commercial banks and foreign bank branches to clear and settle derivatives transactions (TVBT) and investors according to the law; Requesting organizations and individuals under its supervision and management relating to securities clearing and payment activities to report, explain and provide information and documents for the supervision.
Upgrading Vietnam stock market: Still needs more time VCN- The process of upgrading Vietnam's stock market to emerging markets may last long due to a ... |
The supervision method of the VSD is based on data on position, depository of TVBT and investors; regular reports and information reflected by TVBT and participants of the derivatives securities market; information resources on the mass media and other information sources. The VSD has right to request organizations and individuals subject to the supervision of the VSC to provide information and explain their abnormal acts; coordinate with the SSC to regularly or irregularly check subjects of supervision of the VSD.
Related News
MoF holds investment promotion conference themed “Vietnam - Investment Destination” in Japan
10:22 | 14/03/2024 Finance
Solutions to balance between control and trade facilitation of Hoa Lu Customs
10:41 | 15/01/2024 Customs
OCOP Market – “Launching site” to help Vietnamese agricultural products fly high
09:56 | 19/09/2023 Import-Export
There will be a system to ensure transactions in e-commerce
09:08 | 20/09/2023 Import-Export
Latest News
It is necessary to build a national database on cross-border trade and transport
15:23 | 29/03/2024 Regulations
Removing difficulties in tax exemption and refund policies for export processing enterprises
14:48 | 27/03/2024 Regulations
Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business
15:41 | 24/03/2024 Regulations
New law expected to boost financial leasing
14:05 | 22/03/2024 Regulations
More News
5% VAT on fertilisers to create fairer market: domestic producers
14:03 | 22/03/2024 Regulations
Why not reduce export tax on fertilizer products to 0%?
09:37 | 21/03/2024 Regulations
Ho Chi Minh City Customs proposed to reduce VAT
09:54 | 20/03/2024 Regulations
Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)
13:52 | 15/03/2024 Regulations
VCCI proposes zero tax rate to be maintained for exported services
15:59 | 13/03/2024 Regulations
Ministry of Finance anwser voters about on-spot imports and exports
09:41 | 13/03/2024 Regulations
Customs instructs C/O submission for imported cane sugar products
09:38 | 13/03/2024 Regulations
SBV drafts regulations on a testing mechanism for Fintech
09:52 | 11/03/2024 Regulations
Finance sector abolishes 40 administrative procedures
09:23 | 10/03/2024 Regulations
Your care
It is necessary to build a national database on cross-border trade and transport
15:23 | 29/03/2024 Regulations
Removing difficulties in tax exemption and refund policies for export processing enterprises
14:48 | 27/03/2024 Regulations
Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business
15:41 | 24/03/2024 Regulations
New law expected to boost financial leasing
14:05 | 22/03/2024 Regulations
5% VAT on fertilisers to create fairer market: domestic producers
14:03 | 22/03/2024 Regulations