This Circular provides for new regulation on supervision of the compliance with laws of Vietnam Exchange (VNX) and its subsidiaries, including Ho Chi Minh City Stock Exchange (HOSE), Hanoi Stock Exchange (HNX), and Vietnam Securities Depository and Clearing Corporation (VSDC) by the State Securities Commission of Vietnam (SSC).
Similar to the earlier regulations, the SSC shall perform the supervision of the compliance with laws in operations of the Stock Exchanges and VSDC on the basis of periodical reports, denunciations of entities operating on the securities market and information available on the mass media and on the basis of periodical, ad hoc inspections.
Professional operations subject to the supervision are specified at Chapter II (with regard to the Stock Exchanges) and at Chapter III (with regard to VSDC)
This Circular takes effect from March 24th, 2022. To abrogate Circular No. 116/2017/TT-BTC dated October 25th, 2017 and Circular No. 35/2019/TT-BTC dated June 12th, 2019.