The State Securities Commission requires the publication of proprietary transactions, not taking the closing price ATC
At the meeting with the Stock Exchanges, the Securities Depository Center and 23 securities companies, the State Securities Commission requested the Stock Exchanges to disclose information about proprietary transactions. of securities companies. Previously, from March 1, the Ho Chi Minh Stock Exchange (HOSE) stopped providing this data.
“In the immediate future, the State Securities Commission will require the Stock Exchanges to disclose information about proprietary trading transactions of securities companies. In the near future, it will be submitted to the Ministry of Finance to amend and supplement Circular 96 guiding information disclosure on the stock market”, the State Securities Commission said.
Along with that, in order to limit the possibility of price impact from the derivatives market on the underlying stock market, the State Securities Commission has approved the Vietnam Securities Depository (VSD) to issue Regulations on escrow, clearing and settlement of derivative securities.
In which, one of the new points of this regulation is to adjust the final settlement price of the VN30 index futures contract. Accordingly, the final settlement price will be the simple arithmetic average of the VN30 index in the last 30 minutes of the expiration date (including 15 minutes of continuous order matching and 15 minutes of periodic closing). after subtracting the 3 highest and 3 lowest index values of the continuous matching session, instead of the closing price of the ATC session to calculate the derivative price, thereby avoiding the impact on base market.
“The calculation of the final payment price according to the above method will be applied by VSD after the Exchange completes the adjustment of the sample contract information and publishes it at least 7 working days after the current regulations”, the Committee said. State Securities Commission said.
VN-Index broke through 1,200 points after yesterday afternoon session (May 13) (Artwork)
In the coming time, the management agency will review, evaluate and summarize to recommend shortcomings in the legal framework on securities and the securities market (including the Law on Securities and the system of legal documents). implementation manual).
In addition, the State Securities Commission will continue to strengthen the inspection, inspection and supervision of market activities to promptly prevent and strictly handle violations, protect the rights and interests of the market. legitimacy of market participants, thereby making the market healthy, and opening up capital flows for the economy.
On the other hand, strengthen the management and supervision of the activities of the Stock Exchanges and the Securities Depository Center; strengthen the role of supervisors at all levels in analyzing, evaluating and taking responsibility for identifying suspicious transactions that are likely to violate the law on securities trading; require securities companies to strengthen management of groups established by brokers; strictly handle securities companies that support securities manipulation activities.
For foreign capital flows, in addition to solutions to attract the participation of foreign investors, the State Securities Commission is also speeding up solutions, defining a roadmap so that it is expected to shorten the progress. The process of upgrading Vietnam’s stock market from marginal to emerging is the earliest, achieving the target set by the Government.
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