Inspection of securities companies, closely monitoring securities transactions for signs of abnormality
The May implementation plan report of the Ministry of Finance said that as of April 29, 2022, the VN-Index reached 1,366.8 points, down 8.4% compared to the end of last month and down 8.8 points. % compared to the end of 2021. The HNX-Index closed at 365.83 points, down 18.6% compared to the end of last month and down 22.8% compared to the end of 2021. Stock market capitalization. 3 exchanges HOSE, HNX and UPCoM on April 29, 2022 reached 7,166 trillion dong, down 7.7% compared to the end of 2021, equivalent to 85.3% of GDP; In terms of transaction size, in April 2022, the average transaction value reached 26,299 billion VND/session, down 19% compared to the previous month. In general, from the beginning of the year until now, the average trading value has reached 29,924 billion VND/session, up 12.5% compared to the previous year’s average.
Accordingly, the Ministry of Finance said the main plan and tasks in May in the management of financial markets and financial services are as follows:
The firstthe Ministry of Finance urgently implements and reviews problems and shortcomings in the securities law provisions and the decrees guiding the 2019 Securities Law. At the same time, reviewing and supplementing valid legal documents implemented in the interdisciplinary focus area in 2022.
Second, The Ministry of Finance will implement an inspection and examination plan for public companies, securities trading organizations, and audit firms that have been approved on the basis of the adjusted plan, and strictly handle violations. on the basis of monitoring results.
Tuesday, The financial strictly supervise securities transactions with abnormal signs, promptly coordinate with the Stock Exchanges to evaluate, analyze and conduct transaction inspection for transactions showing signs of violations. violate regulations; currently supervises the activities of public companies.
Wednesdaythe Ministry of Finance will implement a plan to inspect and examine audited enterprises for listed enterprises and public companies, paying attention to businesses whose customers have incorrect financial statements or there are many errors.
Fifth, the Ministry of Finance has stepped up inspection and supervision of the issuance of corporate bonds, especially those without collateral; Continue to implement the Stock Market Restructuring Project in accordance with the roadmap and legal regulations…
In addition, the Ministry of Finance will report to the Government and the Prime Minister on the Decree amending Decree No. 95/2018/ND-CP of the Government regulating the issuance, registration, depository, listing and trading Government debt instruments on the stock market; Decree amending Decree No. 153/2020/ND-CP of the Government regulating the private offering and trading of corporate bonds in the domestic market and the offering of corporate bonds to the international market; Decree on issuance of government debt instruments; Decree on offering and trading corporate bonds; Decree amending and supplementing the state investment credit policy…
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