From August 15, the State Securities Commission begins to apply "one-stop" information disclosure.
The State Securities Commission decided to deploy the One-Stop Information Disclosure System, applicable to public companies to support reporting and information disclosure.
The State Securities Commission (SSC) has decided to deploy a single-point information disclosure system for public companies to support reporting and information disclosure.
Specifically, from August 15, companies listed on HoSE will stop reporting and publishing periodic and irregular information, as well as reporting on capital use as prescribed in Chapter II and Chapter III of Circular 96/2020/TT-BTC dated November 16, 2020 of the Ministry of Finance on the State Securities Commission's Information Disclosure System (IDS). Instead, companies will report and publish on the HoSE system.
The IDS information disclosure system continues to maintain connectivity. Listed/registered companies continue to report and disclose information as required by the State Securities Commission; information on securities offerings and issuances as prescribed in Chapter II of Decree No. 155/2020/ND-CP dated December 31, 2020 of the Government detailing the implementation of a number of articles of the Securities Law, Circular 118/2020/TT-BTC dated December 31, 2020 of the Ministry of Finance guiding a number of contents on securities offerings and issuances, public tenders, share repurchases, public company registration and cancellation of public company status and other activities of the company via the IDS subsystem.
In addition, unlisted public companies that have not registered for trading continue to report and disclose information via the IDS Information Disclosure System.
Previously, from March 8, 2024, the State Securities Commission will operate the One-Stop Information Disclosure System applicable to organizations listed and registered for trading on the stock exchange. In the immediate future, it will be applied to organizations listed and registered for trading on the Hanoi Stock Exchange (HNX).
Previously, organizations listed and registered for trading on HoSE/HNX had to fulfill the obligation to disclose information to both the State Securities Commission and the exchange where the company had its shares listed and registered for trading.
Putting into operation the One-stop Information Disclosure System is one of the solutions of the State Securities Commission to minimize administrative procedures, reduce costs for businesses, increase the efficiency and timeliness of information disclosure, and create favorable conditions and support for listed organizations to fulfill their information disclosure obligations on the stock market.