The Hanoitimes - The Ministry of Finance issued Circular No. 13/2013/TT-BTC on January 25, containing regulations on the supervision of securities transactions.
The circular provides specific definitions of securities transactions, securities listing orgnisations, securities registration, internal transactions, market manipulation, extraordinary transactions, and rumours.
Under the regulations, stock exchanges will be required to supervise transactions and report to the State Securities Commission on weekly, monthly, and annual bases, while the Securities Depository Centre will be required to report monthly.
Organisations and individuals engaged in securities transactions will be obligated to provide timely, full and accurate information, materials, and electronic data describing securities transactions in a uniform format described by the circular.
The circular will replace Decision No 127/2008/QD-BTC of December 2008 and will take effect on March 8.
