The State Securities Commission (SSC) has just announced its decision to implement a single-point information disclosure system for public companies to support reporting and information disclosure. This change aims to simplify procedures and improve information disclosure efficiency.
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.
IDS will still be maintained to receive information disclosures 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; and for unlisted public companies that have not registered for trading.
Previously, since March, the State Securities Commission has also applied a single-point information disclosure for organizations listed and registered for trading on the HNX.
Previously, listed and registered enterprises on HOSE or HNX had to simultaneously disclose information to both the State Securities Commission and HOSE or HNX - the exchange where the company had its shares listed and registered for trading. As of the end of July, HOSE had 534 listed and traded stocks, including 395 stocks. This means that 395 enterprises on HOSE from August 15 only need to disclose information on the HOSE system. This helps to reduce procedures and costs for enterprises, increase efficiency and timeliness of information disclosed during operations.
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 disclosed information, and create favorable conditions and support for listed organizations to fulfill their information disclosure obligations on the stock market.
Source: https://vov.vn/thi-truong/chung-khoan/tu-158-ubcknn-chinh-thuc-trien-khai-he-thong-cong-bo-thong-tin-mot-cua-post1114438.vov
Comment (0)