Milestone in market surveillance activities

The State Securities Commission signed a Multilateral Memorandum of Understanding on APRC Supervision, further strengthening cooperation on securities market supervision with regulatory agencies of countries and territories.

State Securities Commission signs S-MMOU: An important milestone in market supervision activities

The State Securities Commission signed a Multilateral Memorandum of Understanding on APRC Supervision, further strengthening cooperation on securities market supervision with regulatory agencies of countries and territories.

On February 21, 2025, in Quang Nam, in the presence of Minister of Finance Nguyen Van Thang, representatives of Quang Nam provincial government and representatives of the Asia- Pacific Regional Subcommittee (APRC), International Organization of Securities Commissions (IOSCO), Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong, on behalf of the SSC, signed the Multilateral Memorandum of Understanding on Supervision of APRC (S-MMOU).

This is an event to enhance the cooperation in stock market supervision activities between the State Securities Commission and market management agencies of APRC member countries in particular and IOSCO in general, as well as to enhance the image and position of the Vietnamese stock market on par with other countries in the region.

Speaking at the signing ceremony, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said that since 2001, just 5 years after its establishment, the State Securities Commission of Vietnam has joined and become an official member of IOSCO. As a member of IOSCO, the State Securities Commission of Vietnam has always been proactive and actively participated in many IOSCO activities internationally and regionally, ready to support information sharing to serve the management, supervision and enforcement of securities management agencies of other countries.

“The signing of the S-MMOU today is also a demonstration of the commitment of the State Securities Commission of Vietnam to attach importance to international cooperation and comply with international and regional standards and principles. This also demonstrates the role, position and prestige of the State Securities Commission of Vietnam in the region and the world ,” the Chairman of the State Securities Commission emphasized.

Ms. Julia Leung - APRC Chairwoman, SFC CEO presented the APRC Multilateral Memorandum of Understanding on Supervision to Ms. Vu Thi Chan Phuong - Chairwoman of the SSC

The Chairman of the State Securities Commission affirmed that after today's signing ceremony, the State Securities Commission of Vietnam will further strengthen cooperative relationships and share information to support stock market supervision with regulatory agencies in the region, especially in the context of global financial markets increasingly facing new challenges under the rapid development of science and technology, artificial intelligence... as well as the requirements for green, sustainable development and ESG implementation.

“This is an important milestone for the global market management network, because S-MMOU is the foundation mechanism for APRC and IOSCO members to support each other in effectively implementing management, supervision, inspection and enforcement in the field of securities and the stock market. The signing of S-MMOU by the State Securities Commission of Vietnam demonstrates the commitment of the Vietnam securities market management agency in promoting cooperation in supervision and development of the regional securities market,” Mr. Rodrigo Buenaventura - Secretary General of IOSCO congratulated the State Securities Commission of Vietnam on becoming an official member signing S-MMOU.

At the same time, Mr. Rodrigo Buenaventura encouraged other members in the APRC region, following the State Securities Commission of Vietnam, to sign and join the S-MMOU to strengthen cooperation and information sharing in the APRC region even more strongly.

Participating in S-MMOU will facilitate the SSC of Vietnam to cooperate and exchange supervisory information at the maximum level allowed with APRC member countries, comply with Vietnam's domestic laws and regulations, and ensure Vietnam's full participation in the cooperation framework on supervising activities in the APRC regional securities market under IOSCO. The SSC of Vietnam is ready to cooperate and support each other among the management agencies to develop the regional securities market in a stable and sustainable manner.

- The APRC IOSCO Multilateral Monitoring Memorandum of Understanding (S-MMOU IOSCO) is an initiative of the Asia-Pacific Regional Committee (APRC) to be implemented from 2022. This is a Multilateral Memorandum of Understanding on Monitoring Cooperation for IOSCO member countries that have signed the IOSCO Multilateral Memorandum of Understanding on Consultation, Cooperation and Information Exchange (MMOU IOSCO). Currently, 12/33 APRC members have signed the S-MMOU.

The S-MMOU is not a legally binding instrument, but represents a commitment between the signatory member countries to cooperate and exchange supervisory information to the maximum extent permitted in accordance with and in compliance with the respective domestic laws and regulations of the signatory parties. The commitments in the S-MMOU include: cooperation in the licensing, registration or recognition of natural or legal persons; cooperation in continuous supervision; cooperation in field work; cooperation in emergency situations; cooperation in anti-money laundering and counter-terrorism financing; support for voluntary provision of information; permission for the use and confidentiality of information.

- The signing ceremony of the Memorandum of Understanding took place at the Symposium on the development orientation of the stock market in the integration trend, within the framework of the Asia-Pacific Regional Subcommittee Conference (APRC) of the International Organization of Securities Commissions (IOSCO) in 2025 in Quang Nam, Vietnam, hosted by the State Securities Commission (from February 19 to 21, 2025).

Source: https://baodautu.vn/uy-ban-chung-khoan-nha-nuoc-ky-ket-s-mmou-cot-moc-quan-trong-trong-hoat-dong-giam-sat-thi-truong-d248274.html