From August 15, the State Securities Commission officially deployed the One-stop Information Disclosure System.

The State Securities Commission (SSC) has just announced a decision to implement a single-point information disclosure system for public companies to support the submission and disclosure of reports and information. This change aims to simplify procedures and improve the efficiency of information disclosure.

Specifically, from August 15th, listed companies on the HOSE will cease reporting and disclosing periodic and extraordinary information, as well as capital utilization reports as stipulated in Chapters II and III of Circular 96/2020/TT-BTC dated November 16, 2020, issued by the Ministry of Finance , on the Securities Commission's Information Disclosure System (IDS). Instead, these companies will report and disclose information on the HOSE system.

From August 15th, the State Securities Commission (SSC) officially launched the single-point information disclosure system for listed companies on the HOSE. (Illustrative image: KT)

IDS will continue to receive information disclosures as required by the State Securities Commission; information on securities offerings and issuances as stipulated 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, starting in March, the State Securities Commission of Vietnam (UBCKNN) also implemented a single-point information disclosure system for listed and registered companies trading on the HNX.

Previously, listed companies trading on the HOSE or HNX had to simultaneously disclose information to both the State Securities Commission and the HOSE or HNX – the exchange where the company's shares were listed or traded. As of the end of July, the HOSE had 534 listed and traded securities, including 395 stocks. This means that from August 15th, 395 companies on the HOSE only need to disclose information through the HOSE system. This helps minimize procedures and costs for businesses, increasing the efficiency and timeliness of information disclosure during operations.

The implementation of the single-point information disclosure system is one of the solutions of the State Securities Commission of Vietnam (UBCKNN) aimed at minimizing administrative procedures, reducing costs for businesses, increasing the efficiency and timeliness of disclosed information, and creating favorable conditions and support for listed organizations to fulfill their information disclosure obligations on the securities 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