Issuing regulations on coordinating the review of IPO dossiers at the same time as stock listing dossiers

The Chairman of the State Securities Commission has signed Decision No. 709/QD-UBCK promulgating the Regulation on coordination in reviewing registration dossiers for initial public offerings (IPOs) at the same time as registration dossiers for listing shares. This is considered an important step in reforming administrative procedures, helping to improve the efficiency of capital mobilization and protect the interests of investors in the stock market.

Customers transact at the headquarters of Bao Viet Securities Company. Illustration photo: Tran Viet/VNA

The coordination regulations were issued to implement the provisions of Article 111a of Decree No. 155/2020/ND-CP, amended and supplemented by Decree No. 245/2025/ND-CP. Accordingly, specialized units under the State Securities Commission and the Ho Chi Minh City Stock Exchange (HOSE) will coordinate to review documents related to financial statements, contributed charter capital reports, company charters and related documents. This mechanism helps to significantly shorten the time to put shares into trading after IPO.

During the review process, the State Securities Commission and HOSE coordinate through document exchanges, professional meetings and information sharing on requests for amendments, supplements, clarifications or rejections of documents. After the State Securities Commission issues the Certificate of Registration for Initial Public Offering of Shares, the prospectus and certificate will be sent to HOSE to continue the listing registration process.

The coordination regulations help reduce administrative procedures, increase transparency and standardize the IPO process associated with listing. When conducting an IPO, businesses will simultaneously prepare for listing conditions, creating maximum convenience for capital mobilization and enhancing investor confidence.

The issuance of this Coordination Regulation by the State Securities Commission is expected to contribute to enhancing the competitiveness of the Vietnamese stock market, supporting sustainable business development, and protecting the legitimate rights of investors.

Source: https://baotintuc.vn/thi-truong-tien-te/ban-hanh-quy-che-phoi-hop-xem-xet-ho-so-ipo-dong-thoi-voi-ho-so-niem-yet-co-phieu-20250929205318638.htm