DNVN - The State Securities Commission has just issued Official Letter No. 5117/UBCK-GSĐC to public companies regarding the implementation of the Single Information Disclosure System. Accordingly, from August 15, listed organizations only have to disclose information at one point on the Ho Chi Minh City Stock Exchange (HoSE).
Pursuant to Decision No. 877/QD-UBCK dated August 5, 2024 of the Chairman of the State Securities Commission (SSC) promulgating the Regulations on the use of the SSC's information disclosure system (IDS), on August 13, 2024, the SSC issued Official Dispatch No. 5117/UBCK-GSĐC to public companies on the implementation of the One-Stop Information Disclosure System.
Accordingly, from August 15, 2024, single-source information disclosure will be applied to organizations listed on HoSE.
Specifically, companies listed on HoSE will stop reporting, publishing periodic and irregular information, and reporting on capital use according to the provisions of Chapter II and Chapter III of Circular 96/2020/TT-BTC dated November 16, 2020 of the Ministry of Finance guiding information disclosure on the IDS system and reporting and publishing on HoSE's information disclosure system.
The IDS system continues to maintain connection to the address https://ids.ssc.gov.vn. Listed/registered companies continue to report and disclose information as required by the State Securities Commission. Information on securities offerings and issuances is prescribed in Chapter II of Decree No. 155/2020/ND-CP dated December 31, 2020 of the Government detailing the implementation of a number of articles of the Securities Law, Circular 118/2020/TT-BTC dated December 31, 2020 of the Ministry of Finance guiding a number of contents on securities offerings and issuances, public tenders, share repurchases, public company registration and cancellation of public company status and other activities of the company via the IDS subsystem.
Unlisted public companies that have not registered for trading continue to report and disclose information via the IDS Information Disclosure System.
Previously, from March 8, 2024, the State Securities Commission (SSC) operated the Single Information Disclosure System and applied it to organizations listed and registered for trading on the Hanoi Stock Exchange (HNX). After the implementation period, the connection between the Hanoi Stock Exchange's Information Disclosure System (CISM) and the SSC's information disclosure system was smooth, and information disclosure data was uploaded to the IDS system accurately and promptly.
Thus, up to now, all listed and registered trading organizations only have to report and publish information at a single point, the Stock Exchange, where the company is listed and registered trading.
Putting into operation the single-point information disclosure system is one of the solutions of the State Securities Commission to contribute to reducing administrative procedures. At the same time, it reduces costs for businesses, increases the efficiency and timeliness of information disclosure.
Thereby, creating favorable conditions and support for organizations listed and registered for trading on the Stock Exchange in performing their obligations to disclose information on the stock market.
Ha Anh
Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/tu-15-8-to-chuc-niem-yet-tren-hose-thuc-hien-cong-bo-thong-tin-mot-cua/20240815080833300
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