Listed enterprises are about to have their information published in a "single source"

The State Securities Commission said that from March 8, it will operate a one-stop information disclosure system applicable to organizations listed and registered for trading on the Stock Exchange (SGDCK).

This is also an issue that listed enterprises desire and have proposed to the management agency about unifying a system of information disclosure between the State Securities Commission, HOSE, and HNX so that enterprises can make information disclosure with just one operation.

In the immediate future, it will be applied to organizations listed and registered for trading on HNX. Currently, organizations listed and registered for trading on the Stock Exchanges perform their information disclosure obligations through the information disclosure system of the State Securities Commission according to the provisions of Circular No. 96/2020/TT-BTC dated November 16, 2020 of the Ministry of Finance guiding information disclosure on the stock market: "The subjects specified in Article 2 of this Circular, when disclosing information, must simultaneously report to the State Securities Commission and the Stock Exchange where the securities are listed and registered for trading".

Accordingly, listed and registered trading organizations are sending reports and information disclosure to both the State Securities Commission and the Stock Exchange where the company has listed and registered trading shares.

To reduce the burden on reporting and information disclosure, the State Securities Commission has deployed technological solutions and synchronized operational requirements, specifically unifying a reporting and information disclosure point for organizations listed and registered for trading on the Stock Exchange.

In that spirit, the State Securities Commission has directed relevant units to implement the task of adjusting the information disclosure system and related documents, meeting the requirements on connection technology and data exchange between the State Securities Commission and the Stock Exchange as soon as possible so that listed and registered organizations only have to report and disclose information at the sole focal point, the Stock Exchange, where the company is listed and registered for trading.

Up to now, the one-stop reporting and information disclosure system via HNX has been ready to be put into operation and will be applied first to 321 listed companies and 869 companies registered for trading.

After the implementation process at HNX, the State Securities Commission will continue to implement one-stop information disclosure for enterprises listed on the Ho Chi Minh Stock Exchange (HOSE).

Putting into operation the information disclosure system through a single focal point is one of the solutions of the State Securities Commission to contribute to reducing administrative procedures, reducing costs for businesses, increasing efficiency and timeliness of information disclosure, creating favorable conditions and supporting organizations listed and registered for trading on the Stock Exchange in performing their information disclosure obligations on the stock market.

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