New regulations on information disclosure on the stock market

(Daiphuc corp) - The Ministry of Finance has just issued Circular 96/2020/TT-BTC guiding the disclosure of information on the stock market to replace Circular 155/2015/TT-BTC from January 1, 2021.

Accordingly, the organization's information disclosure must be made by the legal representative or authorized person. Periodically disclosed information, information about public company registration must be kept in writing (if any) and electronic data for at least 10 years. This information must also be kept and accessible on the website of the person disclosing information for a minimum of 5 years. Particularly for information disclosed on an extraordinary basis, on request or in other activities, it must be kept and accessible on the website of the subject of disclosure for at least 5 years.

Means of reporting and information disclosure include, the organization's electronic information page (website) that is the subject of information disclosure; the State Securities Commission's information disclosure system; websites of the stock exchange, other means of disclosure in accordance with the regulations of the stock exchange; other mass media as prescribed by law (print newspaper, electronic newspaper...). In the event that the company's account at a bank or foreign bank branch is frozen at the request of a competent authority, or when a payment service supplier detects signs of fraud, breaking the law regarding payment accounts; or the account is allowed to operate again after being frozen in the cases specified at this point..., the public company must announce it within 24 hours.


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