HoSE-listed firms required to use single disclosure point
The new system for information disclosure about firms listing on the stock exchange, became active on August 15.
The Hồ Chí Minh Stock Exchange (HoSE) has issued a notification regarding the implementation of a reporting system to facilitate information exchange between the State Securities Commission (SSC) and HoSE.
This system officially started operations on August 15.
Specifically, listed companies are mandated to submit reports and disclose information to HoSE in accordance with the regulations using the Electronic Document Management System (ECM) as outlined in Decision No. 49/QD-SGDHCM.
It is essential that these submissions are accurate and comprehensive as per the specified guidelines.
Companies are required to select the types of information disclosures based on the list provided in Appendix I and any disclosures outside of this list will not be accepted.
Listed companies are required to comply with naming conventions for PDF file attachments and provide concise summaries. HoSE will reject submissions that do not meet these specifications.
Attachments must be in PDF format, digitally signed with a signature registered with HoSE and should not exceed 15MB in size.
The exchange has outlined a two-step guide for listed companies to follow when disclosing information and inputting financial data.
Regarding the disclosure of information by insiders, related parties of insiders and major shareholders, listed companies must submit paper notifications or reports to HoSE instead of using the information disclosure function.
If a listed entity assists insiders, related parties and major shareholders in submitting electronic documents (PDFs) through the ECM system, digital signatures must be applied.
Since March 8, the SSC has run a centralised information disclosure system for listed companies and Hà Nội Stock Exchange (HNX)-traded entities.
The seamless connection between HNX's Corporate Information Management System (CISM) and the SSC's system ensures accurate and timely data uploads to the main IDS.
Now, all listed and HNX-traded companies only need to report to their respective stock exchanges for trading. — VNS
