Accordingly, the SSC said that, based on the Securities Law, the Ho Chi Minh City Stock Exchange (HOSE) submitted to the SSC a proposal to approve the official operation of the KRX information technology system without a report to the Ministry of Finance. , Vietnam Stock Exchange (VNX) and there is no opinion from the beneficiaries (HNX, VSDC) to ensure compliance with legal regulations.
According to the content of Proposal No. 04, the KRX information technology system currently does not have a comprehensive acceptance record between the investor, contractor and beneficiary units, which means it does not ensure compliance with applicable investment management regulations. Apply information technology using state budget capital.
HOSE’s submission does not show that the KRX information technology system has been subjectively approved by the unit for information security level (level 4) according to Government regulations.
There is no official document from members regarding the readiness to connect to the KRX information technology system as well as the ability to provide securities services to investors after connection.
The SSC has issued an official dispatch requesting the Exchanges and VSDC to implement, report and have plans to resolve issues related to the KRX information technology system.
Based on the above content, the SSC does not have enough basis to approve HOSE’s proposal to put the KRX information technology system into official operation on May 2, 2024.
Thu Huong
