Headlines 14/12/2020 11:08 SA

Investors are subject to requirement for public disclose of their information of stock exchanges

Đình Thiên

On November 16, 2020, the Ministry of Finance promulgates the Circular No. 96/2020/TT-BTC providing guidance on public disclosure on the securities market.

Investors are subject to the public disclose requirements, including:

- Intra-company persons of public companies, internal persons of public trusts, public securities investment companies, subject to clause 45 of Article 4 in the Law on Securities and their associated persons.

- Major shareholders, groups of related persons owning at least 5% of voting shares of a public company, investors, groups of related persons owning at least 5% of fund units of a closed fund.

- Founding shareholders subject to transfer restriction enforced by public companies, public securities investment companies.

- Groups of associated foreign investors owning at least 5% of voting shares of an issuing company, investors, groups of related persons owning at least 5% of fund units of a closed fund.

- Shareholders, groups of related persons purchasing stocks to own at least 5% of voting shares of a public company;

Investors or groups of related persons purchasing stocks to own at least 5% of fund units of a closed trust.

- Entities or persons making public quotes to buy stocks of a public company, fund units of a target investment fund; target companies, target trust management companies.

Circular No. 96/2020/TT-BTC is entering into force on January 1, 2021, replacing the Circular No. 155/2015/TT-BTC dated October 6, 2015.

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