Disclosure of information on the securities market

On January 15, 2010, The Ministry of Finance issued Circular No. 09/2010/TT-BTC guiding on disclosure of information on the securities market. Accordingly, public companies, issuing organizations making a public offer of bonds, listing organizations, transaction registration organizations, securities companies, fund management companies, securities investment companies, the stock exchanges (SE) and their affiliated persons are subjects to requirement of information disclosure. In addition to the requirement of reporting to the State Securities Commission (SSC), SE on contents of the disclosed information, those entities are required to set up their own website to upload information on shareholder relations which contain company charter, internal management regulations, annual reports, periodic financial reports, and information related to shareholders' meetings. This Circular also specifies the process and contents of disclosure of information with regards to each applicable entity. It abrogates Circular No. 38/2007/TT-BTC dated April 18, 2007 and shall take effect on March 02, 2010.