What are regulations on change of branches managing transaction offices of microfinance institutions (MFIs) in Vietnam?
What are regulations on change of branches managing transaction offices of microfinance institutions (MFIs) in Vietnam?
I would like to have some information on regulations on change of branches managing transaction offices of microfinance institutions (MFIs) in Vietnam.
Thank you!
Pursuant to Article 22 of the Circular 19/2019/TT-NHNN (takes effect from 01/01/2020) stipulating regulations on change of branches managing transaction offices of microfinance institutions (MFIs) in Vietnam as follows:
1. The MFI shall decide the change of branches managing transaction offices. The branch expected to manage transaction offices shall satisfy the conditions specified in Clause 2 Article 12 of this Circular.
2. Within 05 working days from the date of issuing the decision on change of the branch managing transaction offices, the MFI shall submit a report to the State Bank branch on fulfillment of the conditions in Clause 2 Article 12 of this Circular by the branch managing a transaction.
Above are regulations on change of branches managing transaction offices of microfinance institutions (MFIs) in Vietnam.
Best regards!
