This is the newly added content as per Circular 29/2019/TT-NHNN, issued by the Governor of the State Bank of Vietnam, amending and supplementing several articles of Circular 16/2012/TT-NHNN dated May 25, 2012, of the Governor of the State Bank of Vietnam, providing guidance on certain articles of Decree 24/2012/ND-CP dated April 3, 2012, of the Government of Vietnam on the management of gold trading activities.
Illustration (source: internet)
Clause 1, Article 1 Circular 29/2019/TT-NHNN supplements the regulations on the application for adjustment of the Bullion Trading License effective from February 12, 2020. Specifically, when there are changes in the information on the business, credit institution on the Bullion Trading License, the business, credit institution shall submit an application for adjustment of the Bullion Trading License to the State Bank of Vietnam, the application includes:
A document requesting changes in the information on the business, credit institution on the Bullion Trading License.
Certificate of business registration.
Furthermore, Circular 29 also supplements the regulations on the procedure for adjusting the Bullion Trading License as follows:
Within 30 (thirty) days from the date of change in the information on the business, credit institution on the Bullion Trading License, the business, credit institution shall carry out the procedure for adjusting such License as follows:
- The business, credit institution shall directly or via postal service submit 01 (one) application dossier as prescribed in Article 9a of this Circular to the State Bank of Vietnam;
- Within 07 (seven) working days from the date of receipt of a complete and valid dossier, the State Bank of Vietnam shall issue a Decision on the Adjustment of the Bullion Trading License.
It should be noted that the Decision on the Adjustment of the Bullion Trading License is an integral part of the Bullion Trading License.
See the full text of the regulation at Circular 29/2019/TT-NHNN effective from February 12, 2020.
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