Supplementing documents proving capacity of expected management apparatus of non-bank credit institutions in Vietnam

Circular No. 01/2019/TT-NHNN of the State Bank of Vietnam amends and supplements documents proving capacity of expected management and control apparatus of non-bank credit institutions, specifically as follows:

- CV; Criminal records:

+ Regarding a Vietnamese national: The criminal record must be issued by the agency managing criminal record database and contain sufficient information about criminal records (including the criminal records that have been or not been expunged) and prohibition from holding certain positions, incorporation and management of enterprises and cooperatives;

+ Regarding a person who does not hold the Vietnamese nationality: The criminal record or another document of equivalent validity must be issued by a Vietnamese competent authority or foreign competent authority as prescribed;

+ Such criminal record or another document of equivalent validity must be issued by a competent authority not more than 06 months before the date the application for the license is submitted;

- Copy of diplomas proving professional levels;

- Other documents proving capacity for meeting requirements and standards as prescribed in the Law on credit institutions and other relevant law provisions;

- If a person who is expected to be elected as member of the Board of Directors, the Board of Members, the Control Board, General Director has no Vietnamese nationality, apart from the above-mentioned documents, written commitments to meeting requirements for residence and working in Vietnam should be included.

View details at Circular No. 01/2019/TT-NHNN of the State Bank of Vietnam, effective from March 20, 2019.

- Thanh Lam -

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