Vietnam: Amending the capital contribution application of an individual who is a founding shareholder of a non-bank credit institution

08:55, 23/02/2019

On February 01, 2019, the State Bank of Vietnam issued Circular No. 01/2019/TT-NHNN on amendments to Circular No. 30/2015/TT-NHNN on licensing, organization and operation of non-bank credit institutions.

Circular No. 01/2019/TT-NHNN of the State Bank of Vietnam supplements and annuls documents included in the application for capital contribution to non-bank credit institutions of individuals as founding shareholders. Specifically, new documents include:

- Share purchase form;

- Written declaration of relevant persons;

- CV; The criminal record which is issued by the agency managing criminal record database and contains 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;

- Such criminal record must be issued by a competent authority not more than 06 (six) months before the date the application for the license is submitted;

- Written declaration of individuals’ past credit relationship.

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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