Vietnam: What should non-bank credit institutions do after receiving new licenses or supplementary licenses?

08:52, 25/02/2019

Recently, 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.

Specifically, according to Circular No. 01/2019/TT-NHNN of the State Bank of Vietnam, right after receiving new licenses or supplementary licenses issued by the State Bank, non-bank credit institutions should:

- Perform procedures with business registration agencies on changes to the licenses according to law provisions;

- Make public announcement of changes of the license on the State Bank’s media or a daily newspaper for three consecutive issues, or on Vietnam’s online newspapers within seven working days since the State Bank issues new licenses or supplementary licenses;

- Amend its Charter in conformity with the modified license and submit the amended charter to the State Bank of Vietnam within 15 business days after the date it is approved.

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

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

25 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn