Press release on issuance of Circular No.20/2016/TT-NHNN

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Giọng Nam

The Governor of the State Bank of Vietnam issued Circular No. 20/2016/TT-NHNN dated June 30, 2016.

Press release on issuance of Circular No.20/2016/TT-NHNN on revising some contents of Circular No.36/2012/TT-NHNN dated December 28, 2012 on management, operation and security of automated teller machines, and Circular No.39/2014/TT-NHNN dated December 11, 2014 to guide on  payment intermediary services.

The Governor of the State Bank of Vietnam (SBV) issued Circular No. 20/2016/TT-NHNN dated June 30, 2016 on revising some contents of Circular No.36/2012/TT-NHNN dated December 28, 2012 on management, operation and security of automated teller machines, and Circular No.39/2014/TT-NHNN dated December 11, 2014 to guide on  payment intermediary services.

The Circular revises and supplements several regulations on responsibilities of SBV branches and Banking Supervision Department in Hanoi and Ho Chi Minh city; concurrently revises several regulations on operational conditions of the ATM stipulated in Circular No.36/2012/TT-NHNN to formulate compulsory provisions to be complied by for service providers in order to ensure ATM management in line with laws and practical conditions of payment service providers; and abolish regulation on bussiness condition stipulated in Circular No.39/2014/TT-NHNN.

This Circular includes 04 articles with main substances as follows:

  • Revising and supplementing Article 4 that stipulates on ATM installation registration.
  • Revising and supplementing Item 1 Article 5 regulating on ATM operation time.
  • Revising and supplementing some contents in Form 1 on registering ATM installation, reallocation, termination of ATM operation.
  • Revising Item 7 Article 6 to regulate withdrawal limit for each transaction via ATM.
  • Revising Article 9 to define responsibilties of mobile ATM providers; revising and supplementing provisions on mobile ATM management, registration, reallocation, time change and operational termination of mobile ATM services.
  • Supplementing Item 3 Article 11 to regulate Hanoi and Ho Chi Minh Banking Supervision Department’s responsibilities on ensuring ATM management in accordance with relevant laws and each entity’s functions.

    • This Circular took effect from July 1st 2016.

    The State Bank of Vietnam