On December 7th, 2018, the State Bank of Vietnam (SBV) issued Decision No. 2420/QD-NHNN revising the substance of operations in the Operation License of Orient Commercial Joint Stock Bank (OCB).
Accordingly, the SBV Governor approved the amendment of Point 8 of the Operation License No. 0061/NH-GP dated April 13th, 1996 issued by the SBV Governor to OCB, to read as follows: Investing in futures contracts of Government bonds; Securities depository.
OCB is responsible for is responsible for the implementation of the above-mentioned activities in accordance with the law and the guidance of SBV; implementing the procedures in line with Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15th, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented by Circular No.17/2017/TT-NHNN dated November 20th, 2017).
This Decision takes effect from the date of signing and is an integral part of Operation License No. 0061/NH-GP dated April 13th, 1996 issued by the SBV Governor to OCB.
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