On December 1, 2020, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 2044/QD-NHNN announcing a number of amendments and supplementation to, and replacements of administrative procedures for the establishment and operations of institutions in the banking sector as stipulated in Circular No. 13/2020/TT-NHNN dated November 13, 2020. These procedures shall be performed at the one-stop shop services under the SBV’s jurisdiction.
Specifically, the SBV has officially launched a number of amended and supplemented administrative procedures, which shall be implemented by the Banking Supervision Agency: "Procedures for approving a list of expected personnel of a credit institution"; Announcing the amended and supplemented administrative procedures, which shall be implemented either by the Banking Supervision Agency or the SBV Provincial Branches, namely: "Procedures for approving the proposed personnel for the position of General Director (Director) of a foreign bank branch", “Procedures for announcing the list of elected/appointed personnel for the positions of Chairperson and Members of the Board of Directors, Chairperson and Members of the Board of Management, Head and Members of the Supervisory Board, General Director (Director) of a credit institution or a foreign bank branch".
Decision No. 2044/QD-NHNN shall take effect from December 28, 2020, and shall abolish Decision No. 1746/QD-NHNN dated August 23, 2019 announcing a number of amended and supplemented administrative procedures for the establishment and operations of institutions in the banking sector under the SBV’s jurisdiction.
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