On June 24, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1070/QD-NHNN revising the License of HSBC (Vietnam) Limited.
Accordingly, the SBV Governor has approved of two additional operations of “Acting as a supervisory bank in accordance with the laws on securities” and “Providing the service of clearing, payment of securities transactions in accordance with the requirements in Point a, Paragraph 4 of Article 56 of the Law on Securities” to be supplemented to Point d, Paragraph 1 of Article 6 of License No. 235/GP-NHNN dated September 8, 2008 issued by the SBV Governor to HSBC (Vietnam) Limited.
HSBC (Vietnam) Limited is responsible for implementing the procedures as stipulated in Paragraph 3, Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the SBV Governor stipulating the licensing, organization and operations of commercial banks, foreign bank branches, representative offices of foreign banks and international institutions with banking operations in Vietnam (as amended and supplemented by Circular No. 17/2017/TT-NHNN dated November 20, 2017).
This Decision took effect from the date of signing and is an integral part of License No. 235/GP-NHNN dated September 8, 2008 issued by the SBV Governor to HSBC (Vietnam) Limited.
Le Hang