On August 25, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1477/QD-NHNN supplementing operations to the License for the Establishment and Operations of Standard Chartered Bank (Vietnam) Limited.
Accordingly, the SBV Governor has approved of the supplementation of additional operations in Point d of Paragraph 1, Article 6 of the License for the Establishment and Operations of a 100% foreign owned bank No. 236/GP-NHNN dated September 08, 2008 issued by the SBV Governor to Standard Chartered Bank (Vietnam) Limited, to read as follows:
“- Operating as a supervisory bank in accordance with to the laws on securities.
- Operations of providing clearing and settlement services for securities transactions in line with the provisions of Point a of Paragraph 4, Article 56 of the Law on Securities.”
Standard Chartered Bank (Vietnam) Limited shall be responsible for implementing the procedures in line with provisions of Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the SBV regulating the issuance of licenses to, and the establishment and operations of commercial banks, foreign bank branches, 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 20, 2017 of the SBV; Circular No. 17/2018/TT-NHNN dated August 14, 2018; Circular No. 28/2021/TT-NHNN dated December 31, 2021).
Standard Chartered Bank (Vietnam) Limited is also requested to take responsibility for implementing the procedures to register and publicize the changed substances in line with Paragraph 4 of Article 29 of the Law on Credit Institutions No. 47/2010 dated June 16, 2010 (as amended and supplemented).
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations of a 100% foreign owned bank No. 236/GP-NHNN dated September 08, 2008 issued by the SBV Governor to Standard Chartered Bank (Vietnam) Limited.
LK