blue-check Conditions for banks performing securities-related activities

Circular No. 28/2021/TT-NHNN dated December 31st, 2021 of the State Bank on amendments to Circular No. 40/2011/TT-NHNNstatus2 dated December 15, 2011 of the Governor of the State Bank of Vietnam on the issuance of Licenses and the organization, operation of commercial banks, foreign bank branches (FBB), representative offices of foreign credit institutions, other foreign organizations having banking activities in Vietnam
Posted: 11/1/2022 1:23:47 PM | Latest updated: 13/6/2022 2:12:43 PM (GMT+7) | LuatVietnam: 5374 | Vietlaw: 550

This Circular supplements requirements for commercial banks, foreign bank branches to perform some activities in relation to securities, such as:

(i) corporate bond issuance agency activities; collateral asset management agency activities in corporate bond issuance activities;

(ii) purchase and/or sell Government bonds in the securities market;

(iii) provide securities clearing and settlement services, supervisory bank activities, securities depository activities.

In addition, this Circular also amends, supplements requirements for foreign banks when they participate in establishment of joint venture, 100% foreign bank in Vietnam.

This Circular takes effect from March 1st, 2022.

Please be informed that the attached forms are neither translated nor included in the English file.

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Effective Date 1-Mar-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 550

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