blue-check Regulation on appointment and supervision of representatives of portions of state capital contributed to banks

Decision No. 1500/QD-NHNN dated September 20th, 2021 of the State Bank on issuing regulations on representatives of direct owners, representatives of portions of state capital paid in credit institutions, financial institutions and enterprises under the control of state bank of Vietnam
Posted: 26/10/2021 3:03:01 PM | Latest updated: 2/11/2021 10:56:35 AM (GMT+7) | LuatVietnam: 5323 | Vietlaw: 537

This Decision provides for new Regulation on appointment, rights and responsibilities, and mechanisms for supervision with regard to representatives of portions of state capital contributed to banks, financial institutions.

Accordingly, one of the new points of this Regulation is the addition of responsibility to hold periodical and irregular meetings between representatives and the State Bank of Vietnam.

In addition, the new regulation also separates standards, conditions, rights, responsibilities, etc. of representatives of direct owners and representatives of portions of state capital rather than regulating generally as previously.

This Decision takes effect from the date of its signing and replaces Decision No. 2678/QD-NHNN dated December 30th, 2019.

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Effective Date 20-Sep-2021
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 537
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