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.
|Published||Vietlaw's Newsletter No. 537|