Circular No. 22/2018/TT-NHNN dated September 5th, 2018 of the State Bank on guidelines for procedures and application for approval for provisional lists of personnel of commercial banks, non-bank credit institutions and foreign banks’ branches
This Circular provides for procedures and application for approval for provisional lists of elected or appointed members of the Board of Directors, members of Board of Members, members of Board of Controllers or Director General (Director) at banks, foreign banks’ branches. read more
Accordingly, personnel expected to be appointed to become a member of the Board of Directors, member of Board of Members, member of Board of Controllers or Director General (Director) at banks must obtain the written approval of the State Bank of Vietnam’s Governor.
Each written approval of the State Bank of Vietnam’s Governor shall remain valid within 06 months from the date on which it is signed. After the effective period, if the election or appointment of personnel of banks fails to be completed, the written approval will become automatically null and void.
This Circular takes effect from November 1st, 2018
These regulations shall be abolished:
a) Section 3 Chapter II; Article 21; Clause 1, Clause 2 Article 43; Article 44; the regulations on approval for personnel specified in Articles 16, 46, 47, 48, 49, 50 and 51 of Circular No. 06/2010/TT-NHNN dated February 26th, 2010;
b) The regulations on approval for personnel specified in Section II Part III; Section III Part III of Circular No. 03/2007/TT-NHNN dated June 5th, 2007;
c) Decision No. 516/2003/QD-NHNN dated May 26th, 2003 and Decision No. 14/2006/QD-NHNN dated April 4th, 2006.
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