SBV Amends Circulars Related to Operation of Credit Institutions

SBV published the Circular No. 13/2019/TT-NHNN that amends and supplements a number of articles of circulars related to licensing, organization, and operation of credit institutions and foreign bank branches. The circular amends and supplements a number of articles of Circular No. 03/2018/TT-NHNN on licensing, organization, and operation of the group micro-finance institutions. The circular also amends and supplements a number of articles of Circular No. 22/2018/TT-NHNN, which provides guidelines on procedures and documents for approval of the tentative list of personnel of commercial banks, non-bank credit institutions, and foreign bank branches. The Circular No. 13/2019/TT-NHNN takes effect on October 05, 2019, with certain exceptions.