List of Vietnam Law
Circular No. 21/2016/TT-NHNN dated June 30, 2016 of the State Bank of Vietnam on amendments to Circular No. 04/2013/TT-NHNN dated March 1, 2013 of the Governor of the State Bank of Vietnam on discounted transfer of negotiable instruments and other valuable papers of credit institutions and branches of foreign banks
Date: 6/30/2016
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THE STATE BANK OF VIETNAM
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SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness --------------- |
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No. 21/2016/TT-NHNN
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Hanoi, June 30, 2016
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CIRCULAR
ON AMENDMENTS TO CIRCULAR NO. 04/2013/TT-NHNN DATED MARCH 1, 2013 OF THE GOVERNOR OF THE STATE BANK OF VIETNAM ON DISCOUNTED TRANSFER OF NEGOTIABLE INSTRUMENTS AND OTHER VALUABLE PAPERS OF CREDIT INSTITUTIONS AND BRANCHES OF FOREIGN BANKS
Pursuant to the Law on the State bank of Vietnam No. 46/2010/QH12 dated June 16, 2010;
Pursuant to the Law on credit institutions No. 47/2010/QH12 dated June 16, 2010;
Pursuant to the Law on negotiable instruments No. 49/2005/QH11 dated November 29, 2005;
Pursuant to the Government's Decree No. 156/2013/ND-CP dated November 11, 2013 defining the functions, tasks, entitlements and organizational structure of the State bank of Vietnam;
At the request of the Director of the Financial policy department;
The Governor of the State bank of Vietnam promulgates a Circular on amendments to the Circular No. 04/2013/TT-NHNN dated March 1, 2013 of the Governor of the State bank of Vietnam on discounted transfer of negotiable instruments and other valuable papers of credit institutions and branches of foreign banks (Circular No. 04/2013/TT-NHNN).
Article 1. Amendments to the Circular No. 04/2013/TT-NHNN
1. Clause 1 Article 2 shall be amended as follows:
“1. Commercial banks, financial companies, financial leasing companies, cooperatives banks, and branches of foreign banks are permitted to conduct discounted transfer of negotiable instruments and other valuable papers as specified in establishment and operation licenses or establishment licenses issued by the State Bank.”
2. Clause 9 Article 5 shall be amended as follows:
“9. Credit institutions and branches of foreign banks must provide internal regulations on discounted transfer of negotiable instruments and other valuable papers in accordance with this Circular, the Law on credit institutions and relevant law provisions.”
Article 2. Clause 2 Article 2 and Article 4 of Circular No. 04/2013/TT-NHNN shall be annulled.
Article 3. Implementation
This Circular comes into force from July 1, 2016.
Article 4. Implementation
The Chief officers, the Director of the Financial policy department, Heads of affiliates of the State Bank of Vietnam, Director of branches of the State Bank of provinces and central-affiliated cities, Presidents of the Board of Directors, Presidents of the Member assembly, General Directors (Directors) of credit institutions and branches of foreign banks shall implement this Circular./.
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PP. GOVERNOR
DEPUTY GOVERNOR (Signed and sealed) Nguyen Thi Hong (This translation is for reference only)
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