THE STATE BANK OF VIETNAM

Circular No. 08/2015/TT-NHNN dated June 30, 2015 of the State Bank of Vietnam amending, supplementing a number of Articles of the Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the State Governor of Vietnam regulating on licensing and organizations, operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam
Pursuant to the Law on 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 Decree No. 156/2013/ND-CP dated of November 11, 2013, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;
At the proposal of the Director of the Banking and Inspection Department,
The State Bank of Vietnam promulgates the Circular  amending, supplementing a number of Articles of the Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the Governor of State Bank regulating on licensing and organizations, operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam.
Article 1. To amend, supplement a number of articles of the Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the State Governor of Vietnam regulating on licensing and organizations, operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam:
1. To amend, supplement Clause 4 Article 13 as follows:
“4. If copies are not copies that are not authenticated, the original ones must be shown for contrast, the person who contrasts must sign in the copies and take responsible for the accuracy of the coppices.”
2. To amend, supplement Point b Clause 4 Article 14 as follows:
“b) Copies of documents evidencing qualifications;”
3. To supplement Section 4 into Chapter II as follows:
“Section 4
REGULATION ON REQUESTING FOR LICENSING, SUPPLEMENTING THE LICENCE
Article 18a. Principles of requesting for licensing, supplementing the license
Requesting for licensing, supplementing the license must be implemented according to the following principles:
1. The State Bank shall not grant permits for operations that commercial banks, foreign bank’s branches are not permitted as stipulated by current law; adjust contents permitted in accordance with the law on credit institutions and Appendix 01a, 01b promulgated together with this Circular. The new license shall replace all licenses, approval (that is a part that cannot be separated with the license) granted by the State Bank.