THE STATE BANK OF VIETNAM
Circular No. 24/2014/TT-NHNN dated September 06, 2014 of the State Bank of Vietnam guiding some contents in deposit insurance
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 Deposit Insurance No.06/2012/QH13 dated June 18, 2012;
Pursuant to the Government’s Decree No.68/2013/ND-CP dated June 28, 2013 on providing instructions on the implementation of the Law on Deposit Insurance;
Pursuant to the Government's Decree No. 156/2013/ND-CP dated November 11, 2013 on defining the function, task, power and organizational structure of the State Bank of Vietnam;
At the proposal of the Director of the Department of Legal Affairs;
The Governor of the State Bank of Vietnam hereby promulgates the Circular on defining certain contents pertaining to the deposit insurance.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of adjustment
This Circular provides instructions on carrying out certain activities regarding the deposit insurance such as the determination of contents of the Certificate of Deposit Insurance; issuance and revocation of the Certificate of Deposit Insurance in case of the merger and consolidation of insured institutions; opening and use of the insurance deposit account opened at banks and the State Bank of Vietnam (hereinafter referred to as the State Bank); purchase of treasury bills issued through the State Bank.
Article 2. Subject of application
This Circular is applied to the following entities:
1. The Deposit Insurance of Vietnam.
2. Institutions or organizations participating in the deposit insurance include commercial banks, branches of foreign banks, cooperative banks, people's credit funds and microfinance institutions (hereinafter referred to as insured institution).
3. Insured depositors.
4. Organizations or individuals involved in the deposit insurance activities.
