Decision No. 1004/2001/QD-NHNN amends the provision on providing information related to customer deposits and deposited assets upon customer request, allowing it to be carried out according to the guidance of the receiving organization or through a written agreement between the parties. The decision takes effect fifteen days from the date of signature.
Scope of application
Heads of units under the State Bank of Vietnam, Directors of provincial/municipal branches of the State Bank directly under the Central Government, Chairmen of the Board of Management, General Directors (Directors) of Credit Organizations, and non-Credit Organizations engaging in banking activities.
Key points
- Heads of units under the State Bank of Vietnam → shall implement the provision of information related to customer deposits and deposited assets according to the guidance of each receiving organization or through a written agreement between the receiving organization, the deposited asset, and the customer.
- Directors of provincial/municipal branches of the State Bank directly under the Central Government → shall implement the provision of information related to customer deposits and deposited assets according to the guidance of each receiving organization or through a written agreement between the receiving organization, the deposited asset, and the customer.
- Chairmen of the Board of Management, General Directors (Directors) of Credit Organizations → shall implement the provision of information related to customer deposits and deposited assets according to the guidance of each receiving organization or through a written agreement between the receiving organization, the deposited asset, and the customer.
- Non-Credit Organizations engaging in banking activities → shall implement the provision of information related to customer deposits and deposited assets according to the guidance of each receiving organization or through a written agreement between the receiving organization, the deposited asset, and the customer.
- This decision takes effect fifteen days from the date of signature.
🌐 Social impact of this document
- Positive impact: Reduces the burden on Credit Organizations in implementing the provision of information, facilitating the working process between customers and receiving organizations.
- Negative impact: May lead to information security risks if strict management measures are not implemented.
❓ Frequently asked questions
How is the provision of information related to customer deposits and deposited assets carried out?
According to the decision, this provision of information is carried out according to the guidance of each receiving organization or through a written agreement between the receiving organization, the deposited asset, and the customer.
To whom does this decision apply?
This decision applies to Heads of units under the State Bank of Vietnam, Directors of provincial/municipal branches of the State Bank directly under the Central Government, Chairmen of the Board of Management, General Directors (Directors) of Credit Organizations, and non-Credit Organizations engaging in banking activities.
When does this decision take effect?
The decision takes effect fifteen days from the date of signature.
Must the provision of information related to customer deposits and deposited assets follow the guidance of the receiving organization or a written agreement?
According to the decision, this provision of information can be carried out according to the guidance of each receiving organization or through a written agreement between the receiving organization, the deposited asset, and the customer.
What conditions must the provision of information related to customer deposits and deposited assets comply with?
According to the decision, this provision of information is carried out according to the guidance of each receiving organization or through a written agreement between the receiving organization, the deposited asset, and the customer.
Full text
Pursuant to …;
Regarding the amendment of paragraph a, point 2.2, Section II of Circular No. 02/2001/TT-NHNN dated April 4, 2001, issued by the Governor of the State Bank of Vietnam guiding the implementation of Decree No. 70/2000/NĐ-CP dated November 21, 2000 of the Government on keeping confidential, storing, and providing information related to deposits and entrusted assets of customers
GOVERNOR OF THE STATE BANK OF VIETNAM
BASED ON THE LAW ON THE STATE BANK OF VIETNAM AND THE LAW ON CREDIT ORGANIZATIONS dated December 12, 1997;Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;
Issued herewith are the Regulations on Loan Classification, Provisioning, and Utilization for Credit Risk Management in Banking Activities of Credit Institutions.
Pursuant to …;
Article 1: Amends paragraph a, point 2.2, Section II of Circular No. 02/2001/TT-NHNN dated April 4, 2001, issued by the Governor of the State Bank of Vietnam guiding the implementation of Decree No. 70/2000/NĐ-CP dated November 21, 2000 of the Government on keeping confidential, storing, and providing information related to deposits and entrusted assets of customers as follows:
"a. The provision of information related to customer deposits and entrusted assets upon customer request shall be carried out according to the guidelines of each deposit and entrusted asset receiving organization or in accordance with a written agreement between the deposit and entrusted asset receiving organization and the customer."
Article 2: This Decision shall take effect fifteen days from the date of signature.
Article 3: Heads of units under the State Bank of Vietnam, Branch Governors of the State Bank of Vietnam in provinces and centrally governed cities, Chairmen of Management Boards, General Directors (Directors) of Credit Organizations and non-credit organizations engaging in banking activities are responsible for implementing this Decision./.
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