Circular No. 11/2010/TT-NHNN abolishes Directive No. 04/2003/CT-NHNN on strengthening internal control and internal audit work at the State Bank of Vietnam. This Circular takes effect 45 days from the date of signature.
Key points
- This Circular abolishes Directive No. 04/2003/CT-NHNN on strengthening internal control and internal audit work at the State Bank of Vietnam.
- This Circular takes effect 45 days from the date of signature.
🌐 Social impact of this document
- Positive impact: Reduces administrative procedures, allowing the State Bank of Vietnam to focus on other activities.
- Negative impact: May cause difficulties for internal control and internal audit if there are no new regulations to replace them.
❓ Frequently asked questions
Which directive does this circular abolish?
This circular abolishes Directive No. 04/2003/CT-NHNN on strengthening internal control and internal audit work at the State Bank of Vietnam.
When does this circular take effect?
This circular takes effect 45 days from the date of signature.
Who is responsible for implementing this circular?
The Director of the Office, the Head of the Internal Audit Department of the State Bank of Vietnam, the Heads of units under the State Bank of Vietnam, and the Governors of the State Bank of Vietnam branches in provinces and centrally administered cities are responsible for implementing this Circular.
What regulation does this circular abolish?
This circular abolishes Directive No. 04/2003/CT-NHNN on strengthening internal control and internal audit work at the State Bank of Vietnam.
How long is the effective period of this circular?
This circular takes effect 45 days from the date of signature.
Full text
CIRCULAR
Article 1. Repeals Directive No. 04/2003/CT-NHNN dated June 18, 2003 on strengthening internal control and internal audit work at the State Bank of Vietnam.
Article 2.
1. This Circular shall take effect 45 days from the date of signature.
2. The Director of the Office, Heads of the Internal Audit Department of the State Bank of Vietnam, Heads of units under the State Bank of Vietnam, Governors of State Bank of Vietnam branches in provinces and centrally governed cities shall be responsible for implementing this Circular.
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