Decision No. 15/2015/QD-TTg Amending and Supplementing Certain Provisions of Decision No. 34/2008/QD-TTg dated March 3, 2008 of the Government on the Establishment of the National Financial Supervisory Commission and the Regulation on the Organization and Operation of the National Financial Supervisory Commission issued together with Decision No. 79/2009/QD-TTg dated May 18, 2009 of the Government

Pursuant to …;

Provincial People's Committees set specific pricesTo amend and supplement some articles of Article 24Decision number 34/2008/QĐ-TTg dated March 3, 2008

of Tthe Prime Minister Cof the Government on the establishment of DECREES:y ban ofFinancial Supervision Council Article 24National

and Article 24on the organization and operation of DECREES:y ban ofNational Financial Supervision Council

Circular No. 04/2017/TT-BGDĐT dated January 25, 2017 Article 24Decision number 79/2009/QĐ-TTg dated May 18, 2009

of Tthe Prime Minister Cgovernment

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Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to Decree No. 58/2014/NĐ-CP dated June 16, 2014, of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Home Affairs;

At the request of the Minister of Home Affairs,

The Prime Minister promulgates the Decision amending and supplementing some articles of Decision number 34/2008/QĐ-TTg dated March 3, 2008 of the Prime Minister on the establishment of the National Financial Supervision Council and the Regulation on the organization and operation of the CouncilJune 2024;National Financial Supervision Council promulgated together with Decision number 79/2009/QĐ-TTg dated May 18, 2009 of the Prime Minister.

Article 1. Amending and supplementing some articles of Decision number 34/2008/QĐ-TTg dated March 3, 2008 of the Prime Minister on the establishment of the National Financial Supervision Council

1. Amending and supplementing Clause 2, Article 1 of Decision number 34/2008/QĐ-TTg as follows:

“2. The National Financial Supervision Council shall have the function of advising and consulting to the Prime Minister in analyzing, evaluating, and forecasting the impact of the financial market on macroeconomics and the impact of macroeconomic policies on the financial market; coordinating the supervision activities of the national financial market (banking, securities, insurance); assisting the Prime Minister in supervising the national financial market comprehensively.”

2. Amending and supplementing Clause 2, Article 2 of Decision number 34/2008/QĐ-TTg as follows:

“2. Analyzing, evaluating, and forecasting the impact of macroeconomic policies on the financial market; coordinating with relevant ministries and sectors to submit to the Prime Minister strategies and orientations for developing the financial market; proposing mechanisms for supervision and applying international standards and practices for supervising the financial market to relevant state agencies.”

3. Amending and supplementing Clause 5, Article 2 of Decision number 34/2008/QĐ-TTg as follows:

“5. Analyzing, forecasting, and warning about the level of safety of the banking system and risks to the financial market and macroeconomics; establishing a database, compiling, processing, and providing information on the national financial market to report to the Prime Minister.”

Article 2. Amending and supplementing some articles of the Regulation on the organization and operation of the National Financial Supervision Council promulgated together with Decision number 79/2009/QĐ-TTg dated May 18, 2009 of the Prime Minister

1. Amending and supplementing Article 1 of the Regulation on the organization and operation of the National Financial Supervision Council promulgated together with Decision number 79/2009/QĐ-TTg as follows:

“Article 1. The National Financial Supervision Council (hereinafter referred to as the Council) is the agency implementing the functions of advising and consulting to the Prime Minister in analyzing, evaluating, and forecasting the impact of the financial market on macroeconomics and the impact of macroeconomic policies on the financial market; coordinating the supervision activities of the national financial market (banking, securities, insurance); assisting the Prime Minister in supervising the national financial market comprehensively.”

2. Amending and supplementing Article 19 of the Regulation on the organization and operation of the National Financial Supervision Council promulgated together with Decision number 79/2009/QĐ-TTg as follows:

“Article 19. The Council shall closely coordinate with the Ministry of Planning and Investment, the Ministry of Finance, the State Bank of Vietnam, relevant ministries and sectors, and related organizations in advising and consulting to the Prime Minister on issues concerning the analysis, evaluation, and forecasting of the impact of the financial market on macroeconomics and the impact of macroeconomic policies on the financial market, managing, inspecting, and supervising banking, securities, insurance, and the national financial market activities; establishing regulations on cooperation with relevant ministries and sectors.”

3. Amending and supplementing Article 20 of the Regulation on the organization and operation of the National Financial Supervision Council promulgated together with Decision number 79/2009/QĐ-TTg as follows:

“Article 20. The Council shall be responsible for reporting periodically and urgently, and providing analyses and forecasts to the Prime Minister, and providing reports to relevant agencies according to the list attached to this Decision.”

4. Amending and supplementing Article 21 of the Regulation on the organization and operation of the National Financial Supervision Council promulgated together with Decision number 79/2009/QĐ-TTg as follows:

“Article 21. The Ministry of Planning and Investment, the Ministry of Finance, and the State Bank of Vietnam shall be responsible for coordinating and providing complete and timely materials, information, and statistical data periodically to the Council according to the list attached to this Decision and reports related to the financial market.

Financial organizations operating in the banking, securities, and insurance sectors and other organizations related to financial and banking sectors shall be responsible for providing complete and timely materials, information, and data periodically and urgently to the Council. Specific lists of materials shall be compiled and guided by the Council based on current financial reporting systems, basic statistical reporting systems, and operational regulations issued by competent authorities.

Independent auditing companies shall be responsible for providing audit reports, financial statements, and management letters of financial organizations upon request of the Council.”

Article 3. Implementation Provisions

1. This Decision takes effect from August 1, 2015.

2. Ministers, Heads of ministerial-level agencies, Heads of agencies under the Government, Chairmen of provincial People's Committees directly under the Central Government, and Chairman of the National Financial Supervision Council are responsible for implementing this Decision./.