Decision No. 16/2007/QD-NHNN on Financial Reporting Regulations for Credit Institutions

Pursuant to …;

Issuing Financial Reporting Regulations for Credit Institutions

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GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank of Vietnam 1997 and the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam 2003;

Pursuant to the Law on Credit Institutions 1997 and the Law Amending and Supplementing Certain Provisions of the Law on Credit Institutions 2004;

Pursuant to the Accounting Law 2003;

Pursuant to Decree No. 52/2003/ND-CP dated May 19, 2003, issued by the Government, detailing the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

In accordance with the approval of the Ministry of Finance in Document No. 1547/BTC-CĐKT dated January 29, 2007;

At the proposal of the Director of the Accounting and Finance Department.

DECISION:

Article 1The Financial Reporting Regulations for Credit Institutions are hereby issued together with this Decision.

Article 2This Decision shall take effect fifteen days from the date of publication in the Official Gazette (applicable to the Second Quarter 2007 Financial Report) and shall replace Decision No. 1145/2002/QD-NHNN dated October 18, 2002 on the issuance of Financial Reporting Regulations for Credit Institutions, Decision No. 1407/2004/QD-NHNN dated November 1, 2004 on the provisions for public disclosure of commercial bank financial reports, and Decision No. 09/2006/QD-NHNN dated February 20, 2006 amending the provisions for public disclosure of commercial bank financial reports.

Article 3The Heads of the Office, Directors of the Accounting and Finance Department, Heads of relevant units under the State Bank of Vietnam, Governors of the State Bank of Vietnam branches in provinces and centrally-administered cities, Chairmen of the Boards of Management and General Managers (Directors) of credit institutions are responsible for implementing this Decision.