Circular No. 44/2024/TT-NHNN amends and supplements Clause 2, Article 2 of Circular No. 16/2019/TT-NHNN regarding the entities issuing State Bank bills. This document takes effect from October 23, 2024.
Scope of application
commercial banks, foreign bank branches, comprehensive financial companies, specialized financial companies, cooperative banks, policy banks
Key points
- Credit institutions shall issue State Bank bills in accordance with Clause 2, Article 2 of Circular No. 16/2019/TT-NHNN (Article 1)
- This Circular takes effect from October 23, 2024
- The Director of the Office, the Head of the Monetary Policy Department, the Heads of units under the State Bank of Vietnam, the Deposit Insurance Corporation of Vietnam, and credit institutions are responsible for implementing this Circular (Article 2)
- This Circular does not specify the amount, term, or conditions for issuing State Bank bills
🌐 Social impact of this document
- Positive impact: Ensures accuracy and clarity in determining the entities issuing State Bank bills.
- Negative impact: Credit institutions need to grasp new information to comply with the regulations.
❓ Frequently asked questions
What does Circular No. 44/2024/TT-NHNN amend?
Amends and supplements Clause 2, Article 2 of Circular No. 16/2019/TT-NHNN regarding the entities issuing State Bank bills.
When does this Circular take effect?
This Circular takes effect from October 23, 2024.
Full text
CIRCULAR
AMENDING AND SUPPLEMENTING CLAUSE 2 OF ARTICLE 2 OF CIRCULAR NO. 16/2019/TT-NHNN
DATED OCTOBER 22, 2019 ISSUED BY THE GOVERNOR OF THE STATE BANK OF VIETNAM ON THE ISSUE OF STATE BANK BILLS
_________________________
Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12 dated June 16, 2022 2010;
Pursuant to the Law on Credit Institutions dated January 18, 2024;
Pursuant to Decree No. 102/2022/NĐ-CP dated December 12, 2022 of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;
Article 1.
THE GOVERNOR OF THE STATE BANK OF VIETNAM ISSUES THIS CIRCULAR TO AMEND AND SUPPLEMENT CLAUSE 2 OF ARTICLE 2 OF CIRCULAR NO. 16/2019/TT-NHNN DATED OCTOBER 22, 2019 ISSUED BY THE GOVERNOR OF THE STATE BANK OF VIETNAM ON THE ISSUE OF STATE BANK BILLS.
ARTICLE 1. AMENDING AND SUPPLEMENTING CLAUSE 2 OF ARTICLE 2 OF CIRCULAR NO. 16/2019/TT-NHNN
"2. COMMERCIAL BANKS, FOREIGN BANK BRANCHES, COMPREHENSIVE FINANCE COMPANIES, SPECIALIZED FINANCE COMPANIES, COOPERATIVE BANKS, POLICY BANKS (HEREINAFTER REFERRED TO AS CREDIT ORGANIZATIONS)."
Article 2. Responsibility for Implementation
THE HEAD OF THE OFFICE, DIRECTORS OF DEPARTMENTS UNDER THE STATE BANK OF VIETNAM, THE VIETNAM DEPOSIT INSURANCE CORPORATION, AND CREDIT ORGANIZATIONS ARE RESPONSIBLE FOR IMPLEMENTING THIS CIRCULAR.
Article 3. Implementation Provisions
THIS CIRCULAR SHALL TAKE EFFECT FROM OCTOBER 23, 2024.
DEPUTY DIRECTOR
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