Decision No. 731/2004/QĐ-NHNN Issuing the Interim Regulation on Leasing Operation Activities of Financial Leasing Companies

DECISIONOF THE HEAD OF THE STATE BANK

Issuing Interim Regulations on Leasing Operation Activities of Financial Leasing Companies

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GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank No. 01/1997/QH10, the Law on Credit Organizations No. 02/1997/QH10 dated December 12, 1997; the Law Amending and Supplementing Certain Provisions of the Law on the State Bank of Vietnam No. 10/2003/QH11 dated June 17, 2003.

Pursuant to Decree No. 86/2002/NĐ-CP dated November 5, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure of Ministries and Ministerial-Level Agencies;

Pursuant to Decree No. 16/2001/NĐ-CP dated May 2, 2001 of the Government on the Organization and Operation of Financial Leasing Companies;

Considering the need for leasing operation activities of financial leasing companies;

At the proposal of the Director of the Department of Banks and Non-Bank Credit Institutions;

Pursuant to …;

Article 1: These Interim Regulations on Leasing Operation Activities of Financial Leasing Companies are hereby adopted along with this Decision.

Article 2This Decision shall take effect fifteen days from the date of publication in the Official Gazette.

Article 3The Heads of the Office, Directors of the Department of Banks and Non-Bank Credit Institutions, Heads of Units under the State Bank, Governors of the State Bank Branches in provinces and centrally-administered cities, Chairmen of the Boards of Directors and General Managers (Directors) of Financial Leasing Companies are responsible for implementing this Decision.