Chương III Thông tư 25/2017/TT-NHNN: Tổ chức thực hiện

Chapter III

IMPLEMENTATION

Article 14. Responsibility of non-bank credit institutions

1. Implement the regulations on application and procedures for approval for changes and revision of licenses as specified in this Circular and take responsibility for the accuracy, completeness and truthfulness of the information provided in the application.

2. Supplement the application at the request of the State bank, the State bank branch or the Bank Supervision and Inspection Agency within 45 days from the day on which the written request for supplementation is received. Over the said time limit, if the non-bank credit institution does not supplement the application as requested, the State bank, the State bank branch or the Bank Supervision and Inspection Agency shall reject the application of the non-bank credit institution.

Article 15. Grandfather clause

Non-bank credit institutions submitting sufficient applications for approval or changes of one of more contents specified in Clause 1 Article 1 hereof before the effective date of this Circular and conformable to law provisions at the time of application shall continue to be performed in accordance with effective law provisions or supplement applications to comply with this Circular.

Article 16. Implementation clause

1. This Circular comes into force from February 26, 2018

2. Upon the effect of this Circular, the following documents shall lose effect:

a) The Governor of the State bank’s Circular No. 06/2002/TT-NHNN dated December 23, 2002 guiding the implementation of the Government's Decree No. 79/2002/ND-CP dated October 4, 2002 on the organization and operation of financial companies;

b) The Governor of the State bank’s Circular No. 06/2005/TT-NHNN dated October 12, 2005 guiding the implementation of several contents stipulated in the Government's Decree No. 16/2001/ND-CP dated May 2, 2001 on the organization and operation of finance leasing companies and the Decree No. 65/2005/ND-CP dated May 19, 2005 of the Government  on amendments to some articles of the Decree No. 16/2001/ND-CP dated May 2, 2001 of the Government on the organization and operation of finance leasing companies.

Article 17. Organization of implementation

The Chief of the Office, Chief Inspector and Supervisor of banks, Heads of affiliated entities of the State Bank, Directors of the State Bank branches  of provinces, Chairpersons of the Board of Directors, Chairpersons of the Board of Members, and General Director (Director) of non-bank credit institutions shall be responsible for implementing this Circular./.