Headlines 22/09/2018 08:28 SA

Application requirements for approval of proposed list of personnel of credit institution now in effect

Bích Tuyền

On September 5, 2018, the State Bank issued the Circular No. 22/2018/TT-NHNN providing guidance on procedures and application requirements for approval of the proposed list of personnel of commercial banks, non–bank credit institutions and foreign bank branches. This Circular prescribes that application requirements for approval of proposed list of personnel of credit institutions must include:

- Request document submitted by the credit institution to the State Bank for approval of the proposed list of its personnel;

- Written document stating the approval of the proposed list of personnel of the credit institution;

- Résumés of personnel recommended for election or appointment by completing the sample résumés given in the Appendix 01 to this Circular;

- Criminal records of personnel recommended for election;

- Declaration of related persons of personnel recommended for election or appointment by completing the sample declaration given in the Appendix 02 to this Circular;

- Copies of degrees, diplomas or certificates as evidence for qualifications of the personnel recommended for election or appointment;

- Documents evidencing those candidates recommended for the post as members of the Management Board, members of the Members' Board, or Director General (Director), of a credit institution, satisfy eligibility and qualification standards and requirements.

-  Documents evidencing those candidates recommended for the post as members of the Control Board satisfy the requirement that they must have at least 03 years’ working experience in such sectors as banking, finance, accounting or audit.

The Circular No. 22/2018/TT-NHNN enters into force on November 1, 2018.

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