Organizational regulations applicable to non-banking credit institutions

07-Jan-2007 Intellasia | 26-MAY-2003 26/May/2003 | 2:11 PM Print This Post

Regulations on organization and operation of the Management Board, Control Board, General Director (Director) of a non-banking credit institution shall be promulgated in conjunction with Decision 516/2003/QD-NHNN dated May 26, 2003 of the Governor of SBV. These regulations shall apply to organization and operation of the Management Board, Control Board and General Director (Director) in: (i) non-banking credit institutions belonging to credit institutions; (ii) financial companies belonging to State owned corporations, which have their own Management Boards and Control Boards; and (iii) Non-banking credit institutions with foreign owned capital.

These regulations shall not apply to non-banking shareholding credit institutions and non-banking credit institutions without Management Boards and Control Boards.

[Sao Viet Legal Consultants]


Category: Legal

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