Amending Circular on statistical reporting regime applicable to credit institutions

15:24-09/09/2019

It is noteworthy that Point d of Clause 2, Article 12 of the Circular No. 35/2015/TT-NHNN dated December 31, 2015 on statistical reporting regime applicable to credit institutions and foreign bank branches is removed from the new draft Circular.

The State Bank is collecting comments on the draft Circular on amendments and supplements to a number of articles of the Circular No. 35/2015/TT-NHNN dated December 31, 2015 of the Governor of the State Bank of Vietnam on statistical reporting regime applicable to credit institutions and foreign bank branches.

It is noticeable that Point d of Clause 2, Article 12 of the Circular No. 35/2015/TT-NHNN dated December 31, 2015 on statistical reporting regime applicable to credit institutions and foreign bank branches is removed from the draft Circular, which is stipulated in Article 2.

According to the Editorial Board, the above-mentioned removal is due to the fact that the Circular No. 35/2015/TT-NHNN’s additional forms applied to people’s credit funds stipulate a specific time limit for verification by the State Bank’s provincial branches, which is different from the general one specified in Article 12 –Procedures for inspection, processing and verification of electronic reporting forms. Therefore, in order to ensure the completeness and timeliness of reports, added in the draft Circular is a new provision, which  stipulates “In case the time limit for inspection, processing and verification differs from the above stipulation, all units shall comply with specific provisions in the report form in Part 3, Appendix 1 issued together with this Circular”.

Subjects in charge and responsible for implementation of the new regulations are also clearly indentified in the Draft, which include: Chief of Office, Director General of Monetary Forecasting and Statistics Department, Heads of units of the State Bank; Directors of the State Bank’s provincial branches in municipalities; Chairman of the Board of Directors, Chairman of the Board of Members and General Director (Director) of credit institutions.

Research and International Cooperation Department