On July 11, 2023, the State Bank of Vietnam (SBV) issued Decision No. 1348/QD-NHNN revising the License of the Asia Joint Stock Commercial Bank (ACB).
Accordingly, the SBV Governor has approved of three additional operations to be supplemented to Article 4 of License No. 91/GP-NHNN dated September 19, 2018 issued to the ACB, to read as follows:
“24. Stock depository.
25. Providing the services of clearing, payment of securities transactions in accordance with the requirements in Point a, Paragraph 4 of Article 56 of the Law on Securities.
26. Acting as a supervisory bank in accordance with the laws on securities.”
The ACB is responsible for implementing the additional operations in compliance with the applicable laws; implementing the procedures in line with Paragraph 3 of Article 18b of Circular No.40/2011/TT-NHNN dated December 15, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented).
This Decision took effect from the date of signing and is an integral part of License No.91/GP-NHNN dated September 19, 2018 issued to the ACB.
Le Hang