Circular 07/2026/TT-NHNN amending Circular 17/2016/TT-NHNN on monetary brokerage operations of commercial banks and foreign bank branches

CIRCULAR

Amending and supplementing a number of articles of Circular No. 17/2016/TT-NHNN prescribing monetary brokerage operations of commercial banks and foreign bank branches

Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12;

Pursuant to the Law on Credit Institutions No. 32/2024/QH15;

Pursuant to Decree No. 26/2025/ND-CP defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Monetary Policy Department;

The Governor of the State Bank of Vietnam promulgates the Circular amending and supplementing a number of articles of Circular No. 17/2016/TT-NHNN prescribing monetary brokerage operations of commercial banks and foreign bank branches:

Article 1. Amending and supplementing Clause 1 Article 4

“1. Commercial banks and foreign bank branches shall issue internal regulations on monetary brokerage operations in conformity with this Circular and relevant laws, which must at least include the following contents: processes and procedures for conducting monetary brokerage operations; scope of responsibilities and powers of persons involved in monetary brokerage operations; management of risks associated with monetary brokerage operations.

Within 10 days from the date of issuance, amendment, supplementation, or replacement of internal regulations on monetary brokerage operations, commercial banks and foreign bank branches shall send directly or by post to the State Bank of Vietnam (the Credit Institutions Supervision Department or SBV Regional branches) the issued, amended, supplemented, or replacement internal regulations.”.

Article 2. Amending and supplementing Article 11

“Article 11. Organization of implementation

1. The State Bank Inspectorate, the Credit Institutions Supervision Department, and SBV Regional branches shall be responsible for supervising, examining, inspecting the implementation of this Circular and handling violations within their competence.

2. Heads of units under the State Bank of Vietnam, credit institutions, and foreign bank branches shall be responsible for organizing the implementation of this Circular.”.

Article 3. Organization of implementation

Heads of units under the State Bank of Vietnam, credit institutions, and foreign bank branches shall be responsible for organizing the implementation of this Circular.

Article 4. Effect

This Circular takes effect from June 20, 2026.