Circular 14/2019/TT-NHNN amending periodical reporting regime of State Bank

CIRCULAR

ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES IN THE CIRCULARS PROVIDING REGULATIONS ON THE PERIODICAL REPORTING REGIME OF THE STATE BANK

Pursuant to the State Bank of Vietnam Law dated June 16, 2010;

Pursuant to Law on Credit Institutions dated June 16, 2010

Pursuant to the Law on amending and supplementing a number of articles of the Law on Credit Institutions dated November 20, 2017;

Pursuant to the Government's Decree No. 09/2019/ND-CP dated January 24, 2019, providing for the reporting regime of state administrative agencies;

Pursuant to the Government's Decree No. 16/2017/ND-CP dated February 17, 2017, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

At the request of the Chief of Office of the State Bank of Vietnam;

The Governor of the State Bank of Vietnam hereby promulgates a Circular on amending and supplementing a number of Articles in the Circulars providing regulations on the periodical reporting regime of the State Bank.

Article 1. To amend and supplement the regulations on reporting regime

1. To amend and supplement the reporting regime on credit information operations in Circular No. 16/2010/TT-NHNN dated June 25, 2010 of the Governor of the State Bank of Vietnam, guiding the implementation of Decree No. 10/2010/ND-CP dated February 12, 2010 of the Government on credit information operations (hereinafter referred to as Circular No. 16/2010/TT-NHNN) as follows:

Article 17 of Circular No. 16/2010/TT-NHNN (amended and supplemented in Clause 6 Article 1 of Circular No. 27/2014/TT-NHNN dated September 18, 2014 of the Governor of the State Bank of Vietnam, on amending and supplementing a number of articles of Circular No. 16/2010/TT-NHNN) is amended and supplemented as follows:

“Article 17. Report on credit information operations

1. Credit information companies are responsible for sending directly or via post service to the State Bank (Banking Inspection and Supervision Agency) the following written reports:

a) Quarterly and annual financial statements according to law provisions;

b) Report on operation situation according to Form No. 06/TTTD, enclosed with this Circular;

c) Report on unexpected events for major IT incidents (such as a failure, malfunction of software/hardware; an attack on the network that makes the system no longer reliable and operates abnormally), as per the Form No. 07/TTTD enclosed with this Circular;

d) Report according to Form No. 07/TTTD, enclosed with this Circular when one of the following changes happens:

- Managers;

- Number of credit institutions and foreign bank branches that commit to provide credit information;

- Agreement on the process of collecting, processing, storing and providing credit information between the credit information company and such credit institutions, foreign bank branches.

- Information infrastructure

2. Deadline for submitting report:

a) Reports specified at Points a and b, Clause 1 of this Article shall be made quarterly and annually as follows:

- Quarterly reports shall be submitted before the 20th of the month following the reporting quarter;

- Annual income statements shall be submitted before February 15 of the year immediately following the reporting year;

- Annual financial statements shall be audited and submitted before April 15 of the year immediately following the reporting year.

b) Reports specified at Point c, Clause 1 of this Article shall be reported on the same day of the incident. If the incident occurs on weekends or public holidays, then the report shall be submitted on the first working day after the such weekends or public holidays.

c) Reports specified at Point d, Clause 1 of this Article shall be made within 7 working days at the latest from the date of any change.

3. The time to closing report data:

a) For reports prescribed at Points a and b, Clause 1 of this Article, the time for closing data of each reporting period is corresponding to the accounting period as per the provisions of the Accounting Law.

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