On January 18, 2024, the Law on Credit Institutions (amended) was approved by the 15th National Assembly at the 5th Extraordinary Session. It is expected that the Law on Credit Institutions (amended) will take effect from July 1, 2024.
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The Law on Credit Institutions (amended) requires the provision and public disclosure of the following information:
(1) Member of the Board of Directors, member of the Board of Members, member of the Supervisory Board, General Director (Director), Deputy General Director (Deputy Director) and equivalent titles as prescribed in Article The credit institution's charter must provide the credit institution with the following information:
- Name, enterprise code, head office address of the enterprise or other economic organization in which you or yourself and related persons own capital contribution or shares of 05% or more of charter capital, including capital contributions, authorized shares, entrusted to other organizations and individuals in the name of other organizations and individuals;
- Name, enterprise code, head office address of the enterprise or other economic organization of which you and related persons are members of the Board of Directors, members of the Board of Members, controllers, members Supervisory Board, General Director (Director);
- Information about related individuals, including: full name; personal identification number; Nationality, passport number, date of issue, place of issue for foreigners; relationship with the informant;
- Information about the person involved as an organization, including: name, business code, head office address of the business, number of Business Registration Certificate or equivalent legal documents; Legal representative, relationship with information provider.
Photo 1. Banks must publicly disclose information of shareholders owning 1% or more of charter capital from July 1, 2024_ Hotline: 097 211 8764
(2) Shareholders owning 01% or more of the charter capital of a credit institution must provide the credit institution with the following information:
- First and last name; personal identification number; Nationality, passport number, date of issue, place of issue of foreign shareholders; Number of Business Registration Certificate or equivalent legal documents of the shareholder being an organization; Date of issue and place of issue of this document;
- Information about related persons according to legal regulations;
- Number and percentage of shares owned by them at that credit institution;
- Number and percentage of shares owned by his/her related person at that credit institution.
(3) Subjects required by law must send credit institutions in writing to provide information for the first time and when there is a change in this information within 07 working days from the date of occurrence or change in information. believe.
Regarding information in the Law on Credit Institutions (amended), shareholders only have to provide information to credit institutions when there is a change in their share ownership ratio, the share ownership ratio own and related persons from 01% or more of the charter capital of that credit institution compared to the previous provision.
(4) Credit institutions must post and maintain legal information as prescribed at the credit institution's headquarters and send a written report to the State Bank within 07 working days from the date of receipt. Credit institutions receive information provided. Periodically every year, credit institutions disclose legal information as prescribed to the General Meeting of Shareholders, General Meeting of Members, and Board of Members of the credit institution.
(5) Credit institutions must publicly disclose information about the full names of individuals and organizations that are shareholders owning 01% or more of the credit institution's charter capital and information about the law as prescribed on the website. electronic information of the credit institution within 07 working days from the date the credit institution receives the provided information.
(6) Subjects providing and publicly disclosing information must ensure that the information provided and publicly announced is truthful, accurate, complete, and timely and must be responsible for the provision and public disclosure. disclose that information.
Thus, there are 6 pieces of information that the Law on Credit Institutions (amended) requires to be provided and publicly announced.
The Law on Credit Institutions (amended) takes effect from July 1, 2024.
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