Circular 07/2026/TT-NHNN Amending Regulations on Monetary Brokerage Activities of Commercial Banks
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Based on:Thông tư 07/2026/TT-NHNN - Government Official Gazette
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The State Bank of Vietnam issued Circular 07/2026/TT-NHNN dated 6 May 2026, amending Circular 17/2016/TT-NHNN on monetary brokerage activities of commercial banks and foreign bank branches. The circular takes effect on 20 June 2026. The key amendment is to Clause 1 of Article 4: commercial banks and foreign bank branches must issue internal regulations on monetary brokerage covering at minimum the implementation procedures, scope of responsibilities and authority of persons involved, and risk management. Within 10 days of issuing or amending such internal regulations, banks must send a copy to the SBV (Credit Institution Supervision Department or regional SBV branch). Article 11 on implementation is also amended to clarify supervisory and inspection responsibilities of the SBV Inspectorate and the Credit Institution Supervision Department, and the responsibilities of heads of relevant units.
Circular 07/2026/TT-NHNN - Amendments to Monetary Brokerage Regulations
Issuing authority: State Bank of Vietnam Date issued: 06 May 2026 Effective date: 20 June 2026 Legal basis: Law on the State Bank No. 46/2010/QH12; Law on Credit Institutions No. 32/2024/QH15; Decree 26/2025/ND-CP
Key Amendments
Article 1 - Amendment to Clause 1 of Article 4 (Internal Regulations):
- Commercial banks and foreign bank branches must issue internal regulations on monetary brokerage activities.
- Internal regulations must include at minimum: (1) implementation procedures for brokerage; (2) scope of responsibilities and authority of persons involved; (3) risk management for brokerage activities.
- Within 10 days of issuing, amending, supplementing, or replacing internal regulations, banks must send them to the SBV (Credit Institution Supervision Department or regional SBV branch) directly or by post.
Article 2 - Amendment to Article 11 (Implementation):
- The SBV Inspectorate, Credit Institution Supervision Department, and regional SBV branches are responsible for supervision, inspection, and examination of compliance with this Circular and for handling violations within their authority.
- Heads of SBV units, credit institutions, and foreign bank branches are responsible for organizing implementation.
Article 3 - Implementation: Units under SBV, credit institutions, and foreign bank branches are responsible for implementation.
Article 4 - Effective date: The Circular takes effect on 20 June 2026.