Moldova's National Commission for Financial Markets adopted a set of consumer protection and capital-markets decisions, including sending a draft law on consumer credit contracts for endorsement and public consultation and approving insurance product information documents for compulsory motor third party liability (MTPL) insurance. The draft consumer credit law would extend the regulatory framework to additional forms of lending, including interest-free credit, and introduce clear limits on costs that can be charged to consumers. For MTPL, the Commission approved disclosure templates as a recommended tool to facilitate application of the legal framework, with insurers able to adapt them to legislative changes or practical needs, while insurers and insurance intermediaries are to provide precontractual information to consumers based on the Commission’s model from 25 June 2026. The Commission also authorised the reorganisation of ELAT from a joint-stock company into a limited liability company, removed from the securities issuers register 55,000 ordinary registered shares previously issued by BASWOOL SA following liquidation, and again ordered TRANSELIT SA to comply with a prior decision to regularise a claims file and pay an insurance indemnity, warning of a new coercive fine of MDL 12,000 after a previous MDL 4,000 fine did not secure compliance. Next steps include the public consultation process on the draft consumer credit contracts law and the start of the MTPL precontractual disclosure requirement on 25 June 2026.
National Commission for Financial Markets 2026-04-15
Moldova's National Commission for Financial Markets consults on consumer credit cost limits and requires MTPL precontractual information from 25 June 2026
Moldova’s National Commission for Financial Markets adopted a draft law on consumer credit contracts extending regulation to additional lending forms, including interest-free credit, and introducing clear limits on consumer costs. It also approved standardised insurance product information documents for compulsory motor third party liability insurance, authorised the reorganisation of ELAT into a limited liability company, removed BASWOOL SA shares from the securities issuers register following liquidation, and again ordered TRANSELIT SA to regularise a claims file and pay an insurance indemnity, warning of a new coercive fine of MDL 12,000 after a prior MDL 4,000 fine failed to secure compliance.