Moldova's National Commission for Financial Markets (CNPF) adopted a series of board decisions spanning securities market administration and consumer protection, including removing CRISTAL-SA’s securities from the register after its corporate transformation, finding that OCN EASY CREDIT SRL breached mandatory consumer credit rules, and rejecting MOLDASIG SA’s request to overturn an earlier CNPF ruling connected to a consumer petition. The authority also published its 2024 activity report. For EASY CREDIT, the breaches under Law No. 202/2013 on consumer credit contracts included failure to use the standard pre-contractual information form, non-compliance with rules on floating interest, and abusive late-payment sanction clauses, notably the cumulative application of penalties and increased interest contrary to the Civil Code. The capital markets decision deregistered 20,000 ordinary registered shares previously issued by CRISTAL-SA following its reorganisation into a limited liability company; the MOLDASIG pre-complaint was dismissed as unfounded for lacking arguments contradicting CNPF’s earlier findings in Decision No. 19/3 of 8 April 2025 regarding petition No. 9017 of 17 December 2024 involving INTACT ASIGURARI GENERALE SA. CNPF plans to file a court action seeking a declaration that the abusive credit contract clauses are null and void.
National Commission for Financial Markets 2025-06-04
Moldova's National Commission for Financial Markets to sue EASY CREDIT over consumer credit breaches and rejects MOLDASIG challenge
Moldova's National Commission for Financial Markets (CNPF) adopted decisions on securities market administration and consumer protection, including deregistering CRISTAL-SA’s shares post-reorganization and finding OCN EASY CREDIT SRL in breach of consumer credit rules. The CNPF also dismissed MOLDASIG SA’s appeal against a prior ruling and plans to seek a court declaration nullifying abusive credit contract clauses.