Moldova's National Commission for Financial Markets registers VIITORUL NOSTRU share restructuring, rejects Victoriabank challenge and approves 2026 inspection plan

Moldova's National Commission for Financial Markets adopted a set of authorization and supervisory decisions spanning capital markets actions, consumer protection enforcement and its forward supervisory programme. The package includes registering the results of a share restructuring by VIITORUL NOSTRU SA, clearing valuation documentation for the sale of certain securities held by fiduciary administrators, and rejecting Victoriabank SA’s request to overturn a decision issued after an unannounced inspection of a currency exchange outlet. For VIITORUL NOSTRU SA, the regulator registered an increase in the nominal value of a registered ordinary share from 15 to 17 lei and a share capital increase of 71,656 lei from own capital, taking total share capital to 609,076 lei divided into 35,828 registered ordinary shares at 17 lei each. It also approved valuation reports for securities held by CF BV Fiduciar Invest SA and Compania Fiduciara a Feroviarilor SA, to be sold in accordance with the legal framework. On the Victoriabank case, the inspection focused on compliance with consumer-information obligations on exchange-rate displays and found that, for RON, buy and sell rates were shown without a clear separation between the integer and decimal parts, unlike other currencies; this was treated as a misleading omission practice, and the Commission maintained the contested decision and measures, noting that limited impact and subsequent remediation do not remove liability. The Board of Administration also approved the National Commission for Financial Markets’ 2026 inspection activity plan, which had been subject to public consultation.