Moldova's National Commission for Financial Markets approves draft EU-aligned rules on shareholder identification and communications

Moldova's National Commission for Financial Markets (CNPF) published decisions from its Board meetings on 8 and 12 August covering consumer protection and the capital market, including approval of a draft regulation setting minimum requirements for shareholder identification, information transmission and the facilitation of shareholder rights. The proposal is intended to align Moldova’s framework with Commission Implementing Regulation (EU) 2018/1212 under Directive 2007/36/EC. The draft would apply to joint-stock companies, especially those admitted to trading on a regulated market, the Single Central Depository, registrar companies and investment companies acting as custodians, and would require relevant intermediaries to transmit corporate information to shareholders and issuers on a timely basis to support participation in general meetings and other corporate events, including dividend distributions. Separately, the Board authorised the reorganisation of Joint-Stock Company ACCENT-INVESTMENT into a limited liability company, registered GLICERIA’s securities issuance restructuring by increasing the nominal value of each registered ordinary share from MDL 15 to MDL 27 and raising share capital by MDL 270,487 to MDL 608,607 represented by 22,541 shares, and upheld an earlier thematic inspection decision relating to OCN MOGO LOANS while adjusting the number of credit contracts in which breaches were identified following additional verification. The draft regulation will be sent for review to relevant authorities and institutions and submitted to public consultation.