At its 13 January 2026 meeting, Moldova's National Commission for Financial Markets adopted decisions spanning capital markets authorisation and consumer protection supervision, including the removal of CRISMAX’s previously issued shares from the securities issuers register and the rejection of requests by FINANCECASA SRL and OCN MOGO LOANS SRL to overturn or delay earlier compliance measures on consumer credit contracts. The CRISMAX JSC securities deregistration covers 20,000 registered ordinary shares, following the company’s reorganisation by transformation into a limited liability company. In supervision, the Commission rejected FINANCECASA SRL’s preliminary complaint against Decision No. 58/9 of 2 December 2025, which had summoned the firm to execute previously established obligations linked to consumer credit contracts. The Commission stressed the mandatory nature of Law No. 202/2013 on limits to the cost of credit, noting that court rulings do not remove the creditor’s duty to comply nor the Commission’s competence, and found no legal grounds to intervene given the lack of new arguments and the absence of a response to an invitation to present its position. It also refused OCN MOGO LOANS SRL’s request to extend the deadline for implementing a prior decision following a thematic inspection, under which the lender must, for 1,080 credit agreements, refund within 180 days all payments under the contracts except the originally disbursed principal or, as applicable, seek only repayment of the principal, alongside monthly reporting to the Commission; after five months, compliance was assessed as low and insufficient for the time already granted.
National Commission for Financial Markets 2026-01-15
Moldova's National Commission for Financial Markets rejects FINANCECASA appeal, refuses MOGO LOANS extension on 1,080 consumer loan refunds and deregisters CRISMAX shares
Moldova's National Commission for Financial Markets, in its 13 January 2026 meeting, deregistered CRISMAX JSC's 20,000 ordinary shares following its transformation into a limited liability company and rejected appeals by FINANCECASA SRL and OCN MOGO LOANS SRL to alter or delay compliance measures related to consumer credit contracts. The Commission emphasized the binding nature of Law No. 202/2013 on credit costs and found no legal basis to intervene without new arguments or responses from the firms.