Moldova's National Commission for Financial Markets presents capital market and consumer protection alignment priorities in EU accession screening

Moldova’s National Commission for Financial Markets (CNPF) participated in the European Union accession bilateral screening for Chapter 9 Financial Services and briefed European Commission experts on the existing regulatory framework for the capital market and financial consumer protection, alongside priorities for aligning national legislation with EU standards. The Brussels meeting on 3–4 February brought together representatives from the Ministry of Finance, the European Integration Office, the National Bank of Moldova, the Deposit Guarantee Fund in the Banking System and the Centre for Harmonisation of Legislation. CNPF vice-chairmen Adrian Gheorghiţa and Vladimir Rusnac delivered 10 thematic presentations covering, among other areas, the investment firm regime, investor compensation schemes, financial market instruments, market abuse prevention, benchmarks, securitisations, public offer prospectuses, credit rating agencies, investment funds (UCITS, AIFs and ELTIFs) and occupational pensions, as well as consumer protection topics including mortgage credit and payment accounts and insurance distribution. In the Chapter 9 alignment process, the CNPF is expected to be involved in harmonising around 170 EU acts covering capital markets, consumer protection for financial products, company law, digital finance and sustainable finance.