The National Commission for Financial Markets’ Board adopted a package of regulatory, authorization and supervisory decisions spanning consumer protection and capital markets. The measures include amendments to the rules governing how the supervisor charges fees and payments to align with Law No. 189/2025, alongside follow-up actions on complaints about contractual practices in banking and non-bank lending. Changes to the fee and payments instruction introduce a continuity mechanism for charging fees, adjust calculation formulas for insurance intermediaries, extend the instruction’s scope to savings and loan associations, and update annexes to support uniform and transparent application of indicators. On the capital markets side, the Board authorised the transformation of “CRISMAX” from a joint stock company into a limited liability company, ordered the restoration in the securities issuers register of Fabrica de conserve “PROVIT” securities (1,065,155 class I registered ordinary shares with a nominal value of MDL 15) following broader state-register restorations linked to court proceedings, and approved valuation reports for securities held by fiduciary administrators CF “BV Fiduciar Invest” SA, CF “Econ-Renaștere” SA and “Compania Fiduciara a Feroviarilor” SA for sale under applicable rules. On supervision, CNPF found that OTP Bank SA failed to respect the contractual pre-notice period for terminating a payment services framework contract, and identified abusive clauses in a deposit contract originally with BCR Chișinău SA (later assumed by BC “VICTORIABANK” SA), including provisions enabling unilateral interest-rate changes without clear parameters or individual notification and unilateral setting and modification of fees not set out in the contract. CNPF plans to file a court action seeking to nullify the identified clauses, and it ordered OCN “CREDIT AUTO” SRL, OCN “U CAPITAL” SRL, “CASH&GO” SRL and “FINANCECASA” SRL to comply with prior prescriptions within 10 working days, with coercive fines indicated for non-compliance.
National Commission for Financial Markets 2025-12-05
National Commission for Financial Markets adopts consumer protection and capital markets decisions including fee rule changes and enforcement actions against banks and lenders
The National Commission for Financial Markets adopted measures affecting consumer protection and capital markets, including fee adjustments and supervisory actions. Key changes involve fee calculation updates for insurance intermediaries and transforming "CRISMAX" into a limited liability company. Additionally, the Commission plans legal action against OTP Bank SA and others for contractual violations, with fines for non-compliance.