Moldova's National Commission for Financial Markets adopted a set of board decisions covering capital markets authorisations and consumer protection supervision, including approvals related to share issuances and takeover offers and a planned court action to nullify abusive contractual terms used by TOP LEASING&CREDIT SRL in consumer credit contracts. On the capital markets side, the regulator registered the results of an additional share issue by SA "DRUMURI-SOROCA" of MDL 748,800 through 74,880 registered ordinary shares, taking the company’s share capital to MDL 34,359,640 split into 3,435,964 shares with a nominal value of MDL 10 each. It also approved a mandatory withdrawal offer initiated by "DRUMURI-BALȚI" SA for 8,621 registered ordinary shares in SA "DRUMURI-BRICENI" and approved the prospectus for a voluntary takeover bid by SA "IT IPPON" to acquire 16,159 registered ordinary shares in SA "MOSCOVA" at MDL 12.13 per share. Separately, it cancelled securities following corporate events, deregistering 81,670 shares issued by SA "Fertilitatea-Sud" due to liquidation and deregistering 60,000 shares of SA "ACCENT-INVESTMENT" and 60,828 shares of SA "MDV-CONSTRUCT" following their reorganisation into limited liability companies. Following a consumer petition, the authority found multiple breaches of Law No. 202/2013 on consumer credit contracts by TOP LEASING&CREDIT SRL, including incorrect disclosure of essential contract information, non-compliant floating interest provisions lacking clear and transparent change conditions, and a range of abusive terms such as undisclosed or unjustified fees, unilateral creditor discretion on payment allocation or currency conversion, excessive penalties, and early repayment triggers even when instalments are paid. The regulator plans to file a court claim seeking a declaration of nullity for the abusive clauses, while the voluntary takeover bid is set to run for 15 days from initiation.

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