At its 12 May meeting, Moldova's National Commission for Financial Markets adopted a package of consumer protection and capital markets decisions, led by approval and onward transmission to the Ministry of Finance of draft amendments to the 2020 law on voluntary pension funds. The draft would align the framework with European Union rules, widen access to voluntary pension funds, clarify voluntary pension payment mechanisms, protect pension rights when workers move between states, strengthen equal treatment and non-discrimination safeguards, tighten prudential requirements for fund administrators, expand the Commission's supervisory and sanctioning powers, and add transparency and digital information measures linked to future European reporting and financial information exchange systems. The same meeting approved a voluntary takeover prospectus by Valeriu Moscalu for 10,636 ordinary registered shares in ABC SA at MDL 165.95 per share for 15 days from launch, authorized LEMI INVEST SA to convert into a limited liability company, and opened a thematic inspection into EASY CREDIT SRL's compliance with specified provisions of the consumer credit law in contracts concluded between 1 January 2024 and 11 May 2026. It also set 2025 annual contribution rates for the Investor Compensation Fund, using reduced rates for certain categories of investment firm income but keeping a minimum contribution equivalent to EUR 500 for each member, payable in national currency by 31 May 2026. The Commission linked that step to gradual alignment with EU investor compensation rules, which set a minimum compensation threshold of EUR 20,000 against EUR 1,000 in current Moldovan law and broader coverage including legal persons.
National Commission for Financial Markets 2026-05-15
Moldova's National Commission for Financial Markets advances voluntary pension fund law changes and sets 2025 investor compensation fund contributions
Moldova's National Commission for Financial Markets adopted measures including draft amendments to the 2020 voluntary pension funds law to align with EU rules, widen access, clarify payments, strengthen equal treatment safeguards, tighten prudential requirements, expand supervisory and sanctioning powers, and introduce transparency and digital information measures. The Commission also approved a voluntary takeover prospectus for ABC SA shares, authorized converting LEMI INVEST SA into a limited liability company, launched a thematic inspection of EASY CREDIT SRL under the consumer credit law, and set 2025 Investor Compensation Fund contribution rates, citing gradual alignment with higher EU compensation thresholds.