Moldova's National Commission for Financial Markets (CNPF) adopted a package of capital markets and consumer protection decisions, including registering the results of an additional share issuance by JSC DINA and advancing supervisory actions following a consumer complaint against OCN TOP LEASING&CREDIT SRL. The DINA capital increase was registered at MDL 1,530,000 through 15,300 ordinary registered shares issued against non-cash contributions, taking the company’s share capital to MDL 1,562,800 divided into 15,628 class I ordinary registered shares with a nominal value of MDL 100 per share. In the consumer case, the CNPF found breaches of Law No. 202/2013 on consumer credit contracts, including abusive contractual clauses relating to commissions, loan repayment and interest payment, and a fee for contract assignment. The Board also rejected a preliminary appeal by BC VICTORIABANK SA challenging CNPF Decision No. 5/4 of 27.01.2025 and rejected as unfounded a preliminary appeal seeking to annul CNPF Decision No. 5/2 of 27.01.2025 on the results of a thematic inspection at OCN FLEX FINANCIAL SRL. For TOP LEASING&CREDIT, the CNPF plans to file a court action seeking a finding that the abusive clauses are null and void.
National Commission for Financial Markets 2025-03-31
Moldova's National Commission for Financial Markets registers DINA’s MDL 1.53 million share issue and prepares court action over abusive consumer credit clauses
Moldova's National Commission for Financial Markets (CNPF) adopted decisions on capital markets and consumer protection, including registering JSC DINA's share issuance and addressing a consumer complaint against OCN TOP LEASING&CREDIT SRL. The CNPF found breaches of consumer credit law by TOP LEASING&CREDIT and plans to seek a court ruling to nullify abusive clauses. Additionally, the CNPF rejected appeals by BC VICTORIABANK SA and OCN FLEX FINANCIAL SRL.