Moldova's National Commission for Financial Markets adopted a package of regulatory, authorisation and supervisory decisions covering capital markets infrastructure, issuer registry data, a municipal bond offering and consumer credit enforcement. The measures include restoring the securities register entry for SA “MONTEC”, approving a draft decision to update maximum fees charged by registry companies, authorising a public bond offer by Sireți village and requiring remediation by non-bank credit providers. On capital markets regulation, the Commission amended the annex to an earlier decision on deletions from the securities issuers’ register after Moldova’s Public Services Agency reconciled and corrected the underlying information. The change restores MONTEC’s register entries as at the date of deletion, namely 153,023 class I registered ordinary shares with a nominal value of MDL 1. It also approved a draft decision setting the maximum level of fees that registry companies may charge for services, revising a 2012 decision last amended in 2019, and clarifying and adjusting services and related fees for both issuers and investors. On authorisations, the Commission approved the prospectus for a primary public placement of two classes of bonds by the Sireți local authority with total nominal value of MDL 3,000,000, split into two concurrent tranches of MDL 1,500,000 each: a two-year fixed-rate tranche at 8.75% and a three-year fixed-rate tranche at 9.00%, both dematerialised and backed by the local authority’s revenues, with a 20-day offer period and a minimum subscription of five bonds (MDL 5,000). It also registered the issuer name change from SA “ASITO DIRECT” to SA “FINGUARD”, together with a change to the ISIN code of its previously issued securities. On supervision, the Commission rejected INTACT ASIGURARI GENERALE’s request to suspend execution of a prior Commission decision, citing the absence of evidence of serious and irreparable harm and of a clear appearance of illegality. It also rejected OCN “FLEX FINANCIAL”’s request to extend the deadline for implementing a prior decision that required, within 180 days, refunding all payments under a credit contract except the principal and reporting monthly on actions taken, finding that the pending appeal did not justify an extension. A thematic inspection of OCN “GREEN CREDIT” found breaches of Law No. 202/2013 on consumer credit, including an administrative fee exceeding the legal cap of 0.04% per day of the total credit value, charging a full monthly administration fee in the month of early repayment and omissions in pre-contractual information on penalties and guarantees; for 61 contracts, the Commission ordered refunds of all contractual payments except principal within 150 days.

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