Moldova's National Commission for Financial Markets (CNPF) Board adopted a set of capital market, regulatory and supervisory decisions, including registering corporate actions by two issuers, reissuing an investment company licence following a name change, and approving draft rule amendments to align remuneration governance in parts of the non-bank financial sector with European Commission guidance. The Board also reiterated enforcement directions for two firms and rejected FLEX FINANCIAL’s requests to suspend execution of a CNPF control act and a separate CNPF decision. On authorisations, the CNPF registered the restructuring of the share issue of JSC “Direcția de Construcții și Reparații rutiere Orhei”, increasing the nominal value per ordinary registered share from MDL 10 to MDL 27 and raising share capital by MDL 404,685 to MDL 642,735 (23,805 shares at MDL 27). It also registered an additional cash share issue by JSC “CRIO-IZVORUL” of MDL 146,661 (146,661 ordinary registered shares), taking its share capital to MDL 680,000 (680,000 class I shares at MDL 1), and reissued the Category A investment company licence for “PRO INVEST CAPITAL” to reflect its updated legal name. The remuneration project amends CNPF rules on investment services, prudential requirements for collective investment undertaking managers, capital markets licensing and authorisation, and capital market reporting, with application extending to investment firms, pension funds and collective investment undertakings; it is set to enter into force six months after publication in the Official Monitor. On supervision, CASH&GO SRL and FINANCECASA SRL were given 15 days to execute specified earlier CNPF decisions, with weekly progress reporting and supporting documentation, while CRIO-IZVORUL shareholders were reminded of a statutory sell-back right triggered by an issuance exceeding 25% of shares in circulation, exercisable within three months after the share capital increase is registered with the Public Services Agency.
National Commission for Financial Markets 2025-03-06
Moldova's National Commission for Financial Markets approves remuneration policy amendments, registers share capital changes and reiterates compliance orders
Moldova's National Commission for Financial Markets (CNPF) adopted decisions on capital market regulation, including registering corporate actions, reissuing an investment company licence, and aligning remuneration governance with European Commission guidance. The CNPF registered share restructuring for JSC “Direcția de Construcții și Reparații rutiere Orhei” and an additional share issue for JSC “CRIO-IZVORUL.” Enforcement directions were reiterated for two firms, and FLEX FINANCIAL's requests to suspend CNPF decisions were rejected.