The National Bank of Moldova has initiated work on a draft law on improving securities settlement and on central securities depositories, setting out a new legal framework for post-trade infrastructure. The proposed law would replace Moldova’s existing Law No. 234/2016 on the single central securities depository and would fully transpose Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories. The stated aim is to align with international standards for post-trade infrastructures and to strengthen the safety and efficiency of settlement of financial instruments. Recommendations and proposals on the draft can be submitted until 21 July 2025.
National Bank of Moldova 2025-06-30
National Bank of Moldova begins drafting law to improve securities settlement and align central securities depositories with EU rules
The National Bank of Moldova is drafting a new law to enhance securities settlement and central securities depositories, replacing Law No. 234/2016. This initiative aims to fully transpose Regulation (EU) No 909/2014, aligning Moldova's post-trade infrastructure with international standards to improve safety and efficiency.