Moldova's National Commission for Financial Markets (CNPF) approved and sent to the Ministry of Finance a draft law on the prudential supervision of investment firms, intended to transpose Directive (EU) 2019/2034 and align national rules with EU standards. The proposal would strengthen prudential requirements for non-bank investment firms, including higher initial capital depending on the services provided, a more detailed prudential supervision and control framework, and clearer sanctions, with phased implementation to allow gradual compliance with new capital requirements. As of 30 June 2025, the CNPF noted 12 investment firms registered and active in Moldova’s capital market, comprising seven banks licensed in Category C and five non-bank investment firms (three licensed in Category A and two in Category C). The CNPF also registered in the securities issuers’ register an additional share issue by “Baza de transport auto nr. 18” of MDL 1,023,506 (93,046 registered ordinary shares), raising share capital to MDL 3,846,040, and an additional share issue by “DRUMURI-CAUSENI” of MDL 748,800 (74,880 registered ordinary shares), raising share capital to MDL 26,055,900. It recorded a share capital reduction for non-bank credit organisation “MAIB-LEASING” SA of MDL 81,408,000 by reducing nominal value per share from MDL 257 to MDL 129, leaving share capital at MDL 82,044,000, and approved the prospectus for a voluntary takeover bid by “DAAC HERMES” to acquire 14,005 registered ordinary shares in “AUTOSERVICE” at MDL 18.87 per share over 15 days from initiation. On supervision, the CNPF rejected “GRAWE CARAT ASIGURARI” SA’s request to suspend enforcement of Decision No. 47/5, finding the legal conditions for suspension were not met, and issued a formal notice requiring IM CIA “TRANSELIT” SA to comply within 10 working days with a 15 July 2025 decision ordering payment of insurance compensation to a consumer under an overseas travel health insurance contract. The release also noted that the Government approved the establishment of “Moldova International Stock Exchange” S.A.
National Commission for Financial Markets 2025-10-17
Moldova's National Commission for Financial Markets forwards draft prudential supervision law for investment firms to the Ministry of Finance
Moldova's National Commission for Financial Markets approved a draft law to align national rules with EU standards by transposing Directive (EU) 2019/2034, enhancing prudential requirements for non-bank investment firms. The CNPF also registered share capital changes for several firms and approved a takeover bid by "DAAC HERMES." Additionally, the CNPF rejected a suspension request from "GRAWE CARAT ASIGURARI" SA and mandated compliance from IM CIA "TRANSELIT" SA on insurance compensation.