At its 20–21 March meetings, Moldova's National Commission for Financial Markets (CNPF) adopted a package of capital markets authorisations and consumer-protection measures, including approval of a mandatory buyout offer for CALCAR shares, registration of two share capital actions, and remedial orders following findings of unfair commercial practices in insurance distribution and claims handling. CNPF cleared the mandatory buyout request initiated by MAGISTRALA-NORD SRL for 2,369 registered ordinary shares in joint-stock company CALCAR. It also reminded eligible CALCAR minority shareholders that unpaid dividends of MDL 1,037.92 per share declared in November 2023 can be claimed for three years from disclosure of the dividend payment information, i.e., until 29 November 2026, by submitting a written request to the company. In the securities issuers register, CNPF recorded NEMETMACOM’s cash-funded additional issue of 78,580 shares (MDL 550,060), taking its share capital to MDL 1,337,700, and SANFARM-PRIM’s restructuring that raised the nominal value per share from MDL 10 to MDL 15 and increased share capital by MDL 2,246,165 to MDL 6,738,495. On supervision, BAR PRODEVIZ SRL was instructed to publish, in a widely circulated newspaper in print and online, the operative part of CNPF decision 45/1/2024 and a remediation notice aimed at consumers sold the FE-480 “electronic goods insurance” in 2023–2024 via Ganex-Com, Ultracom Electronic, Interacces-M and Mobile Devices Distribution, including where multiple policies covered the same item with overlapping periods, highlighting remedies such as price reduction, contract termination with refund and damages. Separately, CNPF found that ÎM CIA TRANSELIT SA breached Article 13(1) of Law 105/2003 by using aggressive commercial practices in handling a travel health insurance claim and ordered it to regularise the claim file and pay the indemnity within the timeframe set by the contract and insurance terms, while prohibiting further unfair practices; it also rejected a consumer’s preliminary request challenging an earlier CNPF letter.
National Commission for Financial Markets 2025-03-26
Moldova's National Commission for Financial Markets clears CALCAR mandatory share buyout and orders consumer redress steps for insurance sales and claims
Moldova's National Commission for Financial Markets (CNPF) approved capital markets authorisations and consumer-protection measures, including a mandatory buyout offer for CALCAR shares and registration of share capital actions for NEMETMACOM and SANFARM-PRIM. CNPF also addressed unfair commercial practices in insurance distribution, instructing BAR PRODEVIZ SRL to publish remediation notices and ordering ÎM CIA TRANSELIT SA to regularise a travel health insurance claim.