The National Commission for Financial Markets initiated public consultations on a draft decision to revise the maximum fees for services provided by securities registrar firms and set the annual contributions payable by investment firms to the Investor Compensation Fund for the 2024 financial year. The Board also adopted a set of capital markets authorisation decisions and launched supervisory actions covering insurance conduct and shareholder control issues. The draft fee-cap decision is intended to update maximum tariffs last adjusted in 2019, using Moldova’s cumulative inflation since then of 78.56% and service-specific cost and time requirements, following market participants’ complaints that current prices no longer cover operating costs and could undermine compliance with authorisation requirements. For the Investor Compensation Fund, annual contributions for member investment firms were set within a 1%–3% range (differentiated by types of operational income), subject to a statutory minimum of EUR 500 per member, payable in national currency by 31 May 2025; the authority cited its legal mandate to administer the fund and Moldova’s EU accession-related commitments, including implementation of Directive 97/9/EC. Other decisions included approving a mandatory withdrawal request initiated by “REALCHIMIE & CC” SRL for 22,878 shares in “ÎNTREPRINDEREA DE COLECTARE A CEREALELOR DIN OLANEȘTI”, registering “La Casa Nouă”’s additional share issue of MDL 184,500 (37,300 shares) bringing share capital to MDL 600,000 (120,000 shares at MDL 5 nominal value), authorising the conversion of “BIROUL DE CĂLĂTORII DIN CHIȘINĂU” into a limited liability company, and authorising the merger of “TERMOELECTRICA” by absorption of “INFO BON” SRL. A thematic inspection was opened into ÎM CIA “TRANSELIT” SA’s compliance with consumer protection and insurance law requirements for travel medical insurance contracts and claims handled in 2024; the authority also found that several shareholders in “ASPA” were acting in concert and together held 71.42% of the company (1,112,998 shares), and rejected BC “VICTORIABANK” SA’s pre-litigation challenge as inadmissible due to lack of an examinable subject. The draft decision on registrar fee caps will be sent for opinions to relevant authorities and institutions and subjected to public consultation. Investor Compensation Fund contributions for the 2024 period must be paid by 31 May 2025.

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