The National Bank of Moldova has started drafting an Executive Board decision to approve an instruction on reporting annual financial statements and consolidated financial statements for insurance undertakings. The planned instruction would apply to entities carrying out insurance or reinsurance in general insurance and or life insurance, as well as their branches from third countries, and is intended to fully transpose Council Directive 91/674/EEC on the annual and consolidated accounts of insurance undertakings. The initiative stems from Moldova's commitments as a candidate country for European Union accession under the National Programme for Accession of the Republic of Moldova to the European Union for 2025-2029, approved by Government Decision No. 306/2025. The National Bank links the project to aligning national financial reporting rules with EU standards, improving the transparency and comparability of insurers' financial statements, supporting the stability and credibility of the financial sector, facilitating the integration of Moldova's insurance market into the European space, and meeting accession commitments. The National Bank requested proposals and recommendations by 14 June 2026.
National Bank of Moldova2026-05-27
National Bank of Moldova launches drafting of insurance financial reporting instruction to transpose EU Directive 91/674/EEC
The National Bank of Moldova is drafting an Executive Board decision to approve an instruction on reporting annual and consolidated financial statements for insurance and reinsurance undertakings, including branches from third countries, to transpose Council Directive 91/674/EEC. The project aims to align national financial reporting with EU standards, enhance transparency and comparability of insurers’ financial statements, and support integration of Moldova’s insurance market into the European space in line with EU accession commitments.