The National Bank of Moldova has initiated the development of an Executive Committee decision to amend the regulation setting requirements for persons in management roles, audit committee members and other key function holders at insurers and reinsurers, including heads of branches of third-country insurers or reinsurers and the liquidator of an insurer or reinsurer in liquidation. The changes are intended to make the assessment and reassessment process more efficient and to regulate an interview procedure to support objective and transparent candidate selection. The project also aims to align the secondary regulatory framework with international best practices and would update the regulation originally approved by the National Commission for Financial Market in May 2023. Comments, proposals and recommendations are requested by 25 April 2025.
National Bank of Moldova 2025-04-14
National Bank of Moldova begins drafting amendments to fit and proper requirements for insurers and reinsurers including interview procedures
The National Bank of Moldova is developing an Executive Committee decision to amend regulations for management roles and key function holders at insurers and reinsurers, including third-country branches and liquidators. The amendments aim to enhance the assessment process and introduce an interview procedure for transparent candidate selection, aligning with international best practices.