With Regard To The Lapsing Of Non-Repeated Reinsurance Broker "siconata Grup S.r.l. To Execute The Decision Of The National Commission Of Financial Market Nr. 17/4 Of 15.04.2016

Original Language Title: cu privire la prescrierea repetată Brokerului de Asigurare-Reasigurare „SICONATA GRUP” S.R.L. de a executa Hotărîrea Comisiei Naționale a Pieței Financiare nr.17/4 din 15.04.2016

Read the untranslated law here: http://lex.justice.md/index.php?action=view&view=doc&lang=1&id=366401

    Taking into account the non-enforcement by persons with responsible positions of insurance-reinsurance Broker "SICONATA GRUP S.R.L. of the National Commission of financial market nr. 17/4 of 15.04.2016" on the results of its own analysis of observance of legislation in the insurance field by some insurance-reinsurance brokers "(Official Gazette of the RM, no. 2016, 114-122, art. 704), pursuant to the provisions of article 8 paragraph 2 of point b) and subparagraph (c).) Article 9, paragraph 1. (1) (a)), article 22 para. (2) and paragraphs 1 and 2. (3), para. (2) of law No. 192-XIV of 12.11.1998 "Concerning the National Commission for financial market" (Official Gazette of the Republic of Moldova, 2013, nr. 117-126 BIS), article 55 para. (2) of law No. 407-XVI dated 21.12.2006 "insurance" (Official Gazette of the Republic of Moldova, 2007, no. 47-49, art. 213), the NATIONAL COMMISSION of FINANCIAL MARKET DECIDES: 1. Shall prescribe repeated persons with responsible positions of insurance-reinsurance Broker "SICONATA GRUP S.R.L. to execute the decision of the National Commission of financial market nr. 17/4 of 15.04.2016.
2. About enforcement of section 1 of the insurance-Reinsurance broker company "SICONATA GRUP S.R.L. will inform the National Commission of financial market within 10 working days from the date of entry into force of this decision by enclosing confirmative documents.
3. warns insurance-Reinsurance broker "SICONATA GRUP S.R.L. with the withdrawal of the licence issued in respect of the right to work in the field of insurance-reinsurance intermediation, executory of the given decision.
4. The control over the execution of the given decision is put in charge of the General insurance supervision and Directorate-General for economic and financial and administrative.
5. this decision shall enter into force on the date of its adoption, shall be published on the official website of the National Commission of Financial Market (www.cnpf.md) and in the Official Gazette of the Republic of Moldova.