With Regard To Some Interim Measures Concerning The Trading On The Stock Exchange Of Moldova Shares Held In The Capital Of A Bank

Original Language Title: cu privire la unele măsuri provizorii privind modul de tranzacționare la Bursa de Valori a Moldovei a cotelor deținute în capitalul unei bănci

Read the untranslated law here: https://www.global-regulation.com/law/moldova/5965979/cu-privire-la-unele-msuri-provizorii-privind-modul-de-tranzacionare-la-bursa-de-valori-a-moldovei-a-cotelor-deinute-n-capitalul-unei-bnci.html

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with regard to some interim measures concerning the trading on the stock exchange of Moldova shares held in the capital of a bank



Published: 01.04.2016 in Official Gazette No. 79-89 art no: 471 MODIFIED HCNPF15/3 of MO100-07.04.16, 105/15.04.16 art. 557; force 07.04.16 in ensuring the execution in accordance to the provisions of article 15(1). (3) and art. 156 paragraph 1. (2) of the law on financial institutions no. 550-XIII of 21.07.1995 (republished in the Official Gazette of the Republic of Moldova, 2011, no. 78-81, art. 199) (hereinafter-the law of financial institutions), in order to maintain the stability of financial markets and to ensure the orderly capital market, pursuant to article 1 para. (1), article 3, article 8 b) and subparagraph (c). t), art. 9 para. (1) (a)), article 21 paragraph 1. (1), para. (2) of law No. 192-XIV of 12.11.1998 "Concerning the National Commission for financial market" (republished in the Official Gazette of the Republic of Moldova, 2007, nr. 117-126 BIS), article 1, paragraph 1. (2), article 5, article 62, paragraph 1. (2) d) of law No. 11.07.2012 171 from "capital market" (Official Gazette of the Republic of Moldova, 2012, no. 193-197, 665), article 11(2). (6) Letter c) of law No. 1134-XIII of 02.04.1997 "Concerning non-action" (republished in the Official Gazette of the Republic of Moldova, 2008, no.1-4, art. 1), 25.7 d) of the rules of the regulated market of a stock exchange of Moldova, approved at the Council of the stock exchange of Moldova from 22.04.2015 and accepted by the decision of the National Commission of Financial Market nr. 23/3 of 08.05.2015 (Official Gazette of the Republic of Moldova , 2015, nr. 115-123, art. 758), the NATIONAL COMMISSION of FINANCIAL MARKET DECIDES: 1. Allow stock exchange of Moldova organize the sale-purchase transactions through direct negotiation of securities, on which incident became the provisions of article 15(1). (1) letter b) and para. (3), article 156 paragraph 1. (3) of the law on financial institutions, with their qualification by the National Commission of Financial Market as special transactions.
[Item 1 in the Editorial Board of HCNPF15/3 of MO100-07.04.16, 105/15.04.16 art. 557; force 07.04.16]
2. The securities referred to in point 1 of this decision can be traded through the auctions: auction), in accordance with the regulation on organization and carrying out of transactions with unique packages of securities on a regulated market of a stock exchange of Moldova, supported by the decision of the National Commission of Financial Market nr. 47/6 of 12.08.2015 (Official Gazette of the Republic of Moldova, 2015 No. 224-233, section 1441);
b) market order, in accordance with the rules of the regulated market of a stock exchange of Moldova.
c) conditional order, entered and displayed in direct transactions Department;
[Paragraph 2, letter c) introduced by HCNPF15/3 of MO100-07.04.16, 105/15.04.16 art. 557; force 07.04.16] d) limit order, introduced into the Multilateral Trading System administered by the stock exchange of Moldova, for securities only are admitted on a provisional basis, for the period of their sale.
     [Paragraph 2 d) introduced by HCNPF15/3 of MO100-07.04.16, 105/15.04.16 art. 557; force 07.04.16] 3. On the disposal of shares in accordance with section 2(a) of) of this decision, by way of derogation from the provisions of point 3.1 in paragraph 1. (1) and paragraph 3.2 of the regulation on organization and carrying out of transactions with unique packages of securities on a regulated market of a stock exchange of Moldova, any request for sale (regardless of size) can be filed with the stock exchange of Moldova not later than 12.00 on the day of the auction period, being not less than 60 days.
4. On the disposal of shares in accordance with section 2 of this decision, the stock exchange of Moldova and investment companies will provide information to potential investors about the existence of restrictions imposed by the law on financial institutions.
5. The control over the execution of the given decision is put in charge of the Directorate-General securities supervisory authority.
6. this decision shall enter into force in accordance with article 4. 22 paragraph 1. (3) of law No. 192-XIV of 12.11.1998 "Concerning the National Commission for financial market".

VICE-CHAIRMAN of the NATIONAL COMMISSION of FINANCIAL MARKET Karen Fahie