With Regard To Prescribing By The Fiduciary Companies Of The National Commission Of Financial Market

Original Language Title: cu privire la prescrierea executării de către unele companii fiduciare a hotărîrilor Comisiei Naţionale a Pieţei Financiare

Read the untranslated law here: https://www.global-regulation.com/law/moldova/5967562/cu-privire-la-prescrierea-executrii-de-ctre-unele-companii-fiduciare-a-hotrrilor-comisiei-naionale-a-pieei-financiare.html

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Following the examination of the information submitted by the companies ' joint stock Company Trust of Railwaymen "(on WHOSE BEHALF 1003600111454), Trust Company" Econ-Renaissance "(on WHOSE BEHALF 1003600154149) and Fiduciary Trust Company BV" Invest "(on WHOSE BEHALF 1002600019726) on the activities undertaken to enforce the decisions of the National Commission of Financial Market (C.N.P.F.) No. 12/1 of 10.03.2015" on the "Trust Company" has Played " 1, no. 12/2 10.03.2015 "to withdraw the company's Fiduciary Licence" Econ-Rebirth "S.A." 2, no. 12/3 of 10.03.2015 "to withdraw the licence of the company" Trust Fiduciary BV Invest "S.A." 3, no. 36/9 of 26.06.2015 "on the prescription by the fiduciary companies of the National Commission of financial market" 4 and nr. 2/3 of 15.01.2016 "on the prescribing of repeated by some companies fiduciary decisions of the National Commission of financial market" in order to ensure the execution of the proposed C.N.P.F. issued by basing decisions pursuant to article 1, article 3, article 8 b) Article 9, paragraph 1. (1) (a). c) and (d)), article 22, paragraph 2. (3) and para. (2) of law No. 192-XIV of 12.11.1998 "Concerning the National Commission for financial market" 5, article 1, paragraph 1. (2), para. (3), article 2 (2). (1) paragraphs 1 and 2, article 146. (1) and article 147 paragraph 1. (10) letter b) of law No. 171 of 11.07.2012 "capital market" 6, article 79 of law No. 1134-XIII of 02.04.1997 "joint stock companies" 7 (hereinafter-the law No. 1134-XIII of 02.04.1997) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 1Monitorul of the Republic of Moldova, 2015, nr. 59-66, art. 476 2Monitorul of the Republic of Moldova, 2015, 59-65, art. 477 3Monitorul of the Republic of Moldova, 2015, 59-65, art. 478 4Monitorul of the Republic of Moldova, 2015, no. 166-176, art. 1115 5Republicată in the Official Gazette of the Republic of Moldova, 2007, nr. 117-126 BIS 6Monitorul of the Republic of Moldova, 2012, no. 193-197, 665 7Republicată in the Official Gazette of the Republic of Moldova, 2008, no.1-4, article 1, the NATIONAL COMMISSION of FINANCIAL MARKET DECIDES: 1. Shall prescribe liability companies "Trust Company", the company has played in the Fiduciary "Econ-Rebirth" and "Fiduciary Trust Company BV Invest": a) enforcement C.N.P.F.  No. 12/1 of 10.03.2015, nr. 12/2 of 10.03.2015 and no. 12/3 10.03.2015 within 6 months from the date of entry into force of this series of decisions, including sending in possession of the assets of their clients (the founders trust administration);
(b) to appropriate and deposition) undertaking all necessary measures to ensure the preservation of clients ' assets (conservation) (founders of fiduciary Administration) and completion of the liquidation of the professional activity on securities market, including, to make use of their right to demand the redemption of shares in joint stock companies forming part of the structure of assets administered, under the conditions laid down in article 23. 79 of the law No. 1134-XIII of 02.04.1997, with prior consent of C.N.P.F. prior agreements of C.N.P.F. Requests to be submitted no later than 15 days from the date of the event which caused the redemption, shown in article 79 paragraph 2. (6) of the law No. 1134-XIII of 02.04.1997.
2. Joint Stock Companies ' Fiduciary Company to Railwaymen "Fiduciary Company" Econ-Rebirth "Fiduciary Trust Company BV" Invest "will inform C.N.P.F. about running this monthly prescriptions, attaching supporting documents.
3. joint stock companies warn administrators ' Fiduciary Company to Railwaymen "Fiduciary Company" Econ-Rebirth "Fiduciary Trust Company BV" Invest "the necessity of execution of this judgment plenary, and unconditional observance of the requirements of the legislation in force. Otherwise, it will be applied to the measures laid down in the relevant legislation.
4. The control over the execution of the given decision is put in charge of the general collective investment and MFI.
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.