About Prescribing Repeated Execution By Some Companies Trust The Decisions Of The National Commission Of Financial Market

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

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Following examination of the information submitted by Joint Stock Companies "Company Trust of Railway" (IDNO 1003600111454) Company Trust "Econ-Renaissance" (IDNO 1003600154149) and Company Trust "BV Trust Invest" (IDNO 1002600019726) on the activities undertaken for enforcement decisions of the National Commission of Financial Market (NCFM) no.12 / 1 of 3.10.2015 "on" Trust company of Railway "SA" 1, no.12 / 2 of 03.10.2015 "on license revocation Trust company" econ-Renaissance "SA" 2 no.12 / 3 of 10.03.2015 "on license revocation Fiduciary Company" TRUST INVEST BV "SA" 3 and no.36 / 9 of 06.26.2015 "on prescription execution by some companies trust the decisions of the National Commission of Financial Market "4 in order to ensure enforcement of regulations issued by NCFM decisions mentioned under article 1, article 3, article 9. (1) d), Article 22 par. (3) and Article 25 para. (2) of Law No. 192-XIV of 12.11.1998 "on the National Commission of Financial Market" 5 Article 1. (2) Article 2 para. ( 1), Article 146 para. (1) and Article 147 para. (10) b) of Act # 171 from 11.07.2012 "on the capital market," 6
1
_____________________________________ Gazette Oficial, 2015 nr.59-66, art. 476
2 Official Gazette of the Republic of Moldova, 2015, No. 59-66, Art.
477 3 Official Gazette of the Republic of Moldova, 2015, No. 59-66, Art. 478
4 Official Gazette of the Republic of Moldova, 2015, No. 166-176, art.
May 1115 Republished in the Official Gazette of the Republic of Moldova, 2007, BIS nr.117-126
Official Gazette of the Republic of Moldova in June 2012, nr.193-197, art.665

National Securities Commission FINANCIAREHOTĂRĂŞTE
:
1. Repeatedly prescribing JSCs "Company of Railway Trust" Trust Company "Econ-Renaissance" and Trust Company "Trust Invest BV" NCFM decision execution No.12 / 1 of 3.10.2015, No.12 / 2 03/10/2015 and no.12 / 3 of 10.3.2015 within six months from the effective date of this decision, including transmission of real holding client assets in their (founders trusts).
2. It initiates the accountability contravention of directors of joint stock companies "Company of Railway Trust" Trust Company "Econ-Renaissance" and Trust Company "Trust Invest BV" under the Contravention Code of the Republic of Moldova for non-enforcement of NCFM No.12 / 1 of 03/10/2015, no.12 / 2 of 10.03.2015, no.12 / 3 of 03.10.2015 and no.36 / 9 of 26.06.2015.
March. It warns Joint Stock Companies "Company Trust of Railway" Company Trust "Econ-Renaissance" and Company Trust "BV Trust Invest" on the need deposit due diligence and undertaking all measures to maintain (conservation) of client assets (founders trusts) and completion of liquidation professional activity on the securities market. Otherwise, they will be applied rigorous measures provided for by law.
4. Joint Stock Companies "Company of Railway Trust" Trust Company "Econ-Renaissance" Trust Company "Trust Invest BV" will inform the National Securities Commission monthly about the implementation of this regulation (attaching supporting documents).
May. Control over the execution of this decision is the responsibility of the General Directorate of collective investments and microfinance.
June. This decision shall enter into force in accordance with art. 22 para. (3) of Law no. 192-XIV of 12.11.1998 "On the National Commission of Financial Market".


FILIP Iurie COMMISSION VICE NATIONAL FINANCIAL MARKET