Savings And Loan To Provide Specialized Reports

Original Language Title: de economii şi împrumut de a prezenta rapoartele specializate

Read the untranslated law here: https://www.global-regulation.com/law/moldova/5968282/de-economii-i-mprumut-de-a-prezenta-rapoartele-specializate.html

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As a result of monitoring the implementation of the National Commission of Financial Market Decision no. 58/8 of 29.10.2015 "On the failure by some savings and loan associations specialized reports" (Official Gazette of the Republic of Moldova, 2015 nr.302-305, art.2213), found non-compliance section. 1 of decision by the failure of the Association of Savings and Credit "POIANA-CREDIT" (village Poiana, Soldanesti, IDNO 1004606002146) and the Association of Savings and Credit "Măgdăceşti" (village Măgdăceşti, Criuleni, IDNO 1011600004296) reports specialized quarter and third quarter of the reporting year 2015.
pursuant to art. 1, art. 3, art. 8 letters b) letter c) and subparagraph f) art. 9 paragraph. (1) d) letter e) and lit. r), art. 21 para. (1), Art. 22 para. (3), art. 25 para. (2) of Law No. 192-XIV of 12.11.1998 "On the National Commission of Financial Market" (republished in the Official Gazette of the Republic of Moldova, 2007, nr.117-126 BIS), art. 9 paragraph. (2) b) and lit. e) art. 32 para. (1), Art. 44 para. (2) art. 46 para. (1), para. (2) and. (5) art. 49 para. (1) a) letter c) and subparagraph e) of Act No. 139 savings and loan associations XVI of 21.06.2007 (Official Gazette of the Republic of Moldova, 2007, nr.112-116, 506), art. 8 paragraph. (1) c) pt. 36) and Art. 21 para. (2) f) of Law No. 451-XV of 30.07.2001 "On regulating the licensing of entrepreneurial activity" (republished in the Official Gazette of the Republic of Moldova, 2005, nr.26-28, Art.95)

NATIONAL FINANCIAL MARKET COMMISSION DECIDES
:

1. Administrators repeatedly prescribing Savings and Loan Association "POIANA-CREDIT" and Savings and Loan Association "Măgdăceşti" presentation of the National Commission of Financial Market reports referred within 15 days of the effective date of this decision.
2. It warns administrators Savings and Loan Association "POIANA-CREDIT" and Savings and Loan Association "Măgdăceşti" withdrawal of licenses to conduct, for infringements pt. 1 of this decision.
March. Control over the execution of this decision is the responsibility of the General Directorate of collective investments and microfinance.
4. This decision shall enter into force in accordance with art. 22 paragraph (3) of Law no. 192-XIV of 12.11.1998 "On the National Commission of Financial Market".


COMMISSION VICE NATIONAL FINANCIAL MARKET Iurie FILIP