With Regard To The Suspension Of Operations At The Bank Accounts Of Savings And Loan Associations

Original Language Title: cu privire la suspendarea operațiunilor la conturile bancare ale unor asociaţii de economii şi împrumut

Read the untranslated law here: https://www.global-regulation.com/law/moldova/5968286/cu-privire-la-suspendarea-operaiunilor-la-conturile-bancare-ale-unor-asociaii-de-economii-i-mprumut.html

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with regard to the suspension of operations at the bank accounts of savings and loan associations



Published: 11.12.2015 in Official Gazette No. 332-339 art Nr: OCNPF9/2411 Repealed through 6 of 03.03.16, MO55-58/11.03.16 art. 391 In order to ensure the compliance of the Administrators Association of Savings and Loan "CREDIT" GLADE (Poiana village, 1004606002146 commune, Șoldănești, on WHOSE BEHALF) and savings and Loan Association "MĂGDĂCEȘTI" (Măgdăcești village, Criuleni district, on WHOSE BEHALF the 1011600004296) with the requirements of the legislation by presenting at the National Commission of financial market reports for the second quarter and the third quarter of the year 2015 discharge , including as a result of non-execution of the provisions of section 1 of the decision of the National Commission of Financial Market nr. 58/8 of 29.10.2015 "about the failure by some savings and loan associations of specialized reports" (Official Gazette of the Republic of Moldova, 2015, nr. 302-305, 2213), pursuant to art. 9 para. (1) (a). c), art. 21. (2), art. 22 paragraph 1. (3) and article 3. 25 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), art. 46 para. (1) and paragraph 1. (2) of the law on savings and loan associations no. 139-XVI from 21.06.2007 (Official Gazette of the Republic of Moldova, 2007, nr. 112-116, article 506), the NATIONAL COMMISSION of FINANCIAL MARKET DECIDES: 1. Suspend banking operations in current and deposit accounts of savings and Loan Association "GLADE"-CREDIT and savings and Loan Association "MĂGDĂCEȘTI" until their compliance with the requirements of the legislation, with the exception of the respective accounts and disbursements with the national public budget.
2. To inform the main State Tax Inspectorate and banks restrictions applied to savings and loan associations concerned.
3. The control over the execution of the present Ordinances put in charge of the general collective investments and microfinance.
4. this Ordinance shall enter into force in accordance with article 22, paragraph 2. (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