In order to preserve stability and ensure continuity and orderly capital market, protecting the rights and interests of investors, after examining the application of joint-stock Company "STOCK EXCHANGE of Moldova" (bd Stefan cel Mare 73, and Holy. Chisinau, 1003600004978), on WHOSE BEHALF pursuant to article 1, article 8 c), art. 9 para. (1) (a)), article 22 para. (3) and 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 73, article 74, article 140, paragraph 1. (1) and article 147 paragraph 1. (8) of law No. 11.07.2012 171 from "capital market" (Official Gazette of the Republic of Moldova, 2012, no. 193-197, 665), the regulation on licensing and authorization on the capital market, approved by the decision of the National Commission of financial market nr. 56/11 of 14.11.2014 (Official Gazette of the Republic of Moldova, 2015, 1-10, art. 11), the NATIONAL COMMISSION of FINANCIAL MARKET DECIDES: 1. supports multilateral trading system Rules of the stock exchange of Moldova system operator, approved by the Board of joint-stock Company "STOCK EXCHANGE of Moldova" (report No. 08/15 of 01.07.2015), with subsequent amendments and additions (report No. 10/15 from 06.08.2015 and report No. 11/15 from 10.09.2015) (to be attached).
2. The company's shares shall be issued "STOCK EXCHANGE of Moldova" of multilateral trading system indefinitely.
3. Joint-Stock Company "STOCK EXCHANGE of Moldova and investment companies will ensure that the remote access requirements to trading financial instruments, multilateral trading system at the time of the assignment of membership.
4. Joint-stock company "STOCK EXCHANGE of Moldova" will present the National Commission of financial market audit opinion to a company specialised in auditing and/or consulting in information technology trading system used by the company within one year from the date of entry into force of this judgment.
5. Joint-stock company "STOCK EXCHANGE of Moldova, within 45 days from the date of entry into force of the present judgment, will identify issuers conforming to the requirements of acceptance towards multilateral trading system for trading in accordance with the provisions of article 147 paragraph 1. (8) of law No. 11.07.2012 171 from "capital market" and will ask for their consent in this regard. Issuers referred to in point 5 of this decision shall be obliged to inform their shareholders with regard to the legal framework applicable to the trading of shares.
7. If at the date of expiry of the period referred to in point 5 issuers, conforming to the requirements of acceptance towards multilateral trading system trading, do not present a denial in writing of their securities shall be considered tacitly admitted to trading within the multilateral trading system.
8. Joint-stock company "STOCK EXCHANGE of Moldova, within 5 working days from the date of expiry of the period referred to in paragraph 5 of this decision, it shall inform the National Commission of Financial Market and published on its website data on issuers admitted to trading toward the multilateral trading.
9. control of the execution of the given decision is put in charge of the General securities supervisory authority.
10. this decision enters 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" and provide Company stock "STOCK EXCHANGE of Moldova".

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