Under surveillance by the National Commission of Financial Market (NCFM) of transactions with shares on the regulated market "Moldova Agroindbank" SA during 18.04.2016-28.04.2016, there was an artificial increase in the share price "Moldova Agroindbank" SA from 1100 to 2660 lei lei per share per share or 142%.
Accordingly, the NCFM Decision No.26 / 8 of 05.27.2016 "On Commercial Bank share price" Moldova Agroindbank "SA traded on the regulated market" (Official Gazette of the Republic of Moldova, 2016 nr.151-155) price formed in transactions on the regulated market during 25.04.2016-28.04.2016 securities issued by BC "Moldova Agroindbank" SA has been qualified as a manipulated price on the stock market.
According to the Regulated Market Rules art.38.3 of the Stock Exchange of Moldova, supported by NCFM Decision No.23 / 3 of 05.08.2015 (Official Gazette of the Republic of Moldova, 2015 nr.115-123) ( further - rules regulated market), under special conditions that would cause a major change in setting a new market price of a security, the President of Moldova stock exchange may order modification or suspension of the limits specified in the rules art.38.1 preorder.
Notwithstanding the provisions above, and given the scope of the Law on financial institutions no.550-XIII of 21.07.1995 (republished in the Official Gazette of the Republic of Moldova, 2011, nr.78-81) on certain packages of shares issued BC "Moldova Agroindbank" SA and price regulation of their exposure through NCFM Decision no.15 / 2 of 07.04.2016 "on the steps, time, manner and procedures of cancellation of shares and the issuance of new shares of the Bank commercial "Moldova Agroindbank" SA "(Official Gazette of the Republic of Moldova, 2016 nr.100-105), Joint stock company" stock Exchange of Moldova "not took action, although the price of exposure to securities issued by the bank is influenced directly of any changes in the price recorded on the regulated market.
Also, contrary to pct.98 par. (4) of the Rules on regulated markets and multilateral trading facilities, approved by NCFM Decision no.49 / 2 of 26.08.2015 (Official Gazette of the Republic of Moldova, 2015 No .324-329), Joint stock company "stock Exchange of Moldova" has not notified about the increase in share price NCFM BC "Moldova Agroindbank" 142% within 4 days.
However, contrary to Art.19.2 c) of the Rules of regulated market and pct.3.2 policy on the identification and management of risks related to the conduct of business negotiations organization within "the Stock Exchange of Moldova", approved on on 03/04/2015, Joint stock company "stock Exchange of Moldova" has not taken any fully:
- inspection business investment company that has participated in transactions with securities issued by BC "Moldova Agroindbank" SA carried out on the regulated market during the period 25.04.2016-28.04.2016 to monitor conditions to carry out operations and / or activities manipulation, market abuse or other measures that could affect market stability;
- Identifying and managing risks by organizing the exchange of information related to the detection, identification, evaluation and control, as well as measures aimed at preventing and minimizing their consequences;
- Prompt adoption of the necessary decisions to reduce risks and to eliminate the consequences of their occurrence.
Based on the above, pursuant to Article 1. (1), Article 3, art. 4 (1) and para. (2) Article 8 b), article 9 . (1) d) letter j) and lit.n), art. 20 (1), art. 21 (1), Article 22 para. (1) and para. (3 ), article 25 par. (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, no. 117-126 BIS), art. 1, article 5, article 139 para. (1) a) and c) of Article 144 para. (2) b) and para. (6) of the Law # 171 in 11.07. 2012 "capital market" (Official Gazette of the Republic of Moldova, 2012 nr.193-197)
NATIONAL FINANCIAL MARKET COMMISSION

DECIDES:


1. It warns driving public stock company "Stock Exchange of Moldova" on failure to comply with the rules art.38.3 regulated market and pct.98 par. (4) of the Rules on regulated markets and multilateral trading facilities.
2. Prescribing stock company "Stock Exchange of Moldova" unconditional observance of the legislation in force.
March. This decision shall enter into force upon adoption, will 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.