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With Regard To The Withdrawal Of The Licence Of Investment Company Limited-Company "banca De Economii"

Original Language Title: cu privire la retragerea licenței de societate de investiții Societății pe acțiuni „Banca de Economii”

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    Having regard to the decision of the National Bank of Moldova No. 62 of 16.10.2015 "to withdraw the license for financial activities and initiation of the process of liquidation forced Banca de Economii S.A." and the approach presented by Mr. Grigorii Olaru, appointed as liquidator of the company limited by shares "Banca de Economii" (str. Chisinau, Columna 115. Chisinau, 1003600002549), on WHOSE BEHALF the Company's actions as "Banca de Economii" has ceased to meet the requirements of legislation established for the investment company activity in accordance with article 1 para. (1) article 8 c), art. 20, para. (1) article 21 paragraph 1. (1), article 22 para. (1) and paragraphs 1 and 2. (3), art. 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. 1 (1). (1) to (3), article 140 of the Act No. 171 of 11.07.2012 "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. the licence shall be withdrawn from investment company limited by shares Company issued earlier "Banca de Economii" series 000804 from 14.01.2015 of the CNPF.
2. Joint-Stock Company "Banca de Economii" will take all necessary measures in order to ensure the execution of the obligations towards its clients, with the purpose of removal of the company limited by shares "Banca de Economii" from the register of licences for activities on the capital market.
3. The control over the execution of the given decision is put in charge of the General securities supervisory authority.
4. this decision shall enter into force from the date of issue, to be published in the Official Gazette of the Republic of Moldova and on the website of the National Commission of financial market.

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