Advanced Search

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

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
    In order to ensure compliance by managers of savings and loan associations "MĂGDĂCEȘTI" (Măgdăcești village, Criuleni district, on WHOSE BEHALF the 1011600004296) and "PRODĂNEȘTI" (village of Prodanesti, Floreşti, 1003607017751 BE ISSUED IDNO) requirements by submitting legislation to the National Commission of financial market of the annual financial statements for the year 2015, including discharge as a result of non-execution of the provisions of section 1 of the decision of the National Commission of Financial Market nr. 18/10 22.04.2016 "regarding the failure by some savings and loan associations of the annual accounts" (Official Gazette of the RM, no. 2016, 123-127, 763), pursuant to article 4. 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 associations "MĂGDĂCEȘTI" and "PRODĂNEȘTI" until their compliance with the requirements of the legislation, with the exception of food operations of such accounts, the national public budget with disbursements and payments by the National Commission of financial market laid down in legislative acts in force.
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 on the date of its adoption, shall 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.

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