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With Respect To Prescription Savings And Loan Association "corjeuți" To Take Measures To Comply With The Licensing Conditions

Original Language Title: cu privire la prescrierea Asociației de Economii şi Împrumut „CORJEUȚI” de a întreprinde măsuri în vederea  conformării condițiilor de licențiere

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    The monitoring of compliance with the licensing conditions by the savings and loan associations, holders of category B licence, non-compliance was found by the savings and Loan Association "CORJEUȚI" (Corjeuți village, Briceni district, on WHOSE BEHALF the 1003604009535) 31.03.2016-31.07.2016 with the requirements of art. 29 para. (3) 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) concerning minimum total value of the assets.
Concluding from the aforesaid, pursuant to art. 1, art. 3, art. 4, art. 8 lit. (b)). c) and subparagraph (c). f), art. 9 para. (1) (a). d) and lit. r), art. 22 paragraph 1. (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. 9 para. (2) (a). e), art. 29 para. (3), art. 31, art. 46 para. (1) paragraphs 1 and 2. (2) and paragraphs 1 and 2. (5), art. 49 para. (1) (a). a), lit. c) and subparagraph (c). d) of savings and loan associations no. 139-XVI from 21.06.2007, article. 19 para. (1) and paragraph 1. (2) (a). e) of law No. 451-XV of 30.07.2001 on regulating "through the licensing of entrepreneurship" (republished in the Official Gazette of the Republic of Moldova, 2005, no. 26-28, art. 95), the NATIONAL COMMISSION of FINANCIAL MARKET DECIDES: 1. Lay Trustees savings and Loan Association "CORJEUȚI" compliance with minimum total value of its assets with the requirements of the legislation within 90 working days from the date of entry into force of this judgment.
2. Warn administrators savings and Loan Association "CORJEUȚI" with the suspension of the licence for the Association to conduct its business in the executory provisions of point 1 of this decision.
3. The control over the execution of the given decision is put in charge of the Directorate-General for collective investments and microfinance.
4. this decision 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