LAW OF THE REPUBLIC OF MOLDOVA

of December 15, 2017 No. 274

About entering of amendments into some legal acts

The Parliament adopts this organic law.

Art. I. – Article 11 of the Join-stock companies law No. 1134/1997 (repeated publication: 2008, Art. No. 1-4, 1), with subsequent changes and amendments to add the official monitor of the Republic of Moldova with parts (7) and (8) the following content:

"(7) in case of the transaction of the purchase and sale with the securities issued by banks, made in the controlled market according to part (6) or in multilateral trade system, the parties have the right to make the transaction:

a) based on the purchase and sale agreement signed directly between the seller and the buyer at the price which is freely approved between them and on the contractual conditions established by them according to the law; or

b) by rules of the controlled market or multilateral trade systems.

(8) the National commission on the financial market and the operator of the market, the managing director of the controlled market or multilateral trade system having no right to set restrictions or additional to the provided law of the requirement for transactions of the banks with securities made according to Item and) parts (7).".

Art. II. – In the Law on management of public property and its privatization No. 121/2007 (Official monitor of the Republic of Moldova, 2007, Art. No. 90-93, 401), with subsequent changes and amendments, to make the following additions:

1. The part Item e-2) (Article 6 to add 1) with words ", and also shares of systemically significant banks;".

2. Add Chapter IV with Article 54-1 of the following content:

"Article 54-1. Purchase and privatization of the shares issued systemically by significant banks

(1) the Government takes shares systemically of significant banks for the purpose of exposure them for sale. For the purpose of application of provisions of this part need of participation of the state for sale of shares systemically of significant banks is determined by national macroprudential authority after three months after drawing of shares to sale in the controlled market or within multilateral trade system.

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