RESOLUTION OF THE NATIONAL COMMISSION ON THE FINANCIAL MARKET REPUBLIC OF MOLDOVA

of December 16, 2019 No. 60/4

About approval of Regulations about classification of assets by non-bank credit institutions

Based on Item and) parts (4) article 23 of the Law on non-bank credit institutions No. 1/2018 (Official monitor of the Republic of Moldova, 2018, No. 108-112, Art. 200) National commission on the DECIDES: financial market

Approve Regulations about classification of assets by non-bank credit institutions it (is applied).

Approved by the Resolution of the National commission on the financial market of the Republic of Moldova of December 16, 2019, No. 60/4

Regulations about classification of assets by non-bank credit institutions

I. General provisions

1. The regulations about classification of assets by non-bank credit institutions (further – Regulations) are applied by the non-bank credit institutions (further – NPO) registered in the Register of the authorized non-bank credit institutions in case of classification and calculation of size of loss reserves for the purpose of supervision, and also to establishment of the permitted deduction size for tax purposes on the assets subject to credit risk, based on the relevant agreements, namely:

1) non-bank credits;

2) debts on financial leasing;

3) the percent and other amounts added and reflected in financial accounting of NPO, which are subject to obtaining.

Concepts and essence of categories of assets to which these Regulations extend are determined according to the current legislation and national accounting standards.

2. NPOs shall classify and calculate loss reserves on assets for the purpose of supervision according to these Regulations.

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