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

of December 5, 2023 No. 60/10

About approval of Regulations about administrative production on control

Based on part (1-2) articles 9 of the Law on the National commission on the financial market No. 192/1998 (repeated publication: Official monitor of the Republic of Moldova, 2007, No. 117-126 BIS) National commission on the DECIDES: financial market

1. Approve Regulations about administrative production on control it (is applied).

2. The choice of professional participants of the non-bank financial market and subjects of the relations connected with control in the field of consumer protection provided by parts (2) and (21) article 4 of the Law on the National commission on the financial market No. 192/1998, it will be performed based on Methodology of selection of the subjects which are subject to control, the approved National commission on the financial market.

3. Before development and approval of Methodology of selection of the subjects which are subject to control, establishment of the subjects which are subject to control is performed taking into account the following indicators:

1) the subject's scale, amount and nature of the performed activities;

2) disproportion of the registered indicators or identification of suspicious events;

3) the number of petitions concerning the subject;

4) frequency of the previous checks;

5) types of the violations revealed earlier;

6) the number of earlier applied sanctions.

4. This resolution becomes effective from the date of publication in the Official monitor of the Republic of Moldova.

Approved by the Resolution of the National commission on the financial market of the Republic of Moldova of December 5, 2023, No. 60/10

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