REGULATIONS OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of August 8, 1997 No. 28

About procedure for creation and representation of results of audit

I. Basis

These regulations are developed according to the powers of National Bank of Moldova provided by Articles 11, 44 and 47 (1) the Law on National Bank, Articles 34, 35 and 37 (4) the Law on financial institutions and the Law on auditor activities.

II. Requirements to independent external auditors

1. Annually the bank shall sign the contract with independent auditor society in coordination with National Bank which will fulfill requirements of Article 34 (1) the Law on financial institutions for all financial year.

2. No. 195 is excluded according to the Resolution of Administrative board of National Bank of the Republic of Moldova of 23.08.2012

3. Before the conclusion of the contract with independent auditor society according to Article 34 (1) the Law on financial institutions independent auditor society represents to bank the license (the original or the notarized copy) for implementation of auditor activities issued according to the current legislation and the qualification certificate of the auditor of financial institutions issued by National Bank.

4. Annually the bank provides to National Bank of Moldova the following information:

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