LAW OF THE REPUBLIC OF MOLDOVA

of September 28, 2014 No. 187

About modification and amendments in some legal acts

This organic law is adopted based on provisions of article 106-1 of the Constitution by acceptance on itself the Government of responsibility to Parliament.

Art. I. – In part (3) article 18 of the Law No. 548-XIII of July 21, 1995 on National Bank of Moldova (The official monitor of the Republic of Moldova, 1995, Art. No. 56-57, 624), with subsequent changes and amendments, the word "issued" shall be replaced with words "or the government securities issued by the Government in similar conditions of terms for crediting the Government of the Republic of Moldova the international financial institutions and depending on capability of servicing of public debt, stipulated in advance with National Bank of Moldova".

Art. II. – In the Law on financial institutions No. 550-XIII of July 21, 1995 (repeated publication: The official monitor of the Republic of Moldova, 2011, Art. No. 78-81, 194), with subsequent changes and amendments to make the following changes and additions:

1. Add Article 14 with part (3) the following content:

"(3) Shares can be paid fully or partially with the government securities issued for this purpose by the Government on behalf of the Ministry of Finance, in case of the system financial crisis determined as such by the national authority created for management of system financial crises."

2. Part (1) Article 37-15 after the first offer to add with the following text: "The National Bank can extend moratorium term for two months, in case of the system financial crisis determined as such by the national authority created for management of system financial crises."

3. Item c) parts (Article 38 to state 3) in the following edition:

"c) the size of the regulated capital of bank constitutes less than one third of the size of the minimum regulated capital established by regulations of National Bank."

4. Part (2) Article 38-7:

in Item and) to exclude the word of "size";

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