LAW OF THE REPUBLIC OF MOLDOVA

of December 16, 2004 No. 424-XV

About review and optimization of the regulatory base of regulation of business activity

The Parliament adopts this organic law.

Article 1. Subject of this law

This law establishes the principles and actions for review of the regulatory base for the purpose of exception or the non-admission of the provisions which are not corresponding to the legislation and is not oriented to market economy and also on ensuring stability and quality of regulation of business activity in order to avoid barriers in the field of entrepreneurship.

Article 2. Basic principles of review and optimization of the regulatory base of regulation of business activity

Review and optimization of the regulatory base of regulation of business activity are based on the following principles:

a) transparency and stability of regulation of business activity;

b) presumption of observance of regulations by subjects of business activity; interpretation for benefit of the subject of business activity in case of doubts in application of any provision of the legislation on business activity;

c) non-interference to business activity, including non-admission of its suspension, except as specified, accurately determined by the legislation;

d) financing from the budget of the ministries, departments, bodies of local public authority, other administrative authorities, and also inspections, the agencies, services and other subordinates and/or subordinated organizations with functions of state regulation, control and inspection (further - bodies of public management), except as specified, determined by the legislation;

e) separation of functions of bodies of public management for state regulation, control and inspection and functions on provision of services on assessment of conformity and other paid services;

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