of December 26, 2003 No. 575-XV
About guaranteeing deposits in bank system
The Parliament adopts this organic law.
Art. 1. - The purpose of this law is guaranteeing deposits in banks.
Art. 2. - (1) on the date of entry into force of this law the Fund of guaranteeing deposits in bank system (further - Fund is established).
(2) the Fund is established as the legal entity of the public law.
(3) the Location of Fund is the municipium of Chisinau.
(4) Banks are allowed to forming of fund and shall participate in it.
(5) the Main objectives of Fund are protection of depositors and assistance of financial stability of the country due to timely payment of the guaranteed deposits and accumulating of necessary means for the bank resolution.
Art. 3. - In this law the following basic concepts are used in value:
bank - the bank, affiliated enterprise and bank department of other state having the license of National Bank of Moldova for implementation of the activities permited banks;
preferential terms - conditions under which the depositor acquires from bank the right to the interest rates or other pecuniary benefits exceeding the level applied by this bank on deposits of the same type, the same category with the same term and in the same currency;
date of approach of unavailability of the deposit - acceptance date National Bank of Moldova decisions on use of tools of the resolution or revocation of license and initiation of process of involuntary liquidation of bank;
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The document ceased to be valid since October 1, 2023 according to article 57 of the Law of the Republic of Moldova of June 22, 2023 No. 160