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Ministry of Justice

Republic of Moldova

On July 20, 2020 No. 1581

RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of July 9, 2020 No. 158

About approval of Regulations about requirements to publication of information by banks

(as amended of the Resolution of National Bank of the Republic of Moldova of 03.02.2022 No. 16)

Based on the item c) parts (1) Art. 27 of the Law on National Bank of Moldova No. 548/1995 (pereopublikovan in the Official monitor of the Republic of Moldova, 2015, No. 297-300, the Art. 544), with subsequent changes, parts (2) and (3) the Art. 31, parts (1), (3), (4), and (6) the Art. 91, Art. 92 and 93 of the Law on activities of banks No. 202/2017 (The official monitor of the Republic of Moldova, 2017, No. 434-439, the Art. 727), with subsequent changes, the Executive council of National Bank of Moldova DECIDES:

1. Approve Regulations about requirements to publication of information by banks it (is applied).

2. Declare invalid the Regulations about procedure for disclosure by licensed banks of the Republic of Moldova for information on the financial activities approved by the Resolution of Administrative board of National Bank of Moldova No. 52 of March 20, 2014 (The official monitor of the Republic of Moldova, 2014, No. 110-114, the Art. 596), with subsequent changes, registered in the Ministry of Justice of the Republic of Moldova at No. 975 of April 24, 2014.

3. This resolution becomes effective after two months from the date of publication in the Official monitor of the Republic of Moldova.

4. The first reporting according to provisions of Chapter VII of the regulations specified in Item 1, will be published on September 30, 2021 as of June 30, 2021.

Chairman of Executive committee

Octavian to Armash

Appendix

to the Resolution of Executive committee of National Bank of Moldova of July 9, 2020 No. 158

Regulations about requirements to publication for banks

These regulations shift:

- Art. 431 (3) the first thesis, the Art. 432, the Art. 433, the Art. 435, the Art. 436, Art. 437 (1), the Art. 438 (a) - (c), (e), (f), the Art. 439 (a) - (b), (d) - (h), Art. 440 (1), the Art. 442, the Art. 444, the Art. 445, the Art. 446, the Art. 447, the Art. 448, the Art. 450, Art. 451 (1) and Art. 453 of Regulations (EU) No. 575/2013 of. The European Parliament and Council of the June 26, 2013 about prudential requirements for credit institutes and investment firms making changes to Regulations (EU) No. 648/2012 (the text with relevance of EEA) published in the Official magazine of the European Union by L 176 of June 27 2013, and with the last amendments made No. 2017/2395 of the European Parliament and Council delegated by Regulations (EU) of December 12, 2017;

- The regulations of implementation (EC) No. 1423/2013 of the Commission of December 20, 2013 about determination of technical standards on implementation of requirements for publication of information on own means for organizations according to Regulations (EC) No. 575/2013 of the European Parliament and Council (the text with relevance of EEA) published in the Official magazine of the European Union by L 355 of December 31, 2013;

- The delegated Regulations (EC) No. 2015/1555 of the Commission of May 28, 2015 about amendment of Regulations (EC) No. 575/2013 of the European Parliament and Council concerning technical standards of regulation for publication of information in connection with observance by organizations of requirements for the countercyclic buffer of the capital according to Article 440 (the text with relevance of EEA) published in the Official magazine of the European Union by L 244 of September 19, 2015.

Chapter I General provisions

1. These regulations are applied to banks with the location in the Republic of Moldova, to departments of banks of other states in the Republic of Moldova, further - "banks".

2. These regulations establish criteria, requirements and procedure for publication by banks of information on financial and economic activities, information on provision of services and banking products, about bank management, including about aktsionariata of bank, bases of management of activities, and also information on own means, requirements to the capital, podverzhennost to risk, capital buffers, domestic policy, including compensation policy.

3. The concepts and expressions used in these regulations have the values provided in the Law on activities of banks No. 202/2017 (further - the Law No. 202/2017) and in the regulations published by National Bank of Moldova in execution of the law. For the purpose of these regulations the following concepts are used:

Bank office - premises of territorial subdivision of bank (the central office, branch, representation and other additional offices).

Bulletin board - board / the electronic device on which information for the public is hung out, placed at bank office on the place available to the public.

Interest rate - the interest rate expressed as the fixed percent or floating, applied annually to remaining balance on the credit (deposit).

The consumer - the physical person intending to order or acquire, or ordering, acquiring or using products and services for the needs which are not connected with business or professional activity.

Total cost of the credit - all payments, including percent, commission charges, duties and other types of charges which the debtor shall pay in connection with the credit agreement and which are known to the creditor, except for notarial payments; payments for the additional services concerning the credit agreement, regarding the average size of insurance premiums, included in case receipt of the credit or obtaining it according to terms of the contract and terms for crediting is caused by the conclusion of the service provision agreement.

Total amount of the credit - all amounts provided according to the credit agreement.

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