ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of February 9, 2022 No. 69

About approval of the Concept of the Information system "The Program of Direct Sale of Government Securities to Physical Persons in the Republic of Moldova" and modification of the Order of the Government

For the purpose of market development of government securities, increase in level of financial literacy and simplification of access for physical persons to acquisition of government securities based on Item d) article 22 of the Law No. 467/2003 on informatization and the state information resources (The official monitor of the Republic of Moldova, 2004, Art. No. 6-12, 44), with subsequent changes, DECIDES: the Government

1. Approve the Concept of the Information system "The Program of Direct Sale of Government Securities to Physical Persons in the Republic of Moldova" it (is applied).

2. In the Concept of the Program of direct sale of government securities to physical persons in the Republic of Moldova approved by the Order of the Government No. 192/2021 (Official monitor of the Republic of Moldova, 2021, Art. No. 249-253, 483), to make the following changes:

1) in Item 1 the text", without auctions and without application of the procedure of subscription" to replace with the text "by means of subscription";

2) in Item 3:

in the subitem 1) to exclude the words "and holder";

in the subitem 2) to replace words of "the technical contractor" with the word of "holder".

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

Approved by the Order of the Government of the Republic of Moldova of February 9, 2022 No. 69

Concept of the Information system "The Program of Direct Sale of Government Securities to Physical Persons in the Republic of Moldova"

Introduction

In the Republic of Moldova the "National Debt Management in the Medium Term (2020-2022)" Program approved by the Order of the Government No. 56/2020, includes specific purposes of national debt management for 2020-2022, one of which is development of the domestic market of government securities (further - GTsB). For the purpose of achievement of effective objective the Concept of the Program of direct sale of government securities to physical persons in the Republic of Moldova (further - the Program) approved by the Order of the Government No. 192/2021 was developed. The specified Program is directed to simplification of access for citizens of the Republic of Moldova to purchase of GTsB, and also to alienation of GTsB till repayment period by means of electronic platform.

This Concept developed according to provisions of the Law No. 467/2003 on informatization and the state information resources describes the electronic platform for sale of GTsB developed as the special channel which analyzes possibility of implementation of transactions with GTsB by means of the web page without intermediaries.

In this Concept the concepts determined in the Law No. 419/2006 on debt of the public sector, the state guarantees and the state recrediting and the Regulations on placement, trade and the redemption of government securities in the form of record on the account approved by the Resolution of Executive committee of National Bank of Moldova No. 170/2018 and the Order of the Minister of Finance No. 129/2018 are used.

Chapter I General provisions

1. Determination of the Information system "The Program of Direct Sale of Government Securities to Physical Persons in the Republic of Moldova"

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