LAW OF THE REPUBLIC OF MOLDOVA

of July 3, 2025 No. 177

About modification of some regulations (consolidation of measures for protection of investments into derivative financial instruments)

The Parliament adopts this organic law.

Art. I. - In the Law on the capital market No. 171/2012 (Official monitor of the Republic of Moldova, 2012, Art. No. 193-197, 665), with subsequent changes, to make the following changes:

1. Part (1) Article 1 after words "including controlled markets", to add with words "measures for investor protection,".

2. In part (1) Article 2 of the word", issued by issuers of the Republic of Moldova" to exclude.

3. In part (2) Article 4 the second offer to add with words ", taking into account the features established by this law".

4. Add the law with Article 4-1 of the following content:

"Article 4-1. Prohibitions concerning some derivative financial instruments

(1) In the Republic of Moldova marketing, sale and distribution of derivative financial instruments as the binary options representing the derivative financial instrument with cash calculation in which payment of the fixed sum of money depends on approach of one or several certain events concerning the price, level or the cost of underlying asset on repayment date of the derivative financial instrument are prohibited. Use of education as means of marketing, sale or distribution of derivative financial instruments as binary options is violation of provisions of this part.

(2) In the Republic of Moldova marketing, sale and distribution to nonprofessional clients of the derivative financial instruments traded through electronic trade platform which directly or indirectly provides the effect of financial leverage established depending on underlying asset, the following methods are prohibited:

a) provision of different remunerations to the existing clients for involvement of new clients or prospective clients by them or for the recommendation to other persons of the offered derivative financial instruments or the services provided in connection with these tools;

b) provision of gifts or bonuses to the client or provision of any other benefit when such provision depends on transactions with the distributed derivative financial instruments;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info