RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of May 2, 2025 No. 99

About approval of Regulations about issue of permissions, registration and the notification on activities of non-bank credit institutions, and also requirements to transparency of their structures of property

Based on provisions of parts (2) - (4) the Art. 11, the item b) parts (4) Art. 23 of the Law on non-bank credit institutions No. 1/2018 (The official monitor of the Republic of Moldova, 2018, No. 108-112, the Art. 200), parts (6) St. The X Law on modification of some regulations (ensuring transfer of obligations according to the Law on modification of some regulations No. 178/2020) No. 214/2023 (The official monitor of the Republic of Moldova, 2023, No. 287-290, the Art. 504) the Executive committee of National Bank of Moldova DECIDES:

1. Approve Regulations about issue of permissions, registration and the notification on activities of non-bank credit institutions, and also requirements to transparency of their structures of property (according to appendix).

2. Declare invalid the Resolution of the National commission on the financial market No. 41/4/2018 (The official monitor of the Republic of Moldova, 2018, No. 366-376, the Art. 1459), registered in the Ministry of Justice at No. 1360 25.09.2018.

Approved by the Resolution of National Bank of the Republic of Moldova of May 2, 2025 , No. 99

Regulations about issue of permissions, registration and the notification on activities of non-bank credit institutions, and also requirements to transparency of their structures of property

Chapter I. General provisions

1. The regulations about issue of permissions, registration and the notification on activities of non-bank credit institutions, and also requirements to transparency of their structures of property (further - Regulations) establish conditions and approval procedure and registration of non-bank credit institutions (further - NPO) in the Register of the authorized non-bank credit institutions (further - RANKO), cases of the notification of National Bank of Moldova of NPO, requirements to NPO concerning transparency of their structure of property.

2. The terms and expressions used in these Regulations have the values provided by the Law on non-bank credit institutions No. 1/2018 (further - the Law No. 1/2018).

Chapter II. Issue of permission

3. Before registration in body of state registration of NPO shall get permission of National Bank of Moldova in case:

3.1. creations of NPO;

3.2. reorganization of NPO;

3.3. suspensions of operations of NPO;

3.4. liquidations of NPO.

4. For the purpose of these Regulations creation of OKN means, including, by modification of constituent acts of already existing commercial society, by inclusion of non-bank credit activities and change of the name by inclusion of the phrase "Non-bank credit institution" or reducings "NPO" as a result of receipt of permission of National Bank of Moldova.

5. For the purpose of these Regulations liquidation of NPO is performed both by discovery of liquidation procedure, and by modification of its constituent acts, by exception of non-bank credit activities and exception of the name of the phrase "Non-bank Credit Institution" or reducing "NPO", as a result of receipt of permission of National Bank of Moldova.

6. For receipt of the conclusion of NPO submits to National Bank of Moldova the application according to the procedure, established in part (1) article 13 of the Law No. 1/2018.

7. The application for issue of permission is submitted within 15 working days from decision date by general meeting of founders (shareholders / participants), except for case of reorganization of NPO when the application is submitted after 30 days from the date of publication of the announcement of reorganization in the Official monitor of the Republic of Moldova.

8. The documents specified in part are enclosed to the application for issue of permission (2) Art. 13 of the Law No. 1/2018 and items 9 and 10.

9. The NPO represents questionnaires according to appendices No. 1 and No. 2, with appendix of the following documents, as necessary:

9.1. for the owner of physical person:

9.1.1. the copy signed by the owner, the identity certificate or other equivalent document issued by competent authorities of the country in which he / she established the residence / residences;

9.1.2. the official document certifying that person has no criminal record and/or is not subject to criminal prosecution:

9.1.2.1. in case of resident of the Republic of Moldova - the certificate of lack of criminal record for physical person issued by competent authorities of the Republic of Moldova, valid on the date of filing of application and, depending on case, the acts issued to physical person by competent authorities of the countries/countries in which the legal entity who is under control of physical person performs activities and/or from the countries/countries in which person is for other reasons more than 90 days and/or takes the residence, constituted within at least 90 days preceding date of filing of application, certified according to the current legislation;

9.1.2.2. in case of the nonresident - the relevant document issued by competent authorities of the country of accommodation and, respectively, the acts issued by competent authorities of the countries/countries in which person lives under control of physical person and performs activities and/or from the countries/countries in which the physical person is for other reasons during the period more than 90 days and/or takes the residence, constituted within at least 90 days prior to date of filing of application, certified according to the current legislation;

9.1.3. the documents confirming source of financial resources from the authorized capital;

9.1.4. the statement under own responsibility, confirmatory that the owner is not in one of the situations provided by parts (2) and (3) the sample of which is provided by Art. 12 of the Law No. 1/2018, in appendix No. 3, filled and signed by the owner of NPO;

9.2. for the owner of the legal entity:

9.2.1. the official document certifying that the owner of the legal entity has no criminal record and/or is not subject to criminal prosecution: for resident of the Republic of Moldova - the certificate of non-conviction for the legal entity issued by competent authorities of the Republic of Moldova, and for nonresidents - the documents issued by competent authorities of the country which resident is;

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