ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of February 13, 2008 No. 145

About approval of the Regulations on sale of shares of public property in the controlled market

Based on the Law on management of public property and its privatization No. 121-XVI of May 4, 2007. (The official monitor of the Republic of Moldova, 2007, Art. No. 90-93, 401) DECIDES: the Government

1. Approve Regulations on sale of shares of public property in the controlled market it (is applied).

2. Declare invalid the Order of the Government No. 400 of April 17, 2006. "About approval of the Regulations on sale of shares of the state on the Stock exchange" (The official monitor of the Republic of Moldova, 2006, Art. No. 63-65, 430).

Approved by the Order of the Government of the Republic of Moldova of February 13, 2008 No. 145

Regulations on sale of shares of public property in the controlled market

I. General provisions

1. The regulations on sale of shares of public property on the Stock exchange (further - the Provision) are developed based on the Law on management of public property and its privatization N121-XVI of May 4, 2007, the Law No. 171 of July 11, 2012 on the capital market and other existing regulations.

2. This Provision determines procedure for sale of shares of public property, the organization and carrying out special transactions in the controlled market.

3. The concepts used in this Provision have the following values:

single packet - the securities realized by the principle: I sell – I buy everything or nothing;

the limit order – the exchange order allowing to maneuver in certain limits for the purpose of implementation of the transaction on the best price terms offered by the market;

implementation of the transaction – accomplishment by the seller of obligations on transfer of securities and the buyer on payment of money;

the member of the controlled market (member) - the legal entity authorized by the National commission on the financial market for implementation of activities of investment society;

bidders are the members of the controlled market satisfying the conditions provided in this Provision and the operator of the market satisfying conditions according to Rules of the controlled market;

the broker – person who holds auction also registers the agreement of the parties on the conclusion of transactions;

the stock exchange agent – the physical person hired by one of members of the controlled market and authorized by the operator of the market on implementation of activities in the controlled markets on behalf of the corresponding member;

day And - day of tendering;

put T - completion date of the transaction of purchase and sale of securities in the controlled market;

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