RESOLUTION OF THE NATIONAL COMMISSION ON THE FINANCIAL MARKET OF THE REPUBLIC OF MOLDOVA

of October 8, 2009 No. 44/8

About approval of the Instruction about submission of the reporting by savings and loan associations

In pursuance of provisions of Art. 44 of h (1) the Law No. 139-XVI of 21.06.2007 "About savings and loan associations" (The official monitor of the Republic of Moldova, 2007, No. 112-116, the Art. 506), Art. 11 of h (4) and h (5) the Law No. 113-XVI of 27.04.2007 "About financial accounting" (The official monitor of the Republic of Moldova, 2007, No. 90-93, the Art. 399), based on Art. 1 of h (1), the Art. 3, Art. 4 of h (1) and h (2), Art. 8 of the item i), Art. 21 of h (1), Art. 22 of h (1) and h (2) the Law No. 192-XIV of 12.11.1998 "About the National commission on the financial market" (it is repeatedly published in the Official monitor of the Republic of Moldova, 2007, No. 117-126 BIS) the National commission on the DECIDES: financial market

Approve the Instruction about submission of the reporting by savings and loan associations, according to appendix.

Approved by the Resolution of the National commission on the financial market of October 8, 2009 No. 44/8 the Order of the Minister of Finance of March 24, 2010 No. 44

The instruction about submission of the reporting by savings and loan associations

CHAPTER I. GENERAL PROVISIONS

1. The instruction about submission of the reporting by savings and loan associations (further - the Instruction) establishes forms and rules of creation and submission of the specialized reporting (daleeotchetnost) and is applied by savings and loan associations, including the central associations (further - associations) registered according to the legislation.

2. Associations shall constitute and submit reports of the National commission on the financial market (further - the National commission) according to the Law No. 113-XVI of 27.04.2007 "About financial accounting" (The official monitor of the Republic of Moldova, 2007, No. 90-93, of the Art. 399), further - the Law No. 113/27.04.2007, the Law No. 139-XVI of 21.06.2007 "About savings and loan associations" (The official monitor of the Republic of Moldova, 2007, No. 112-116, of the Art. 506), further - the Law No. 139/21.06.2007, National accounting standards, including the National accounting standard 63, approved by the order of the Ministry of Finance No. 89 from 28.10.2002, (The official monitor of the Republic of Moldova, 2002, No. 151-153, the Art. 354), further - NSBU 63, and this Instruction.

3. The reporting is submitted on papers and electronically. The report submitted on papers, signed and certified by seal of association is considered authentic.

4. The reporting contains information relating to all branches, representations and to other divisions of associations.

5. The reporting provided by associations on reporting date according to this Instruction is followed by the title page, according to appendix No. 1.

6. All details of the report shall be filled. If the association did not make any of the actions specified in the report or any indicators or requirements of the report are not applied to this association, in the corresponding category (cell) the figure zero is specified.

7. The reporting is constituted in lei. Recalculation for Moldovan lei on the official rate of National Bank of Moldova on reporting date is made for means in foreign currency. Percentage cost is reflected in two figures after comma.

8. Changes, amendments, variations and/or mistakes in reports are not made. Information specified in reports shall be written down/is printed distinctly and is legible.

9. The reporting is signed by the chief executive and the chief accountant and makes sure seal of association. In case of absence of the chief executive, the reporting can be signed by person, the acting as the director, or the chairman of the board of association. Reports of the association which is in process of liquidation are signed by the liquidator, and in case of several likvidatorovlikvidator, the representative for the common decision of all liquidators of the relevant society.

10. Before representation to the National commission, the amounts registered in the previous accounting periods are compared with the amounts of the accounting periods registered in the previous reports. In the presence of discrepancies from one period to another, the explanatory note on papers in which the corresponding discrepancies are described is attached to the report.

11. Information containing in reports shall reflect real and reliable situation of activities of association for the end of the last day of the accounting period.

12. Associations shall consider results of the inspections which are carried out by inspectors of the National commission in case of creation of reports on the reporting date following entry into force of the resolution of the Administrative board of the National commission approved based on the inspection statement. At the same time the explanatory note on papers in which the entered changes and amendments relating to elimination of the violations revealed within checks in details speak is attached to the specified reports.

CHAPTER II. FORM, TERM AND PERIOD OF SUBMISSION OF THE REPORTING

13. The association submits the National commission the annual financial reports established by the Law No. 113/27.04.2007 and NSBU 63, within 90 days following after accounting year.

14. In addition to annual financial reports, the association represents to the National commission, in time, stipulated in Item 13, the following reports:

1) Report of the chief executive;

2) Report of audit committee on obligatory annual check;

3) the Report of the auditor in case of statutory audit;

4) Report on observance of Regulations of financial precaution (appendix 10).

15. The association constitutes and represents to the National commission on the financial market the following reporting:

1) Financial status statement (appendix 2);

2) Income and expenditure statement (appendix 3);

3) Cash flow statement (appendix 4);

4) the Report on classification of the issued loans, securities and savings deposits on sectors and organizations (appendix 5);

5) Report on repayment periods of some assets and liabilities sensitive to interest rate (appendix 6);

6) the Report on classification of the issued loans and the added percent on them for formation of reserves (appendix 7);

7) the Report on the amounts and obligations which are subject to accounting as a part of off-balance Articles (appendix 8);

8) Report on other information (appendix 9);

9) Report on observance of Regulations of financial precaution (appendix 10).

16. The principles and rules of creation of the reporting, stipulated in Item 15, correspond to the principles and rules of creation of the annual financial reporting established according to the Law No. 113/27.04.2007 and national accounting standards including NSBU 63.

17. The association having the license of category A, quarterly within 15 days following the accounting period represents to the National commission the reporting, stipulated in Item 15, except for the specialized reporting for the IV quarter. The association having the license of category B, C and the central association, monthly, within 15 days following the accounting period represents to the National commission the specialized reporting, stipulated in Item 15, except for the specialized reporting for December.

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