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

of March 20, 2015 No. 15/10

About application of some provisions of the Law No. 171 of 11.07.2012. "About the capital market"

For the purpose of execution of provisions of Art. 147 of the h. (8) the Law No. 171 of 11.07.2012 "About the capital market" (The official monitor of the Republic of Moldova, 2012, No. 193-197, the Art. 665), based on Art. 1 of the h. (1), Art. 3, Art. 8 of the item b) and t), Art. 9 of the item d), Art. 21 of the h. (1), Art. 22 of the 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), Art. 1 of the h. (2) - (4), Art. 5 of the Law No. 171 of 11.07.2012 "About the capital market" (The official monitor of the Republic of Moldova, 2012, No. 193-197, the Art. 665) the National commission on the DECIDES: financial market

1. The Bursa de Valori a Moldovei joint-stock company within 45 days from the effective date of this resolution shall determine issuers who conform to requirements of access to the biddings in the controlled market according to Law No. 171 provisions  of 11.07.2012 "About the capital market" and with respect thereto to request their consent.

2. If before expiry date, stipulated in Item 1, issuers who conform to requirements of access to the biddings in the controlled market will not provide written refusal, their securities by default are recognized admitted to trading in the controlled market.

3. Issuers who do not conform to the requirements provided in Art. 67 of the h. (1) the Law No. 171 of 11.07.2012 "About the capital market", having the right to file in the National commission on the financial market petition for issue of the conclusion according to Art. 67 of the h. (3) the Law No. 171 of 11.07.2012 "About the capital market".

4. From the date of receipt by Bursa de Valori a Moldovei joint-stock company of license for activities of the operator of the market and the operating authority of the controlled market of security transaction, admitted to trading in the controlled market, will be performed according to the current legislation.

5. To Bursa de Valori a Moldovei joint-stock company to inform the National commission on the financial market on execution of Items 1 and 2 within 10 working days after the expiration provided in Item 1.

6. This resolution becomes effective from the date of publication.

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