Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

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

of April 8, 2016 No. 16/7

On regulation of transactions with single packets of securities within multilateral trade system of Stock exchange of Moldova

Owing to consideration of the Regulations about the organization and accomplishment of transactions with single packets of securities within multilateral trade system of Stock exchange of Moldova provided to the National commission on the financial market for review based on the Art. 3, Art. 8 of the item b) and the item t), Art. 21 of the h. (1), Art. 25 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), the Art. 5, Art. 74 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. Approve the Regulations about the organization and accomplishment of transactions with single packets of securities within multilateral trade system of Stock exchange of Moldova approved by Council of Stock exchange of Moldova, protocols No. 11/15 of 10:09. 2015, No. 12/15 of 12.11.2015 and No. 01/16 (is applied) of 1.02.2016.

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

Deputy Chairman of the National commission on the financial market

Yuriye Phillip

Approved by Council of Stock exchange of Moldova (the protocol No. 11/15 of September 10 2015, the protocol No. 12/15 of November 12 2015, the protocol No. 01/16 of February 1 2016)

Regulations about the organization and accomplishment of transactions with single packets of securities within the multilateral trade system (MTS) of Stock exchange of Moldova

These Regulations about the organization and accomplishment of transactions with single packets of securities within the multilateral trade system (MTS) of Stock exchange of Moldova (further - Regulations) are developed on the basis of the Rules of the multilateral trade system (MTS) of Stock exchange of Moldova, the operator of system approved and changed by Council of FBM (the protocol No. 05/15 of March 11, 2015, the protocol No. 08/15 of July 01, 2015, the protocol No. 10/15 of August 6, 2015, the protocol No. 11/15 of September 10, 2015).

1. General concepts

1.1. These Regulations are the main regulation regulating procedure for the organization of the biddings and execution of transactions with single packets of the securities admitted to trading within the multilateral trade system (MTS) of Stock exchange of Moldova (further - FBM), and are obligatory for execution by all participants of the exchange biddings.

1.2. These Regulations affirm Council of FBM.

1.3. The concepts used in these Regulations matter, established by Rules of MTS, and also the following value:

single packet - the securities admitted to trading within MTS, realized by the principle: sell-purchase everything or nothing;

execution of the transaction - obligation fulfillment on delivery of securities by the seller and payment of money by the buyer;

bidders are the members of MTS who are carrying out regulations of these Regulations and Rules of MTS;

the bidder - the seller - the member of MTS concluding the bargain on security sale by single packet on its own behalf and for customer account or on its own behalf and at own expense;

the bidder - the buyer - the member of MTS concluding the bargain on security purchase by single packet on its own behalf and for customer account or several clients and/or at own expense;

the broker – person authorized on tendering by single packets;

day And - day of tendering;

the voice biddings - tendering form single packets based on the principles of publicity, transparency and equality of all participants;

the principle of the voice biddings - to sell for maximum price.

1.4. For the purpose of these regulations all temporary periods specified in it are considered as calendar days, except for the separate terms established by regulations.

2. Bidders single packets

2.1. Bidders single packets are the members of MTS concluding bargains on its own behalf and for customer account and/or on its own behalf and at own expense.

2.2. Bidders can participate in transactions by means of accredited stock exchange agents.

2.3. Bidders are the buyers concluding bargains on security purchase by single packet at the expense of several clients and/or at own expense, shall respect the following rules:

- on each single packet offered for sale, the bidder - the buyer can be provided by one stock exchange agent;

- the total quantity of securities which the bidder wishes to acquire at own expense and/or at the expense of several clients shall be equal to the number of the securities offered for sale by single packet;

- orders on purchase of one single packet at own expense and/or at the expense of several clients can be accepted and performed by the bidder – the buyer within uniform maximum price of acquisition.

2.4. Bidders shall provide availability of the securities offered for sale by single packets on the depositary account opened in NDTsB / the central depositary.

3. Preparation for the biddings

3.1. Single packets the stock exchange agent shall submit the application for participation in the biddings for FBM not earlier than day of A-30 and not later than three working days prior to the biddings, to 12.00, and the request for sale of single packet which cost exceeds 1000 000,00 leu, - not later than five working days prior to the biddings till 12:00.

3.2. In the request start date of the biddings and term of its action is specified. Depending on effective period of the request can be two types:

- the simple request with effective period no more than 10 days, or

- the request with long effective period for search of the potential buyer in the reasonable price (request DS). For requests DS after the expiration provided as for the simple request the period of long exposure during which FBM performs triple reduction of price at an interval of 10 days, and in the absence of potential buyers after triple decrease begins, performs the biddings at the price offered by the buyer.

3.3. In the request original price of sale according to the received order of the client which for requests DS shall be at least is also specified:

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

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

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.