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LAW OF THE REPUBLIC OF MOLDOVA

of December 9, 2016 No. 265

About interpretation of part (1) Article 54 and part (3) article 71 of the Law on improvement of banks and the bank resolution No. 232 of October 3, 2016

Based on Item c) article 66 of the Constitution of the Republic of Moldova

The parliament adopts this organic law.

Provisions of article 35 of the Law on National Bank of Moldova No. 548-XIII of July 21, 1995 are entirely applied to the interim manager and the special managing director appointed by National Bank as it is provided by the provisions containing in part (1) Article 54 and part (3) article 71 of the Law on improvement of banks and the bank resolution No. 232 of October 3, 2016, including in situation when according to part (2) article 25 of the Law No. 548-XIII of July 21, 1995 the interim manager appointed by National Bank, the special managing director is member of Executive committee of National Bank whose powers are suspended by right.

Chairman of the parliament

Andrian Kandu

 

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