Regulatory Alerts2016-11-10
Regulation on licensing of foreign exchange entities approved by Decision No 304 of the National Bank of Moldova
The National Bank of Moldova issued Decision No 304 to approve the Regulation governing the licensing of foreign exchange entities, including foreign exchange offices and hotels. The document establishes detailed procedures for the electronic submission of applications and supporting documents via the NBM WEB portal, specifying required forms, capital confirmation, and premises compliance. It also mandates the use of qualified electronic signatures for authorized persons and sets a 30-working-day timeline for the NBM to issue or reject licenses.
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