Regulatory Alerts2018-11-29
Regulation on Requirements for Members of the Governing Body, Key Position Holders, and Liquidators of Banks
The National Bank of Moldova issued Decision No 292 to approve a regulation establishing compliance criteria and assessment procedures for bank governing body members, key position holders, and liquidators. The regulation mandates that banks perform primary assessments of reputation, skills, and experience for these individuals before appointment and requires ongoing reassessment to ensure continued suitability. It further outlines the specific roles subject to these requirements, including heads of branches from other states and liquidators, while repealing previous regulations on administrators.
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