Regulatory Alerts2025-05-02
Regulation on the approval, registration and notification of the activity of non-bank credit organizations and ownership transparency requirements
The National Bank of Moldova issued Decision No. 99 to approve a new regulation governing the approval, registration, and notification processes for non-bank credit organizations. The regulation mandates that these entities obtain prior regulatory approval for establishment, reorganization, suspension, or liquidation, while strictly enforcing transparency requirements regarding their ownership structure and beneficial owners. It also establishes detailed procedures for maintaining the Register of Authorized Non-Bank Credit Organizations, including specific documentation requirements for administrators and holders to ensure ongoing compliance with legal standards.
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