Regulatory Alerts2018-07-11
Regulation on conditions for granting, suspending and withdrawing participation rights in the Single Central Securities Depository
The National Bank of Moldova issued this regulation to establish the legal framework for granting, suspending, and withdrawing participation rights in the Single Central Securities Depository. It defines eligible entities such as banks and investment firms, detailing the application procedures, technical requirements, and mandatory client segregation standards for system access. The document further outlines the specific grounds and administrative steps for suspending or withdrawing participation rights, including notifications to regulatory authorities and cessation triggers like license cancellation or bankruptcy.
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