Regulatory Alerts2019-03-20
Instruction on drawing up and presenting FINREP reports at a consolidated level by banks
The Executive Board of the National Bank of Moldova issued Decision No 83/2019 to approve the Instruction governing the preparation and submission of FINREP consolidated reports by banks. This regulation mandates that banks with control over subsidiaries or investments in associates and joint ventures prepare consolidated financial statements in accordance with IFRS and submit them electronically to the regulator. The reports must be filed annually by May 31 following the reference year, reflecting the group's financial position in Moldovan Lei at the official exchange rate.
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