Regulatory Alerts2024-02-29
Regulation on the Audit of Insurance and Reinsurance Undertakings (NBM Decision No 71)
The National Bank of Moldova has approved a new regulation governing the audit processes for insurance and reinsurance undertakings through Executive Board Decision No 71. This framework establishes mandatory audit standards, reporting timelines, and supervisory oversight mechanisms to ensure financial stability across the domestic insurance sector. The regulation entered into force on 14 March 2024, requiring all licensed entities to align their internal and external audit practices with the newly defined compliance benchmarks.
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