Regulatory Alerts2020-02-26
Regulation on outsourcing the bank's activities and operations approved by Decision of the Executive Board of the National Bank of Moldova no.46 of February 26, 2020
The Executive Board of the National Bank of Moldova issued Decision no. 46 to approve a new Regulation establishing the regulatory framework for banks' outsourcing activities. This Regulation mandates rigorous supplier evaluation, specific contract requirements, and prior approval procedures for outsourcing material activities while clarifying exemptions for standard procurement. It also repeals previous outsourcing rules and sets transitional deadlines for banks to align existing contracts and internal procedures with the new standards.
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