Regulatory Alerts2023-06-15
Regulation on Registration and Licensing of Insurance, Reinsurance Undertakings and Third-Country Branches
The National Commission for Financial Markets of Moldova issued Decision No 31/1 to approve a regulation establishing mandatory registration and licensing procedures for insurance and reinsurance undertakings. The framework defines eligibility criteria, documentation standards, and ongoing supervisory obligations for both domestic entities and branches of third-country insurers. Effective from 6 July 2023, the regulation streamlines market access while providing a targeted transitional compliance window for specific provisions until April 2026.
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