Regulatory Alerts2025-11-27
Regulation on the authorization and notification of connections between central securities depositories
The National Bank of Moldova issued this Regulation to govern the authorization and notification processes for connections established by the Single Central Securities Depository with other depositories. It mandates prior authorization for interoperable connections and advance notification for standard, customized, or indirect links, requiring comprehensive risk assessments and draft agreements. The document further outlines the CSD's ongoing compliance obligations and grants the NBM the power to order the urgent termination of connections that jeopardize financial market stability.
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