Regulatory Alerts2019-05-17
Regulation on Branches and Secondary Offices of Banks
The Executive Board of the National Bank of Moldova issued Decision No 147 to approve the Regulation governing the establishment, operation, and closure of bank branches and secondary offices. The document mandates that banks obtain preliminary regulatory approval before opening branches domestically or abroad and defines the specific permitted activities for agencies and foreign exchange bureaus. It further establishes detailed notification procedures, required documentation, and prudential conditions for supervisory oversight of these subdivisions.
Share