Regulatory Alerts2025-11-04 | 53/3Added · Updated
Decision on the Preliminary Complaint Against CNPF President's Order No. 1069 Regarding the Suspension of the Administrative Procedure Initiated by SA CARIERA ȘAPTEBANI
The National Financial Market Commission (CNPF) issued Decision No. 53/3 on November 4, 2025, ruling that the preliminary complaint filed by SRL [...] against Order No. 1069 is inadmissible. The Commission determined that the suspension of the administrative procedure for SA CARIERA ȘAPTEBANI's share issuance constituted an administrative operation rather than a final individual act, thereby precluding immediate judicial review. Consequently, the CNPF rejected the complaint as inadmissible, citing that such operations can only be challenged concurrently with the final administrative act.
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