Decisions of the Board of Directors of the National Financial Market Commission – 10 March 2026

During the meeting on 10 March 2026, the Board of Directors of the National Financial Market Commission (CNPF) adopted a series of decisions concerning consumer protection and the capital market, inter alia:

I. Regulation:

Approval of the CNPF Decision regarding the submission for review and public consultation of the draft law on credit contracts offered to consumers for residential real estate property. The draft introduces several measures aimed at increasing the level of consumer protection, promoting responsible lending, and strengthening the stability of the residential mortgage market by establishing clear rules in line with European best practices. More information here: https://tinyurl.com/stu2wk6e

II. Authorization:

Registration in the Register of Securities Issuers of the results regarding:

the reduction of the share capital of the joint-stock company “COMBINATUL AUTO NR. 7 CHIȘINĂU” by 479,490 lei through the cancellation of treasury shares, as a result of completing the reorganization procedure by separation. The company's share capital after reduction will amount to 601,230 lei, divided into 40,082 registered ordinary shares with a nominal value of 15 lei.

the securities placed at the establishment of the investment company “FINANCIAL TECHNOLOGIES” SA, in the amount of 1,000,000 lei, consisting of 1,000 registered ordinary shares, with a nominal value of 1,000 lei per share, from cash funds.

III. Supervision:

Rejection of the prior claim filed by SA “ACORD GRUP” SA, through which the insurer requested the annulment of CNPF Decision No. 3/3 of 20.01.2026. Following the examination of the arguments raised and the accompanying materials, the CNPF found that the insurer's actions constituted unfair commercial practices, including the request for recalculation of the insurance premium and the unilateral termination of the compulsory third-party motor vehicle liability insurance (RCA) contract without legal grounds. It was also established that the information provided by the insured at the time of contract conclusion was correct, and the insurer failed to provide clear information regarding the calculation method for the additional premium requested. Therefore, the arguments raised in the prior claim do not justify the annulment of the contested administrative act.

Rejection of the prior claim filed by OCN “MOGO LOANS” SRL regarding the annulment of CNPF Decision No. 2/3 of 13.01.2026 and the request to extend by 12 months the deadline established by CNPF Decision No. 28/3 of 09.06.2025 for fulfilling the obligation to refund improperly collected payments under consumer credit contracts. Following the examination of the arguments and materials presented, the CNPF found no objective grounds to justify extending the execution deadline. The Authority noted that the obligation to refund amounts collected beyond legal limits aims to restore the rights of affected consumers. Therefore, the arguments formulated in the prior claim are not sufficient to overturn the supervisory authority's findings, and the decision to reject the extension request is upheld.

Decisions of the Board of Directors of the National Financial Market Commission – 3 March 2026

Training workshop for CNPF specialists on the regulation and supervision of crypto-assets