Regulatory Alerts2024-01-11
Regulation on Holdings in Non-Bank Payment Service Providers
The National Bank of Moldova issued this regulation to establish requirements and restrictions for acquiring, increasing, or disposing of qualifying holdings in non-bank payment service providers. It mandates prior regulatory approval for any transaction that grants significant influence or crosses defined ownership thresholds, while detailing assessment criteria focused on financial stability, managerial reputation, and anti-money laundering compliance. The framework further standardizes the application process through the NBM WEB portal, defines concerted action and related party relationships, and sets a 60-working-day examination period for proposed acquirers.
Share