Regulatory Alerts2013-06-27
Regulation on Holdings in Bank Equity
The Administrative Council of the National Bank of Moldova issued Decision no.127 to approve the Regulation on Holdings in Bank Equity, establishing requirements for acquiring, holding, and disposing of qualifying stakes in banks. The regulation mandates that any person intending to acquire or increase a qualifying holding must obtain prior written approval from the National Bank before executing transactions or depositing funds. It further stipulates that voting rights are suspended for acquisitions made without prior permission and requires shareholders to sell non-compliant holdings within three months if approval is refused.
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