Individual decision · NCFM · 21 Aug 2026 · 42/3
The National Commission for Financial Markets grants an unlimited-term market operator license, regulated market authorization, and multilateral trading system authorization to BURSA INTERNAȚIONALĂ A MOLDOVEI S.A. The Commission approves the Rules of the regulated market and the Rules of the multilateral trading system administered by the operator, as set out in Annexes 1 and 2. The operator is required to publish these rules on its official website, and the decision enters into force on the date of adoption.
REPUBLIC OF MOLDOVA
NATIONAL COMMISSION OF THE FINANCIAL MARKET
77 Stefan cel Mare si Sfant Blvd, Chisinau, MD 2012, tel: (373 22) 859 401, www.cnpf.md, e-mail: office@cnpf.md DECISION 21 August 2026 No. 42/3 On the issuance of the market operator license, regulated market authorization, and multilateral trading system authorization to the Market Operator "BURSA INTERNAȚIONALĂ A MOLDOVEI" S.A.
Following the examination of the application of the Market Operator "BURSA INTERNAȚIONALĂ A MOLDOVEI" S.A. (registered with the National Commission of the Financial Market (CNPF) on 16.06.2026) regarding the issuance of the market operator license, regulated market authorization, and multilateral trading system authorization, as well as the accompanying documents, presented in full volume on 21.08.2026,
based on Art. 1, Art. 3, Art. 8 lit. c), Art. 18 para. (3), Art. 20 para. (1), para. (6), and Art. 22 para. (3) of Law No. 192/1998 on the National Commission of the Financial Market, Art. 61-64, Art. 73-74, and Art. 140 of Law No. 171/2012 on the capital market, as well as the Regulation on licensing and authorization on the capital market (CNPF Decision No. 56/11/2014), pts. 16, 19, and 21 of the Regulation on the organization and functioning of the CNPF (CNPF Decision No. 57/11/2022),
The National Commission of the Financial Market DECIDES:
An unlimited-term license is issued to the Market Operator "BURSA INTERNAȚIONALĂ A MOLDOVEI" S.A. (IDNO 1025600073907):
1.1. market operator license;
1.2. regulated market authorization;
1.3. multilateral trading system authorization.
The Rules of the regulated market, administered and operated by the Market Operator "BURSA INTERNAȚIONALĂ A MOLDOVEI" S.A. (approved by the Decision of the Board of Directors of the MO "BURSA INTERNAȚIONALĂ A MOLDOVEI" S.A. dated 21.08.2026), are accepted, according to Annex No. 1 to this Decision.
The Rules of the multilateral trading system, administered and operated by the Market Operator "BURSA INTERNAȚIONALĂ A MOLDOVEI" S.A. (approved by the Decision of the Board of Directors of the MO "BURSA INTERNAȚIONALĂ A MOLDOVEI" S.A. dated 21.08.2026), are accepted, according to Annex No. 2 to this Decision.
The Market Operator "BURSA INTERNAȚIONALĂ A MOLDOVEI" S.A. shall publish the Rules of the regulated market and the Rules of the multilateral trading system on its own website.
This Decision enters into force on the date of adoption, is communicated to the recipient in accordance with the legislation, is published in the Official Monitor of the Republic of Moldova and on the official website of the CNPF (www.cnpf.md).
Dumitru BUDIANSCHI,
PRESIDENT
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The documents this one cites, and the documents that cite it.
“Art. 61-64, Art. 73-74, and Art. 140 of Law No. 171/2012 on the capital market”
“based on Art. 1, Art. 3, Art. 8 lit. c), Art. 18 para. (3), Art. 20 para. (1), para. (6), and Art. 22 para. (3) of Law No. 192/1998 on the National Commission of the Financial Market”
“Regulation on licensing and authorization on the capital market (CNPF Decision No. 56/11/2014)”
“pts. 16, 19, and 21 of the Regulation on the organization and functioning of the CNPF (CNPF Decision No. 57/11/2022)”
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