Regulation on Requirements for Members of the Governing Body, Key Position Holders, and Liquidators of Banks

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NATIONAL BANK OF MOLDOVA
D E C I S I O N on the approval of the Regulation on Requirements Regarding the Members of the Governing Body of the Bank, the Financial Holding Company or Mixed Holding, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process No 292 of 29.11.2018 (in force as of 12 December 2018) Official Gazette of the Republic of Moldova No 462-466, Article 1775 of 12 December 2018

REGISTERED:
by the Ministry of Justice of the Republic of Moldova under No 1389 from 6 December 2018 Pursuant to Article 5, paragraph 1, letter d), Article 11, paragraph 1, Article 27, paragraph 1, letter c) and
Article 44, letter a) of Law No 548/1995 on the National Bank of Moldova (republished in the Official Gazette
of the Republic of Moldova, 2015, No 297-300, Article 544, with further amendments, Article 382 of Law No 550/1995 on the liquidation of banks (republished in the Official Gazette of the Republic of Moldova, 2011, No 78-81, Article 199, with further amendments, Article 28, Article 35 paragraph 1, letter d) and e), Article 41,
Article 43, and Article 119 of the Law No 202/2017 (Official Gazette of the Republic of Moldova, 2017, No
434-439, Article 727, with further amendments, the Executive Board of the National Bank of Moldova. [Adoption clause amended by NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021] DECIDED:

To approve the Regulation on Requirements Regarding the Members of the Governing Body of the
Bank, the Financial Holding Company or Mixed Holding, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process, under the
Annex.
To repeal the Regulation on Requirements for Administrators, approved by Decision No 203/2017 of
the Executive Board of the National Bank of Moldova, (Official Gazette of the Republic of Moldova, 2017, No 289-300, Article 1544), registered with the Ministry of Justice of the Republic of Moldova on 4 August 2017 under No 1245.
To examine and settle the applications and documents submitted to the National Bank of Moldova and
those unsettled at the date of entry into force of this decision, in accordance with the provisions of the regulation referred to in paragraph 1, provided that they are completed by the bank within a maximum of 60 days from the date of entry into force of this decision. The application and the documents shall be examined in accordance with the deadlines established in Chapter IV of the regulation referred to in paragraph 1, calculated from the date of completion of the set of documents. If the application and the documents are not completed within the deadline, they shall be returned.
Persons approved/appointed by the National Bank of Moldova until the entry into force of this
Decision for one of the positions mentioned in the regulation referred to in paragraph 1, shall be deemed to be approved/ appointed by the National Bank of Moldova in the mentioned position.
Confirmations/approvals granted by the National Bank of Moldova by the date of entry into force of
this Decision to persons that are not subject to the provisions of paragraph 3 of the regulation referred to in paragraph 1, shall cease to be valid.
Within 60 days from the date of entry into force of this Decision, banks shall identify and notify the
National Bank of Moldova by written letter, the persons who at the date of entry into force of the decision hereto, hold positions that are qualified as key positions according to the provisions of the Regulation referred

2 to in paragraph 1 and for which no confirmation under the conditions of the Regulation indicated in paragraph 2 was required. The assessment for each person identified as a key person by the bank in compliance with paragraph 17, the final conclusions of the bank drawn up in compliance with paragraph 25 and, where appropriate, the measures referred to in paragraphs 23 and 24 of the regulation referred to in paragraph 1, shall be attached to the notification letter. [Paragraph 7 and 8 repealed by the NBM’s Decision No 133 of 25 April 2019, in force as of 3 May 2019]
9. The decision hereto shall enter into force on the date of its publication in the Official Gazette of the
Republic of Moldova.
CHAIRMAN
OF THE EXECUTIVE BOARD
OF THE NATIONAL BANK OF MOLDOVA Sergiu CIOCLEA No 292 Chișinău, 29 November 2018

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Annex
to the Decision of the Executive Board of the National Bank of Moldova No 292 of 29 November 2018 Note: Throughout the text of the Regulation, except for paragraph 2, the words "on the activity of banks" are excluded in accordance with NBM’s Decision No 218 of 25 September 2025, in force as of 02 November 2025 REGULATION on Requirements Regarding the Members of the Governing Body of the Bank, the Financial Holding Company or Mixed Holding, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process
Chapter I
GENERAL PROVISIONS

The Regulation hereto shall set the compliance criteria, the assessment conditions, the necessary
documents and the manner of approval or appointment of the persons nominated as members of the governing body of the bank, a member of the governing body of a financial holding or of a mixed financial holding, the persons who manage the branch of a bank from another state, which operates on the territory of the Republic of Moldova (hereinafter - the head of the branch of a bank from another state), the persons holding key positions, the liquidator of the bank in liquidation process.
Definitions and terms applied in this Regulation shall have the meaning of definitions and terms used
in the Law No 202/2017 on the Activity of Banks (hereinafter referred to as Law No 202/2017), the Law No 142/2005 on the Approval of the Nomenclature of Vocational Training Fields and the Specialties for the Staff Training in Higher Education Institutions, cycle I (Official Gazette of the Republic of Moldova, 2005, No101- 103, Article 476). [Paragraph 2 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
The provisions of the Regulation hereto apply to the following entities:
(1) members of the governing body of the bank:
a) members of the council of the bank, b) members of the executive body of the bank, including the head of the executive body of the bank, (2) members of the governing body of a financial holding or mixed financial holding, (3) the head of a branch of the bank from another state, (4) persons holding key positions:
a) the chief accountant, chief financial officer of the bank / branch of the bank from another state, b) managers of the structures in charge with the lending activity by main lending sectors defined by the bank and reporting directly to a member of the executive body, c) the head of the internal audit position, d) the manager of the risk management position, e) the head of the compliance position, f) directors of the largest branches of the bank, delegated by the bank in compliance with paragraph 6, g) the head of the structure in charge of treasury related activities, reporting directly to a member of the executive body, h) managers on information technology, procurement and logistics, retail activities other than lending (cards, online products), attraction or placement of funds, as well as other areas related to the conduct of activities permitted to the bank, reporting directly to a member of the executive body, depending on the decision of the bank, provided that the position offers to the respective persons significant influence on the orientation of the bank according to the assessment carried out in compliance with paragraph 5, (5) the liquidator of the bank in liquidation process. [Paragraph 3 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 1 supplemented by the NBM’s Decision No 3 of 4 Januay 2024, in force as of 25 January 2024]

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4. Under paragraph 3 item (2), the requirements on the members of the governing body of the bank, set
out in this Regulation shall also apply to members of the governing body of a financial holding or mixed holding.
5. Under paragraph 3, sub-paragraph (4), letter h), banks will consider the following in their assessment:
whether the position is important for the proper functioning of the bank, given its risk profile and business model, whether the position involves material or complex risks as part of its activities, if the position needs a difficult task to replace, or if any failure in the operation or effectiveness of the function may seriously damage the interests of the bank.
6. Under paragraph 3, sub-paragraph (4), letter f), the largest branches shall be deemed to be those which
cumulatively meet the following requirements:
a) the assets of the branch on 31 December in the reporting year amount more than 10% of the total assets of the bank; b) the position confers on those persons significant influence over the bank's direction as assessed in accordance with paragraph 5. [Paragraph 6 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
7. If the largest branch of a bank is a branch which manager does not have the approval of the National
Bank of Moldova, the bank shall, within 30 days from the date of the finding, submit to the National Bank of Moldova the request and the documents to obtain the required approval. Until the approval of the respective person by the National Bank of Moldova, the administration of the branch shall be carried out by the head of the respective branch, on condition of intensive supervision on behalf of the executive body.
8. The person nominated for one of the positions referred to in paragraph 3, except those mentioned in
paragraph 3, sub-paragraph (2), shall start the exercise of their function only after the approval/ appointment by the National Bank of Moldova. The National Bank of Moldova shall assess the compliance of the persons referred to in paragraph 3, in the cases referred to in paragraph 14, and in accordance with the assessment criteria laid down in Chapter III. [Paragraph 8 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
9. The persons mentioned in paragraph 3, sub-paragraph (2), shall be notified to the National Bank of
Moldova after their appointment. The notification shall be submitted no later than 10 business days from the date of appointment and shall be accompanied by the decision of the competent authority of the financial holding or mixed financial holding, on the assessment made by those companies in compliance with paragraph 17, regarding the compliance of the person with the requirements set in this regulation for the mentioned position, which shall include the elements specified in paragraph 25, and the questionnaire completed by that person in accordance with Annex 1.
10. The person who is appointed / selected as a member of the governing body and is nominated
simultaneously or subsequently for one of the positions referred to in paragraph 3, sub-paragraph (4), shall additionally receive the approval for a new position, where the combination of positions requires different competencies. 101 . A person who is appointed as a member of the executive body of the bank or performs this function and is promoted concurrently or subsequently to the position of head of the executive body of the bank shall additionally obtain approval for this position in conditions of this Regulation. [Paragraph 101 introduced by the NBM’s Decision No 3 of 4 January 2024, in force as of 25 January 2024]
11. Without prejudice to the provisions of paragraph 101
, the person who performs one of the positions referred to in paragraph 3, and who is nominated in the same bank/branch of the bank from another state, in another position referred to in paragraph 3, but with similar responsibilities, does not require repeated approval and shall be approved from the date of appointment. [Paragraph 11 in the wording by the NBM’s Decision No 3 of 4 January 2024, in force as of 25 January 2024]
12. At least one of the members of the council of the bank, one of the members of the executive body or
one of the directors of the branch from another state, must be proficient in the Romanian language.

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13. Each member of the governing body shall think independently and devote sufficient time to
performing their duties, regardless of the nature, extent and complexity of the bank’s activity. For this purpose, the bank shall establish if the respective persons have the necessary behavioral skills, and there are no conflicts of interest that might impede their capacity to fulfill their duties in an independent and objective manner. [Paragraph 13 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 13 in the wording by the NBM’s Decision No 133 of 25 April 2019, in force as of 3 May 2019]
14. The assessment of compliance of persons nominated for one of the positions referred to in paragraph
3 shall be carried out in the following conditions:
(1) within the application for licensing a bank/branch of a bank from another state, (2) within the assignment/appointment of a person to the position referred to in paragraph 3, except the cases referred to in paragraph 11, (3) assigning new duties to the approved person.
15. The person who has been appointed by the National Bank of Moldova as liquidator of the bank in
liquidation process within 12 months from the date of his/her resignation/recall, may be appointed by the National Bank of Moldova as liquidator of the bank in liquidation process, without being repeatedly evaluated to comply with the qualification criteria, experience and reputation set out the Regulation hereto, and shall be deemed to be appointed from the issue date of the respective decision/order, provided that the requirements regarding the conflicts of interest set out in Article 382 of the Law No 550/1995 on the liquidation of banks are observed. [Paragraph 15 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
16. The liquidator of the bank in liquidation process, which is appointed by the National Bank of
Moldova, may be appointed in the same position in another bank in liquidation process without repeatedly being evaluated for compliance with the qualification, experience and reputation criteria set out in this Regulation, and shall be deemed to be appointed from the issue date of the decision/order, provided that the requirements regarding the conflicts of interest set out in Article 382 of the Law No 550/1995 on the liquidation of banks are observed. [Paragraph 16 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
Chapter II
ASSESSMENT / REASSESSMENT PERFORMED BY THE BANK, ON COMPLIANCE OF PERSONS WHO HOLD KEY POSITIONS AND OF MEMBERS OF THE GOVERNING BODY
Section 1
Assessment / reassessment performed by the bank, on compliance of persons who hold key positions and of members of the governing body
17. The bank has the primary duty for assessing the compliance of a person to be a member of the
governing body or to hold a key position according to the requirements of Law No 202/2017 and of the Regulation hereto. For this purpose, the bank shall assess the reputation, knowledge, skills and experience of the person who is a member of the governing body or holds a key position, the information provided for assessment, as well as the compliance of other requirements provided under the Regulation hereto. In the event of a person being appointed as a member of the governing body, the bank shall assess that person taking into account the provisions of paragraph 13 and Annexes 4 and 5. [Paragraph 17 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 March 2026]
18. The assessment referred to in paragraph 17 shall be carried out before the bank decides on the
appointment or selection of a person in the position of a member of the governing body and / or in a key position, while in the case of a member of the council of the bank - before being examined at the meeting of the council of the bank for the proposal to be included in the agenda of the general meeting of shareholders. [Paragraph 19 repealed by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]

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20. If following the assessment, the bank concludes that a person nominated for the position of member
of the governing body and/or for a key position is not suitable for that position, the respective person shall not be nominated, appointed or selected. 201 . Without prejudice to the assessment carried out by the National Bank of Moldova for supervisory purposes, the bank shall ensure that, in fulfilling the requirements set out in paragraph 17, the members of the governing body and persons in key positions comply at all times with the requirements set out in Article 43 of Law No 202/2017 and the requirements of this Regulation. [Paragraph 201 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
21. The bank shall reassess the compliance of individual members of the governing body and/or of the
persons holding key positions to ensure their continued compliance with the requirements of the Regulation hereto. That reassessment shall be conducted at least at the appointment or selection of the person for a new term or in one of the following cases:
(1) in case there is doubt related to the compliance of the members of the governing body and/or of the persons holding key positions, (2) in case of an event with a significant impact on the reputation of a member of the governing body or a person holding key positions and the image of the bank, including cases where the mentioned persons do not comply with the policy of the bank on conflict of interest or in any other case, which may affect the compliance of the member of the governing body and/or the person holding key positions. (3) as part of the review of the management framework by the governing body; (4) where there are reasonable grounds to suspect that the member of the governing body or key position holder has committed an offense or attempted money laundering or terrorist financing, or that there is an increased risk of such offenses or attempts being committed in connection with the bank, in particular in cases where the available information reveals that the bank:
a) has not implemented adequate internal control or monitoring mechanisms to monitor and mitigate the risks associated with money laundering or terrorist financing (identified by supervisory findings resulting from on-site or off-site inspections); or b) is in breach of its obligations relating to the prevention of money laundering or terrorist financing; or c) has significantly changed its field of activity or business model in a way that suggests that its exposure to the risks associated with money laundering or terrorist financing has increased considerably; (5) where there are other circumstances that may significantly affect the suitability of the member of the governing body and/or the person who holds key positions. [Paragraph 21 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
22. The banks shall assess whether the member of the governing body spends enough time to carry out
his/ her duties, including when he/she takes an additional mandate or as a result of being assigning new duties for the exercise of respective function. In the course of the respective assessment, the bank shall examine if taking a new mandate can negatively affect the exercise of duties which the respective person is already carrying out at the bank.
23. If following the reassessment under this Regulation, the bank concludes that a person is no longer
suitable for the performed position and that other requirements of this Regulation are not observed, the bank shall take appropriate actions to solve the case in due time. The bank shall inform without delay the National Bank of Moldova of any inconsistency in the exercise of the position, identified with respect to any member of the governing body and/or any person holding key positions, as well as, on the measures taken or expected to be taken to remediate the situation, as well as the schedule for the implementation of these measures.
24. The measures referred to in paragraph 23 shall be selected according to the certain circumstances of
the case and shall include at least one of the following:
(1) replacement of members of the governing body and/or of persons holding key positions, (2) training and/or training of members of the governing body and/or of persons holding key positions, (3) measures for conflict-of-interest settlement.

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241
. Should the National Bank of Moldova consider that the measures taken by the bank are insufficient, it may recommend that the bank take other measures that it deems necessary to remedy the situation referred to in paragraph 23. [Paragraph 241 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
25. The assessment/reassessment shall include both the final conclusion on the compliance of the person
with the criteria set out in Article 43 of Law No 202/2017 and the requirements of the Regulation hereto, and the details of the outcome of any assessment, reasons and professional reasons of the bank regarding the reputation of the person, the level of compliance of requirements on knowledge, skills and experience, separately, for each assessed aspect.
26. The assessment/reassessment must be approved by the committee for appointments or, where
appropriate, by the council of the bank and signed by the chairman of the committee for appointments/council of the bank.
Section 2
Collective compliance requirements of the governing body
27. The members of the governing body shall collectively have knowledge, skills and experience
relevant to the activities of the bank, including their main risks, and be fully informed about the issues on which they are required to decide according to their competencies. They also shall have their points of view in order to ensure an efficient dialogue on the subjects to be decided within the governing body. In the event of the bank's board, compliance with the requirement set forth in Article 41 paragraph 5 of Law No 202/2017 must be ensured. [Paragraph 27 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
28. According to paragraph 27, the governing body of the bank shall have the power to effectively
manage and supervise the bank, and a sufficient number of members specialized in different fields to ensure a proper collective understanding of those fields for which members are in charge with, including the following:
(1) the activity of the bank and the main related risks, (2) each activity of material importance of the bank, (3) relevant fields of sectoral/financial competence, including financial and capital markets, (4) accounting and financial reporting, (5) risk management, compliance and internal audit, (6) information and security technology, (7) local, regional markets, as appropriate, (8) legal framework and regulatory requirements, (9) leadership skills and experience, (10) strategic planning ability, (11) group management created by different entities, which are part of a national and/or international group, and if necessary, the risks related to the group structure.
Section 3
Assessment/reassessment of collective compliance of the members of the governing body
29. Banks shall be in charge with the assessment/reassessment of the collective compliance of the
governing body.
30. The assessment/reassessment of the collective compliance of the governing body shall be performed
separately for the council of the bank and the executive body. The assessment of the collective compliance shall be carried out considering the criteria set out in Section 2 of the Chapter hereto and the provisions of
Annex 3, as well as the diversity of the governing body as provided for in paragraphs 1114
-1116 of Regulation
No 322/2018.
[Paragraph 30 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 March 2026]
31. During the assessment/reassessment of compliance at individual level of a member of the governing
body, banks shall simultaneously assess the compliance of the governing body at a collective level.

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32. The bank shall assess whether the position takeover of a governing body member by a candidate,
could lead to a situation in which the governing body at the collective level will no longer be compliant. For this purpose, the bank shall assess whether the knowledge, skills and experience of the individual are compliant with the requirements of the governing body at collective level.
33. The bank shall reassess the collective compliance of the members of governing body, by continuous
assessment and their correlation as a whole. The respective reassessment shall be carried out in at least one of the following cases:
(1) if there is doubt on the collective compliance of the members of the governing body, (2) as part of revision of activity management framework, (3) when there is a significant change in the bank's business model, risk appetite, or risk management strategy, or in the structure at the individual or group level; (4) if there are reasonable grounds to suspect that members of the governing body have committed an offense or attempted money laundering or terrorist financing, or that there is an increased risk of such offenses or attempts being committed in connection with the bank, in particular in cases where the available information indicates that the bank:
a) has not implemented adequate internal control or supervisory mechanisms to monitor and mitigate the risks associated with money laundering or terrorist financing (identified by supervisory findings resulting from on-site or off-site inspections); or b) is in breach of its obligations relating to the prevention of money laundering or terrorist financing; or c) has significantly changed its field of activity or business model in a way that suggests that its exposure to the risks associated with money laundering or terrorist financing has increased considerably; (5) in any other case that may significantly affect the collective suitability of the governing body. [Paragraph 33 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 02 November 2025]
34. Notwithstanding the provisions of paragraph 33, banks shall reassess the members of the governing
body at least every two years, except for systemically important banks that will carry out the reassessment at least once a year. 341 . In reassessing suitability at the collective level, the bank will focus on assessing relevant changes in its economic activities, risk management strategies, and risk profile, as well as the distribution of tasks within the governing body, taking into account the knowledge, skills, and experience of the governing body required at the collective level. [Paragraph 341 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
35. If following the reassessment performed in accordance with paragraphs 33 - 341
, the bank concludes that the governing body is not collectively suitable, it shall take the necessary steps to mitigate the situation in a timely manner. The bank shall imediately notify the National Bank of Moldova on any discrepancy of the governing body at collective level, as well as, on the measures taken or planned to mitigate the situation and the schedule for their implementation. [Paragraph 35 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
36. The measures set out in paragraph 35 are selected according to the concrete circumstances of the
case and shall include at least one of the following:
(1) redeployment of tasks between the members of the governing body, (2) training for the governing body to ensure the individual and collective compliance of the governing body, (3) replacement of some members of the governing body, (4) measures to mitigate conflicts of interest. 361 . If the National Bank of Moldova considers that the measures taken by the bank are insufficient, it may recommend that the bank take other measures that it considers necessary to remedy the situation referred to in paragraph 35. [Paragraph 361 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]

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37. The collective assessment/reassessment shall be approved either by the committee for appointments
or, if appropriate, by the council of the bank and signed in accordance with paragraph 26. [Paragraph 37 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
38. Collective assessment/reassessment shall include both the final conclusion on the compliance of the
governing body of the bank with the requirements set out in Article 43 of Law No 202/2017 and Article 41 paragraph (5) of Law No 202/2017, in the case of the bank's board, as well as the present Regulation, and details of the outcome of any valuation, separately for each evaluated subject, the professional reasons and arguments of the bank regarding compliance at collective level, in terms of knowledge, skills and experience. The assessment/reassessment at collective level shall also include information on the areas of responsibility of each member of the current governing body and, where applicable, of the person appointed as a member of the bank's governing body. [Paragraph 38 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
Chapter III
THE ASSESSMENT CRITERIA OF THE PERSON NOMINATED FOR MEMBERSHIP OF THE GOVERNING BODY, OF THE PERSON WHO SHALL ENSURE THE MANAGEMENT OF A BRANCH OF A BANK FROM ANOTHER STATE, OF THE PERSON NOMINATED FOR A KEY POSITION OR THE POSITION OF LIQUIDATOR
39. The persons referred to in paragraph 3, regardless of the position they are nominated to, must have a
good reputation, knowledge, abilities and relevant experience according to the type, scale and complexity of the activity of the bank and related delegated responsibilities. In the case of persons appointed to the position of member of the governing body, they must also have the ability to act independently and allocate sufficient time to perform their duties. [Paragraph 39 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
40. The National Bank of Moldova shall carry out the individual assessment of each person nominated
for the position referred to in paragraph 3 except for those referred to in paragraph 3, sub-paragraph (2) and shall ascertain whether it meets the requirements set out in paragraph 39, including the primary level of collective compliance of the governing body, by applying the reasons according to the available information related to the assessment criteria, and taking into account any other relevant circumstances. In the assessment process, the National Bank of Moldova can use the information it already holds, as well as, other sources of information, including those from other state authorities or from abroad.
41. A person nominated for the position of liquidator of a bank in liquidation process, in addition to the
requirements set out in this Regulation, must comply with the requirements of Article 382 of the Law on the liquidation of banks. [Paragraph 41 in the wording by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
42. The candidate should be deemed to be of good repute if there are no objective and demonstrable
grounds to suggest otherwise, in particular considering the relevant available information on the circumstances and/or situations referred to in paragraphs 43 and 45. The National Bank of Moldova shall take into account the cumulative effects of several situations and/or circumstances which, when examined separately, do not affect the reputation of the person, but which, when taken together, may have a significant impact on it. [Paragraph 42 in the wording by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 42 in the wording by the NBM’s Decision No 275 of 29 December 2022, in force as of 13 January 2023]
43. For the purpose of assessing reputation, at least the following circumstances and/or situations from
the last 10 years shall be examined, to the extent that they are relevant:
(1) convictions or being under criminal investigation, in particular for crimes against property, economic crimes, including crimes provided for by legislation on the prevention and combating of money laundering and terrorist financing, corruption crimes, offenses in the public sphere, against justice, against public security and public order, computer crimes, and crimes in the field of electronic communications;

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(2) relevant findings and measures, current or past, adopted by a regulatory or professional body for noncompliance with any relevant provisions governing activities carried out on financial and capital markets. [Paragraph 43 in the wording by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 44 repealed by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
45. For the assessment of the person nominated for the position referred to in paragraph 3 according to
the reputation criterion, account shall be taken, as far as relevant, of at least the following situations or circumstances over the past 10 years including if the given person during this period obtained / held the approval / confirmation / appointment / permission to perform one of the functions mentioned in point 3, by virtue of a normative act or a permissive act, issued by the National Bank of Moldova / a supervisory authority of the financial sector:
(1) the existence of evidence that the person was not transparent, open and cooperative with the supervisory authorities of the financial sector of the Republic of Moldova or abroad, (2) the person was denied authorization (approval, permission, confirmation) by a supervisory authority of the financial sector of the Republic of Moldova or abroad, (3) the person exercised, without the authorization of the authority referred to in sub-paragraph (2), a position for which it is mandatory to obtain such authorization, under the applicable legal provisions, (4) for the exercise of position referred to in paragraph 3 or a similar position within a legal entity or a branch thereof, which is subject to supervision by a competent authority in the financial sector in the Republic of Moldova or abroad,, the person failed to perform his/her duties, or participated in the adoption and/or application of decisions on its activity which sought to satisfy individual or group interests, which were against the respective legal entity, [Sub-paragraph (5) repealed by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] (6) the legal entity where the person acts or acted as a member of the council or the executive board of the bank, performs or performed supervision, records and/or recorded negative financial performance that is not caused by fair or external factors, considering, in particular, the procedures for reorganization, insolvency and liquidation, if the person caused the situation which led to these proceedings, (7) the legal entity or its branch, which is under supervision of a supervisory authority of the financial sector from the Republic of Moldova or from abroad, within which the person acts or acted as a member of the council and/or a member of the executive board or where he/she has or had a qualified holding in the capital, is/has been in one of the following situations:
a) is subject to sanctions and/or sanctioning measures, and/or b) resolution measures are/have been implemented by the resolution authority, (8) the existence of civil proceedings, administrative or criminal proceedings, compromised investments or large exposures, withdrawn loans, expired liabilities, if they have had a significant negative impact on the financial background of the person referred to in paragraph 3 or (in an association), or the legal entity where it is a member of the governing body, (9) the existence of internal audit reports containing conclusions regarding the improper activity of the nominated person and/or external audit reports within legal entities or their branches that are under the supervision of a competent authority in the financial sector in the Republic of Moldova or abroad; (10) the person has been held liable for financial and administrative issues at previous workplaces within legal entities or their branches that are supervised by a competent authority in the financial sector in the Republic of Moldova or abroad, documented by:
a) application of disciplinary sanctions to such person, if their validity term is in force, b) application of penalties by an authority, in the form of a fine or deprivation of the right to hold a certain position, or to carry out a specific activity or in the form of a contravention order, with the obligation to remediate the material damage, (11) the approval of a person to exercise one of the positions mentioned in paragraph 3 has been withdrawan by the National Bank of Moldova, or by another supervisory authority of the financial sector of the Republic of Moldova and/or abroad. [Paragraph 45 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]

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[Paragraph 45 supplemented by the NBM’s Decision No 275 of 29 December 2022, in force as of 13 January 2023] 451 . In order to establish relevance in accordance with paragraphs 43 and 45, the following elements may be taken into account: the type of conviction, the role of the person involved, the penalty imposed, the stage of the judicial proceedings, the time elapsed since the offense was committed, conduct after the offense was committed, mitigating factors, and the seriousness of the relevant offense. [Paragraph 451 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] 452 . When assessing the adequacy of knowledge, skills, and experience, at least the following shall be taken into account:
(1) the role, duties of the position, and necessary capabilities; (2) knowledge and skills acquired through education, training, and practice; (3) practical and professional experience acquired in previous positions; and (4) the knowledge and skills acquired and demonstrated through the professional conduct of the person nominated. [Paragraph 452 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
46. The person referred to in paragraph 3 shall be deemed to have appropriate knowledge of the type,
scale and complexity of the activity of the bank and of the delegated related responsibilities, to ensure appropriate and vigilant bank management, if he/she has at least a higher education degree in economics, law or exact science (including accounting, marketing and logistics, business and administration, finance and banking, world economics and international economic relations, economics and economic forecasting, cybernetics and economic informatics, merceology and commerce, physics, mathematics, engineering, IT), as well as initiation, where appropriate, training, through the initiation and training program, relevant to the position, in accordance with the requirements set out in points 1118 -11115 of Regulation No 322/2018, that will be taken into account during the assessment, according to the relevance for the position to which the person is nominated, as follows:
(1) for the position of member of the council - higher education degree in any field, provided that the majority of members have higher education degrees in economics, exact sciences and/or law, (2) for the positions of a member of the executive body, head of the branch of a bank from another state - higher education degree in economics, exact sciences or in law, provided that most members have higher education in economics, (3) for the positions of head of the largest branches of the bank, liquidator of the bank in liquidation - higher education degree in the field of economic sciences, exact sciences or law, (4) for the position of head of internal audit section - higher education degree in economics and/or audit, (5) for the position of chief accountant of the bank, chief financial officer of the bank, chief accountant of the branch of bank from another state - higher education degree in economic sciences, with participations in training and/or training courses in the field of accounting. (6) for the positions of head of structures in charge with lending, treasury, and for the position of risk manager - higher education degree in economics and/or science, (7) for the position of head of compliance - higher education degree in the field of economics and/or law, (8) for the positions referred to in paragraph 3, paragraph 4, letter h) - higher education degree in the relevant field where the person is nominated. [Paragraph 46 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 March 2026]
47. If the person referred to in paragraph 3 has a higher education degree in fields other than the one
required for the person to act in the nominated position, but has experience of at least two years, the experience requirement set out in paragraph 49 related to the position for which the person is nominated, the person will be deemed to have relevant cognitive background.
48. For the purpose of paragraph 46, studies with a duration of at least 6 months are accepted in the field
of economic sciences at international organizations, multilateral development banks or international financial and banking institutions and/or generally accepted international qualifications in economics or studies in other

12 areas, if such knowledge is relevant to the position to be held, or to the delegated responsibilities related to the bank, provided that the person concerned holds a higher education degree in any field. 481 . The member of the governing body identified as responsible for ensuring that the bank's policies and procedures comply with legal requirements regarding the prevention and combating of money laundering and terrorist financing must have knowledge and experience of policies, control mechanisms, and procedures for combating money laundering and terrorist financing, as well as identifying and assessing the risks associated with money laundering or terrorist financing. The person must demonstrate a good understanding of the extent to which the bank's business model is exposed to the risks associated with money laundering or terrorist financing. [Paragraph 481 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] 482 . When assessing the skills of a member of the bank's governing body or a person holding a key position, the bank shall take into account the list of relevant skills set out in Annex 2, considering the duties that the person will perform. [Paragraph 482 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] 483 . When assessing independent thinking, the bank shall take into account at least the requirements set out in paragraph 83 of Regulation No 322/2018 and Annex 4. [Paragraph 483 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 March 2026] 484 . When assessing whether the person nominated as a member of the governing body has sufficient time to perform their duties, the bank shall take into account, at least, the provisions set out in Article 43 paragraphs (10) to (14) of Law No 202/2017, paragraph 84 of Regulation No 322/2018 and Annex 5. [Paragraph 484 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 March 2026]
49. For the experience criterion, the person nominated for the position referred to in paragraph 3, shall
have 10 years of experience relevant to the type, scale and complexity of the business of the bank and the delegated duties, in order to ensure an appropiate and vigilant management of the bank, taking into account the previous positions and the duration of their exercise, the held duties, the number of subordinates, the type and complexity of the activities that will be taken into account during the assessment of the person according to this criterion, depending on the relevance of the experience acquired for the position, as follows:
(1) for the position of member of the council of the bank – overall experience of at least three years, in one of the positions mentioned in paragraph 3 and/or in positions similar to those mentioned in paragraph 3 and/or in academic positions (teaching personnel) in economics or law, (2) for members of the executive body, head of the branch of the bank from another state - experience of at least 5 years in the field of financial activities and/or audit for financial sector entities, of which at least 3 years acting as chief or deputy head of subdivision within a bank and/or as a member of the executive body, or similar positions in financial sector entities and/or audit firms, (2 1 ) for the position of head of the executive body - experience of at least 6 years in the field of financial activities, of which at least 4 years as head of a subdivision and/or as a member of the executive body of a bank, (3) for the position of head of the largest branches of the bank - at least 3 years of experience in financial activities within financial sector entities, of which 2 years as head or deputy head of a management subdivision and/or management experience, (4) for the position of head of internal audit - at least 3 years experience in the field of auditing, performance of internal supervision duties, management of financial processes, performance of control procedures and/or drawing up financial statements in financial sector entities, of which 2 years as the head or deputy head of a subdivision engaged in such activities and/or management experience, (5) for the position of chief accountant of the bank, chief financial officer of the bank, chief accountant of the branch of a bank from another state - at least 3 years of experience in the field of audit, accounting and/or financial statements, of which 2 years as head or deputy head of a subdivision engaged in such management activities and/or management experience,

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(6) for the position of liquidator of a bank in liquidation process - at least 5 years of experience in financial sector entities, or at least 3 years in supervisory authorities of the financial sector, or at least 5 years of overall experience in financial sector entities and supervisory authorities of the financial sector, of which, at least one year in the banking sector, (7) for the positions of head of the structures in charge with the lending activity - at least 3 years experience in the relevant field for the nominated position, of which at least 2 years as head or deputy head of a subdivision within a financial sector entity, (8) for the position of head of risks management - at least 3 years experience in a financial sector entity, in a relevant area of the nominated position, of which at least 2 years as head or deputy head of a management subdivision and/or management experience, (9) for the position of head of the structure in charge with the treasury activity - at least 3 years experience in the relevant field of the nominated position, (10) for the position of head of compliance - at least 3 years experience in the financial, legal and/or audit field within a financial sector entity, (11) for the positions referred to in paragraph 3, paragraph 4, letter h) - at least 3 years experience in the relevant field. [Paragraph 49 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 49 supplemented by the NBM’s Decision No 3 of 4 January 2024, in force as of 25 January 2024]
50. The person nominated for the position of member in a governing body must prove a good
understanding of the activity of the bank and the related risks, including knowledge of the areas for which the respective person shall not individually carry out the duties, but will have duties shared with other members of the council or executive board.
51. Most members of the council of the bank must have at least 3 years of experience in one of the
mentioned positions in paragraph 3, or in positions similar to those in the financial sector entities.
52. Most members of the executive board of the bank shall have at least 5 years of experience in the field
of banking activities.
53. If the person selected for the position referred to in paragraph 3 is qualified as a politically prone
person, he/she must submit a written statement that in capacity of his/her duties he/she will not cause material or image damage to the bank. Politically prone persons shall be identified according to the law for prevention and combating money laundering and terrorist financing.
54. The National Bank of Moldova shall evaluate the knowledge, skills and experience of the person for
the nominated position referred to in paragraph 3, and assignment of due time, by the members of the governing body, to carry out their duties, by considering the type, extent and complexity of the bank activity and the delegated duties, taking into account whether the bank is part of a financial group, as well as, the type and complexity of products, contracts and financial tools of the bank.
55. For the purposes of this chapter, by positions similar to those mentioned in paragraph 3/management
experience is meant positions/experience that involve management of employees, budgets or processes.
Chapter IV
PROCEDURE FOR THE APPROVAL / APPOINTMENT OF THE PERSON
Section 1
Required documents to be submitted for approval/appointment of the candidate
56. In order to obtain the approval of the National Bank of Moldova for the position mentioned in
paragraph 3 sub-items (1), (3) and (4), the bank shall submit to the National Bank of Moldova the following:
(1) the application, signed by the chairman of the council of the bank or by the head of the executive board, (2) the excerpt from the minutes of the meeting of the authorized body of the bank, where the decision on the appointment or the selection of the person in the position mentioned in paragraph 3 sub-items (1), (3) and (4) was adopted, and if the person is selected as member of the council - a confirmed copy of the application of the respective person listed among candidates will be needed, for further voting at the general meeting of shareholders,

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(3) a copy of the document, approved by the council of the bank or the executive board, or an excerpt, which sets out the functional obligations of the person, with a detailed description of the duties, rights and responsibilities that they will fulfill in their subsequent work, (4) the assessment conducted by the bank, according to paragraph 17, approved by the appointment board or, as the case may be, by the council of the bank and signed as set out in paragraph 26, (5) if a person is nominated as a member of the governing body, the assessment of the collective compliance of the executive body or, where applicable, of the council of the bank, including also the person nominated for the position of member of the governing body in the assessment. The assessment shall be performed according to paragraph 30, approved by the committee for appointments or, as the case may be, by the council of the bank and signed as set out in paragraph 26, (6) the questionnaire completed and signed by the person concerned, in compliance with Annex 1, which signature shall be authenticated by notary, (6 1 ) curriculum vitae of the person, dated and signed by him/her, (7) the copy of the identity card of person, confirmed by the bank, (8) a copy, certified by the bank, of the documents attesting to the studies required by this Regulation: a copy of the diploma or other document attesting to the studies (containing the profile or title obtained (qualification)) as well as a copy of the documents attesting to the initiation/training/professional instruction, (9) a copy of the document confirming the person's work experience, certified by the bank, where applicable, reference letters necessary to verify that the person meets the experience criterion, (10) the document certifying that the person has no criminal record:
a) in the case of a resident of the Republic of Moldova, the criminal record certificate for the individual issued by the competent authorities of the Republic of Moldova valid on the date of filing the application and, where appropriate, the documents issued to the individual by the competent authorities of the country (s) where the legal entity performs its activities under the supervision of the individual, and/or the country/countries, where the person resides for other reasons for more than 90 days, and/or has his/her domicile, drawn up in no more than 90 days, prior to the date of submitting the application, authenticated according to the law in force, b) in the case of a non-resident – the respective document issued by the competent authorities of his/her residence country and, where appropriate, the documents issued to the individual by the competent authorities of the country/countries in which legal entities, under the control of the individual, carry out their activities, and/ or the country where the individual resides for more than 90 days, and/or has his/her domicile, drawn up within 90 days prior to the date of submitting the application, authenticated according to the law in force, (11) documents regarding the absence or existence of debts to the national public budget:
a) in the case of a resident of the Republic of Moldova - the documents regarding the absence or existence of arrears to the public budget of the country (s) under the control of the individual, carry out their activity, issued by the competent authorities of the respective country(s), drawn up within 90 days prior to the date of submission of the application, authenticated according to the law in force, b) in the case of a non-resident - the documents issued to the individual regarding the absence or existence of arrears to the public budget of his/her residence country (s), and documents regarding the absence or existence of arrears to the public budget of the country (s) where the legal entities which are under the control of an individual, carry out their activity, issued by the competent authority of the respective countries, drawn up within 90 days prior to the date of submission of the application, certified according to the law in force, (12) the copy, certified by the person, of the auditor's report on the financial statements (with the financial statements attached) of the legal entity or its branch that is supervised by a competent authority in the financial sector in the Republic of Moldova or abroad, in which the person is a member of the council, the executive board and/or performs control, for the last 2 years of the period of exercise. If the person holds positions in the parent company level and/or performs control over the parent company, copies of the auditor's reports on the compiled financial statements will be submitted by attachment. If the audit of the annual financial reports is not mandatory under the applicable law, a written statement on the person's own responsibility, specifying the legal basis, which exempts the legal entity from audit, as well as the copies of the authenticated financial statements by the nominated person.

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If the auditor's report on the audited financial statements of the legal entity is publicly available, the electronic access link (s) shall be provided to the report and to the respective financial statements. [Paragraph 56 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 56 amended by the NBM’s Decision No 3 of 4 January 2024, in force as of 25 January 2024] [Paragraph 56 amended by NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021] 561 . The approval of the National Bank of Moldova, in the context of point 56, is requested by submitting the application, the information documents, according to the present regulation, on paper or in electronic format in the manner provided in points 611

617
.
[Paragraph 561 introduced by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021] 562 . The National Bank of Moldova shall have the right to access any information necessary to carry out the assessment provided for in this Regulation, through the interoperability platform or from other available sources, including information on the absence or existence of arrears to the national public budget in the case of residents of the Republic of Moldova. [Paragraph 562 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]

In order to obtain the approval of the National Bank of Moldova for the position of head of the
branch of a bank from another state, the authorized body of the foreign bank, shall submit the documents listed in paragraph 56, in the manner set out in paragraph 561 . [Paragraph 57 supplemented by the NBM’s Decision No 54 of 1 April 2021 of the, in force as of 16 May 2021] 571 . If a member of the executive body of a bank within 12 months of being approved in that capacity is appointed to the position of head of the executive body of the same bank, for approval in the latter position, the bank shall, with reference to that person, submit the documents referred to in paragraph 56 sub-items (1) - (4), (61 ) and (10). [Paragraph 571 introduced by the NBM’s Decision No 3 of 4 January 2024 of the, in force as of 25 January 2024]
For the appointment of the person in the position of liquidator of the bank in liquidation process, the
person shall sign and submit to the National Bank of Moldova, on paper, the documents referred to in paragraph 56, sub-paragraph (1), (6) to (8), (10) and (11) and the following documents:
(1) the statement of his/her personal and business interests, as well as, his/her financial relations, of the spouses and children, including:
a) the debt to the bank in liquidation, the activity in that bank or the bank’s ownership, b) on the financial, business or individual relationships with any person who has certain interests towards the bank in liquidation process and its assets, including information about a further employment in the given entity, c) the failure to respect the patrimonial obligations towards the bank in liquidation process or any other bank in the last 5 years, d) possession of property that competes with the real estate of the bank, if the liquidation of the bank involves their assessment, disposal and management, e) other financial and business interests that may affect the impartial performance of the liquidator position wihin the bank in liquidation process. (2) the declaration of no conflict of interest due to personal interests and relations with the National Bank of Moldova, and if such conflict exists - the information about this conflict. [Paragraph 58 revised by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
If the documents to be submitted for the approval/appointment of a person in the position referred to
in paragraph 3, are drafted in a foreign language, they shall be submitted with the translation into Romanian, signed by an authorized translator. [Paragraph 59 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]

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60. The assessment of the suitability of the persons referred to in paragraph 3 may be carried out by the
National Bank of Moldova, including by conducting interviews with such persons. In the case of the persons referred to in paragraph 3 subparagraphs (1), (3) and (4) letters a), c), d) and e) the interviews shall be mandatory. Should, following examination of the documents and information submitted or received during the assessment of the application, it be found that they contain elements leading to the conclusion that the person nominated does not comply with the requirements of the regulatory framework, that person shall not be subject to an interview. The interview shall be carried out in order to:
(1) determine the level of general and special knowledge in the field of banking activity, including the legal framework and regulating documents of the National Bank of Moldova, necessary for the person mentioned in paragraph 3, to fulfill the functional obligations and/or, as the case may be, the level of knowledge in the management of the activity including the internal control mechanisms and the risks associated with the banking business, (2) explain to the person concerned certain aspects of the documents and information submitted to the National Bank of Moldova or obtained by the latter in his own investigations, consultations and assessments which have led to the appearance of some uncertainties or doubts as to the correctness and validity of the documents, and the provided information. [Paragraph 60 supplemented by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 60 amended by the NBM’s Decision No 125 of 29 June 2023, in force as of 20 August 2023] [Paragraph 60 supplemented by the NBM’s Decision No 275 of 29 December 2022, in force as of 13 January 2023]
61. If the set of documents submitted to the National Bank of Moldova is not complete, the the latter will
inform the bank / branch of the bank from another state about the missing documents and / or information and the deadline for their presentation. In case of non-presentation of documents and / or information within the requested term, the National Bank of Moldova will inform the bank / branch of the bank from another state about the termination of the examination of the application. [Paragraph 61 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 61 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
Section 11
Peculiarities of submitting the application in electronic format [Section 11 (Paragraph 611 -617 ) itroduced by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021] 611 . In order to obtain the approval of the person in one of the functions mentioned in paragraph 3 subitems (1), (3) and (4) in electronic format, the bank will submit the application and the necessary set of documents and information according to items 56 and 57, through the WEB portal of the System of the National Bank of Moldova on licensing, authorization and notification (hereinafter NBM WEB portal), according to the procedures provided in the “Guide on the use of the WEB portal of the Information System of the National Bank of Moldova on licensing, authorization and notification, in order to obtain the approval of the NBM of management of the bank, manager of the bank branch of another state, and of the persons holding key positions". [Paragraph 611 introduced by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021] 612 . When submitting the application and the set of documents and information according to point 611 , the person / persons authorized by bailed confirms the correspondence of the documents included in the electronic system with the requirements provided in paragraph 56 by applying the qualified electronic signature according to Law No 124/2022 on Electronic Identification and Trust Services (hereinafter - Law No 124/2022). For the purposes of paragraph 56, sub-items (2), (7), (8) and (9), the application of the electronic signature by the authorized person shall be considered as confirmation by the bank of a copy of the respective document. The authorized person means the natural person (bank employee) who is empowered by an internal document of the bank to submit the application and the necessary set of documents and information in electronic format. The person / persons authorized by the bank are responsible for the correspondence of the data / information filled in the WEB portal of the NBM with those from the set of documents and information

17 held by the bank. The original, as the case may be, the copies of the documents specified in point 56 shall be kept permanently at the bank / branch of the bank from another state. [Paragraph 612 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 612 amended by the NBM’s Decision No 3 of 4 January 2024, in force as of 25 January 2024] [Paragraph 612 amended by the NBM’s Decision No 125 of 29 June 2023, in force as of 20 August 2023] 613 . Without prejudice to the provisions of paragraph 611 , the bank shall additionally submit, on paper, within a maximum of 5 working days from the date of submission of the application specified in paragraph 616 , the following documents:
(1) the documents referred to in paragraph 56 sub-item (1), as well as in sub-items (10) and (11) - only in cases when it is not possible to create/submit them in electronic format with the application of a qualified electronic signature, in accordance with Law No 124/2022, (2) the document mentioned in paragraph 56, sub-item (6) - in the case of persons who do not hold the public key, (3) in case of elaboration of the document mentioned in paragraph 56 sub-item (6) in a foreign language

its translation into Romanian, signed by an authorized translator,
(4) translations of the documents referred to in paragraph 56 sub-items (10) and (11) issued by the competent authorities of other States signed by an authorized translator. [Paragraph 613 amended by the NBM’s Decision No 3 of 4 January 2024, in force as of 25 January 2024] [Paragraph 613 introduced by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021] 614 . For the purposes of paragraph 56, sub-item (6), the questionnaire shall be signed by the person, whose approval is requested, by applying the qualified electronic signature in accordance with Law No 124/2022. [Paragraph 614 amended by the NBM’s Decision No 125 of 29 June 2023 of the NBM, in force as of 20 August 2023] [Paragraph 614 introduced by the NBM’s Decision No 3 of 4 January 2024, in force as of 25 January 2024] 615 . In case of a technical incident, communicated to the National Bank of Moldova through the available technical means, regarding the unavailability of the NBM WEB portal, which cannot be remedied in due time, the submission of applications and sets of documents will be made on paper. [Paragraph 615 introduced by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021] 616 . The date of submission of the application is considered the date of obtaining through the NBM WEB portal its unique number. The examination of the application will begin after the submission of all documents. [Paragraph 616 introduced by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021] 617 . The documents signed and submitted through the WEB portal of the NBM or, as the case may be, on paper, shall be kept at the National Bank of Moldova in electronic format or, as the case may be, on paper. [Paragraph 617 introduced by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
Section 2
Decision on approval/appointment

Within no more than 45 business days from the date of receipt of the application accompanied by all
the documents specified in Section 1 of this Chapter, the National Bank of Moldova shall complete the procedure for resolving it, as the case may be, approve/appoint or refuse to approve/appoint the person for the position referred to in paragraph 3 or terminate the procedure, and inform about its decision, as the case may be, the bank/branch of bank from another state. [Paragraph 62 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 62 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]

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63. The National Bank of Moldova shallnot approve the person nominated for the position of member of
a governing body and terminates the procedure for examining the application in case the takeover by the person, may cause a situation in which the collective governing body will not be compliant anymore. [Paragraph 63 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
64. If amendments were carried out during the examination of the application and of the submitted
documents, the bank/ bank branch in another state shall inform the National Bank of Moldova about this fact and submit the amended related documents. [Paragraph 64 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
65. If the submitted documents or information are not sufficient to establish the person's compliance
with the requirements, regarding the persons mentioned in paragraph 3 and to take the decision on the approval/appointment of the person in the position referred to in paragraph 3, in accordance with this Regulation, the National Bank of Moldova may request additional documents and information, including from other persons, to the extent that such information is necessary to carry out the assessment provided for the Regulation hereto.
66. In the case specified in paragraph 64, or if more time is required to process the information and
documents, the deadline specified in paragraph 62 may be extended for a maximum of 30 working days, with notification to the bank/branch of the bank in another state. If the documents and additional information have not been submitted before the deadline set by the National Bank of Moldova, it terminates the application examination procedure, informing the bank / branch of the bank from another state about its decision within maximum 10 working days from the expiration of the term for completing the set. [Paragraph 66 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025] [Paragraph 66 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
67. The National Bank of Moldova shall terminate the application examination procedure for the
approval/appointment of the person in the position referred to in paragraph 3, if its quality does not comply with the provisions of paragraph 12 and Article 41, paragraph 4 of the Law No 202/2017. [Paragraph 67 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
68. The National Bank of Moldova may approve without assessment the person who, in the last 12
months, has obtained confirmation/approval of a supervisory authority from another state, for a position referred to in paragraph 3, and is nominated for a position referred to in paragraph 3 with similar responsibilities, in a bank from the Republic of Moldova. Approval may be granted provided that, the supervisory authority concerned is from a state which regulatory prudential framework is equivalent to that laid down by the Law 202/2017 and the regulations issued for its application, after the National Bank of Moldova shall obtain the required information for assessment from the supervisory authority. [Paragraph 68 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]
69. The National Bank of Moldova shall reject the approval/appointment of the person nominated for the
position referred to in paragraph 3, indicating the reasons for the rejection if:
a) as a result of the assessment of all circumstances and information held by the National Bank of Moldova related to the reputation, knowledge, experience, and skills of the person, also taking into account the results of the interviews conducted in accordance with paragraph 60, the NBM concludes that the requirements for compliance at individual and/or collective level, provided by the Law No 202/2017 and the Regulation hereto, are not met, and/or b) false information was provided. [Paragraph 69 supplemented by the NBM’s Decision No 125 of 29 June 2023, in force as of 20 August 2023]
Chapter V
INFORMATION AND REPORTING

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70. The bank/branch of the bank from another state shall inform the National Bank of Moldova in no
later than 5 business days about any termination/suspension of the employment relationship or mandate, indicating the legal basis and/or any transfer of the person mentioned in paragraph 3, by providing the reasons. In the case of the member of the executive board and the chief accountant of the bank, the aforementioned information must be completed within a maximum of 2 business days. The bank/branch of the bank from another state shall notify the National Bank of Moldova in written form, no later than 5 business days about the appointment of a person in another position referred to in paragraph 3, approved by the National Bank of Moldova, for which an additional approval under this Regulation is not necessary. The notification shall include the decision of the governing body empowered to appoint or select the person, as well as the reasons for the change. [Paragraph 70 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
71. The bank/branch of the bank from another state shall notify the National Bank of Moldova in no later
than 5 business days about the start of duties by the persons mentioned in paragraph 3, except for the members of the council of the bank and the members of the governing body of a financial holding. [Paragraph 71 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
72. The bank/branch of the bank from another state shall submit to the National Bank of Moldova the list
of persons mentioned in paragraph 3, in compliance with the requirements of the regulatory acts of the National Bank of Moldova on reporting for prudential purposes.
73. The bank/branch of the bank from another state shall notify the National Bank of Moldova in no later
than 5 business days after the competent governing body has become aware of the information on the termination of compliance of the persons referred to in paragraph 3 with the requirements of this Regulation. 731 . The information of the National Bank of Moldova provided in points 70, 71 and 73 shall be made on paper or in electronic format through the NBM web portal, in accordance with the guide mentioned in point 611 . [Paragraph 731 amended by the NBM’s Decision No 54 of 1 April 2021, in force as of 16 May 2021]
Chapter VI
VALIDITY OF APPROVAL OF PERSONS
BY THE NATIONAL BANK OF MOLDOVA
74. The approval of the persons referred to in paragraph 3 shall be valid from the date of issue of the
approval or from another date provided in the approval, granting the right to exercise the respective position.
75. The approval of the person referred to in paragraph 3 shall cease to be valid in the following cases:
(1) transfer of the person to another position, except in the cases provided for in paragraph 11, (2) transfer of the person to another position, which does not require the approval of the National Bank of Moldova, (3) termination of the employment contract, employment term, except for the repeated selection of the person in the the same bank and the same position, including as a result of the appointment of the temporary administrative manager or the special one, according to the law on the recovery and resolution of the bank, (4) withdrawal of confirmation/approval by the National Bank of Moldova, (5) start of the liquidation process of the bank.

20
Annex No 1
to the Regulation on Requirements Regarding the Members of the Governing Body of the Bank, the Financial Holding Company or Mixed Holding, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process Questionnaire on the assessment of compliance of the person for the position of ___________________________________________ (one of the positions for which the person is nominated/appointed/selected shall be indicated) The person targeted by the questionnaire hereto is expected to respond honestly to the questions and provide all relevant and meaningful information he/she holds, in order to ensure an objective and accurate assessment. The answers to the questions below will cover all elements related to the person's stauts, both in the Republic of Moldova and abroad. Additional space can be used for the necessary clarifications on any question in the questionnaire hereto. Bank data Personal data Name of the bank The position/positions for which you are nominated Contact number for requesting additional information Full name and, if different, birth name Surname Date, month and year of birth Place of birth Sex Citizenship (all) Residence Home address (if other than the residence) Identification data according to the ID (a) in the case of a resident of the Republic of Moldova – IDNP, (b) in the case of a non-resident - the serial number and identification number (or fiscal code) or passport and country of residence data. Contact information (telephone number (mobile and/ or landline) E-mail Date of filling in the questionnaire

21
Section 1. Knowledge level
1.1 Knowledge about the specific activities to be carried out. Education
Please fill in the table below with information on education, starting with the most recent. Name of the educational institution Field of studies Period of studies Obtained qualification/diploma
1.2 Professional training activities relevant to the position
Please fill in the table below with information on training and/or training courses in the field of economic sciences over the last 3 years, starting with the most recent including introductory/training/professional training courses relevant to the position. Name of the education institution Theme/topic Training / retraining period Obtained qualification/diploma
Section 2. Experience
2.1 Professional experience
Please fill in the table below with information on professional experience over the last 10 years, starting with the most recent. Date of employme nt Date of dismissal/ resignation Grounds for dismissal/ resignation Position held Name and address of the legal entity Delegated duties, areas of activity
2.2 Management experience
Please fill in the table below with information on management experience (as head of a department, structural division of a department, membership of a committee, executive body and/or other collective management bodies, public positions etc.) over the last 10 years, starting with the most recent ones. Date of employ ment Date of dismissal/ resignation Grounds for dismissal/ resignation Position held Name and address of the legal entity Brief descriptio n of the activity of the legal entity * Delegated duties, areas of activity Number of subordinate employees, managed budget

In the column "Brief description of the activity of the legal entity", the activities carried out by the legal

22 entity, number of assets and equity, or the turnover and other relevant information shall be provided.
2.3 Periods without professional activity
Please fill in the table below with information on unemployment periods during the last 10 years (if any), totalling at least 6 months in which you have not pursued any professional activity, starting with the most recent. Unemployment period Grounds
2.4 Membership in professional organizations
If you are a member of a professional organization, please specify the following information, starting with the most recent. Period Name of the organisation Area of activity Position held
2.5 Activity requiring a license/authorization/certification
If you have carried out an activity requiring a license or other type of authorization/certificate issued by a national or international authority, please specify the required information below, starting with the most recent. Date of license/ authorization/ certificate issue Validity period Name of the issuing authority Area of activity Other information
Section 3. Reputation
3.1 Criminal proceedings and records
Have you been held criminally liable in the last 10 years or are you currently subject to criminal proceedings, in particular for crimes against property, economic crimes, including crimes provided for by the legislation on the prevention and combating of money laundering and terrorist financing, corruption crimes, offenses in the public sphere, against justice, against public security and public order, computer crimes, and crimes in the field of electronic communications? YES NO

23
In case of an affirmative answer, details shall be provided (at least: the offence committed, the sanction, the date of application and enforcement of the sanction, respectively the criminal prosecution body (the court) that issued the sentence or examines the case, the incriminated offence) and the document(s) of the competent authority, if any, except for circumstances that may be included in paragraph 3.11. _______________________________________________________________________________________ _______________________________________________________________________________________
3.2 Administrative history
Are you or have you been penalised in the last 10 years with a fine concerning your activity in the economic sector, being deprived of the right to hold a certain position or to carry out certain activities, contravention, arrest, material damages for contraventions, other violations (except disciplinary), material damage caused in the exercise of or related to the previous work, or measures have been taken (remediation/supervision/sanctioning) and/or penalties against the legal entity, where you held or hold one of the positions mentioned in paragraph 3 of the Regulation on Requirements Regarding the Members of the Governing Body of the Bank and the Financial Holding Company, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process, approved by Decision No 292 of 29 November 2018? YES NO In case of an affirmative answer, details shall be provided (at least: the competent authority that adopted the decision, the date of decision, the committed offence, the applied measure, position or activity, while in case of deprivation of the right to exercise the activity - the term of deprivation and the document(s) from the competent authority, if any. In case of application of fine, its maximum amount established by the law in force shall be provided.) ________________________________________________________________________________________ ________________________________________________________________________________________ 1 1 . Are there any other relevant findings and measures, current or previous (within the last 10 years), adopted by a professional body for non-compliance with any relevant provisions governing activities carried out on financial and capital markets? In case of an affirmative answer, details shall be provided (indicating at least: the professional authority that made the decision, the date of the decision, the offense committed, the measure applied, the position or activity, in the event of deprivation of the right to exercise them, the term of deprivation, and the document(s) of the professional authority, if any. In the case of a fine, the maximum amount of the fine provided for by the applicable legislation at the time of the sanction shall also be indicated). ________________________________________________________________________________________ ________________________________________________________________________________________ YES NO
3.3 Disciplinary sanctions
Have you been disciplinary sanctioned for violation of labor law at previous workplaces in the last 12 months, or are you currently the subject of procedures in this regard? YES NO In case of an affirmative answer, details shall be provided (at least: employer's name, position held,

24 committed act (charged), and as appropriate, sanction and the document(s) from the competent authority, if any, as well as the date of enforcement). ________________________________________________________________________________________ _______________________________________________________________________________________
3.4 Did the National Bank of Moldova or another supervisory authority of the financial sector from
the Republic of Moldova and/or from abroad withdrew / revoked / terminated, in the last 10 years, the approval/ confirmation for holding one of the positions mentioned in paragraph 3 of the Regulation on Requirements Regarding the Members of the Governing Body of the Bank and the Financial Holding Company, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process, approved by Decision No 292 of 29 November 2018 of the Executive Board or licensing, or removal from a governmental or regulatory body, or from a professional body or association? N/A YES NO In case of an affirmative answer, details shall be provided (at least: the name of the bank/department, the competent authority, type of confirmation, date of withdrawal/revocation/termination of confirmation / authorization, applied measures, and if necessary, the position of administrator/member of the governing body / head of the branch of bank from another state / person holding a key position). ________________________________________________________________________________________ _______________________________________________________________________________________
3.5 Criminal record of the legal entity
Is/was a legal entity in which you hold or held the position of member of council and/or member of executive board for over 3 years during the last 10 years, and the control was or is the subject of criminal, administrative conviction or sanction? N/A YES NO In case of an affirmative answer, details shall be provided (at least: the name of the legal entity, your position, the court that issued the decision, the offence/act committed, sanction, application and enforcement date, and the issued sanction). ________________________________________________________________________________________ ________________________________________________________________________________________
3.6 Financial debts
Do you have debts regarding tax obligations or any other kind of financial debts?
YES NO
If so, details will be provided.

3.7 Insolvency procedures and/or forced liquidation
Have you or the legal entity been in insolvency procedure during the last 10 years, where you hold or held one of the positions referred to in paragraph 3 of the Regulation on Requirements Regarding the Members of the Governing Body of the Bank and the Financial Holding Company, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process, approved by Decision No 292 of 29 November 2018 of the Executive Board, or where you have or possessed qualified holdings, or has the forced liquidation process and the relevant information will be provided against the legal entity been initiated?

25
N/A YES NO
In case of an affirmative answer, details shall be provided (at least: the date of the declaration of insolvency, the position of administrator / member of the governing body / head of the branch of a bank of another state / person holding a key position, the size of the holdings, the date of initiation of the forced liquidation process). ________________________________________________________________________________________ _______________________________________________________________________________________
3.8 Financial performance
Has the legal person in which you held the position of member of the council or of the executive board, or you had supervisory duties, for over 3 years consecutively in the last 10 years, registered an unjustified negative financial result caused by external factors? N/A YES NO In case of an affirmative answer, details shall be provided (at least: the position of a member of a governing body/head of the branch of a bank from another state/amount of qualified holdings, the period of the recorded negative financial result, etc.). ________________________________________________________________________________________ _______________________________________________________________________________________
3.9 Have there been any civil, administrative or criminal proceedings, compromised investments or
major exposures, withdrawn loans, outdated debts, during the last 10 years, that have/had a significant impact on your financial capacity and/or on the legal entities supervised by you, associated partners (in Joint Venture) and/or entities in which you hold the position of member of governing body? YES NO In case of an affirmative answer, details shall be provided (at least: the name of the legal entity, the loan/credit amount, debt balance/exposure from the date of submission of application, including the expired ones, the maturity). ________________________________________________________________________________________ _______________________________________________________________________________________
3.10 Credit history
Do you have expired loans/credits from legal entities/individuals?
YES NO
In case of an affirmative answer, details shall be provided (at least: the name of the person, the loan/credit amount, debt balance on the date of submission of application, including the expired ones, the maturity). ________________________________________________________________________________________ ________________________________________________________________________________________

26
3.11 Money laundering and/or terrorism financing activities
Have you ever been convicted for money laundering and terrorism financing crimes, or you are personally the subject of an inquiry, investigation, or any legal entity where you have carried out supervisory duties, subject of inquiries, investigations on money laundering and terrorism financing, with criminal convictions? N/A YES NO In case of an affirmative answer, details shall be provided about the investigation. ________________________________________________________________________________________ ________________________________________________________________________________________
3.12 Other economic and financial history
Have you been punished and/or dismissed during the last 10 years for stealing/receiving other person's property by theft, misappropriation, embezzlement, fraud, abuse of function, abuse of trust, and tax evasion? YES NO In case of an affirmative answer, details shall be provided (at least: the decision-making authority, the date of the decision, the committed act, the applied sanction, the date of application and enforcement of the sanction). ________________________________________________________________________________________ ________________________________________________________________________________________
Section 4. Previous assessments
4.1 Have you been approved/confirmed by the National Bank of Moldova, or another competent
authority of the Republic of Moldova or from abroad, in the last 10 years, in one of the mentioned positions in paragraph 3 from the Regulation on Requirements Regarding the Members of the Governing Body of the Bank and the Financial Holding Company, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process, approved by Decision No 292 of 29 November 2018 of the Executive Board? YES NO In case of an affirmative answer, details shall be provided (at least: name of the bank/unit, and if necessary, the country, competent authority, position where you have been approved/confirmed and date of approval/confirmation). ________________________________________________________________________________________ ________________________________________________________________________________________
4.2 Did the National Bank of Moldova or another competent authority in the Republic of Moldova
or abroad reject in the last 10 years, the approval/confirmation for one of the positions mentioned in paragraph 3 of the Regulation on Requirements Regarding the Members of the Governing Body of the Bank and the Financial Holding Company, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process, approved by Decision No 292 of 29 November 2018 of the Executive Board? N/A YES NO

27
In case of an affirmative answer, details shall be provided (at least: name of the bank/unit, date and grounds of refusal, the competent authority). ________________________________________________________________________________________ ________________________________________________________________________________________
Section 5. Other relevant information
5.1 Quotas in the share capital of legal entities
Do you own or had in the past 10 years, quotas in the share capital of legal entities, which exceed 20% and/or have/ had holdings in the share capital of the bank? YES NO In case of an affirmative answer, please fill in the table with the necessary information. Name and location of private legal entity/bank Quota share in the capital Other useful information Number of shares Absolute amount of quota (MDL) Relative amount of quota (%) Period of quota holding
5.2 Holdings of affiliated persons in the share capital of banks
Did your affiliates have/had a holding in the share capital of the bank, in the last 12 months? YES NO In case of an affirmative answer, please fill in the table with the necessary information. Name, surname of the affiliated person Name and location of bank Equity shares Other useful information (description of the affiliation criterion) Number of shares Absolute amount of the quota (MDL) Relative amount of the quota (%) Period of holding the quota
5.3 Affiliation relations within the bank
Did someone become affiliated to the bank, as a result of your appointment in one of the positions mentioned in paragraph 3 of the Regulation on Requirements Regarding the Members of the Governing Body of the Bank and the Financial Holding Company, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process, approved by Decision No 292 of 29 November 2018 of the Executive Board?

28
YES NO
In case of an affirmative answer, provide details as follows:

For individuals
No.
Name, surname
State ID
Number
(IDNP)*
Affili ation criteri on
Addre ss of reside nce
Work place, position
Quota in the share capital of the legal entity Name of legal entity, country of residence Relative amount of the quota Nominal value of the share 1 2 3 ….

In case of non-resident individuals - the serial number and the identity card number.

For legal entities
No.
Name of legal entity
State ID number
(IDNO)*
Affiliati on criterio n
Headq uarter
Name, surname of the administrati ve manager/ director Quota in the capital of another legal entity Name of legal entities, country of residence Relative amount of share Nominal value of the share 1 2 3 ….

In case of non-resident legal persons, the state identification/registration number assigned by the nonresident competent authority of the country shall be provided.
5.4 Are you a member of a political party or politically exposed person?
YES NO
In case of an affirmative answer, details shall be provided (at least: party name, position). ________________________________________________________________________________________ ________________________________________________________________________________________
5.5 Time management. Allocation of sufficient time to fulfil duties

29
Will membership of the executive board or the council be combined with other additional positions? YES NO In case of an affirmative answer, please specify the following information below (please provide in the last column the time allocated monthly and whether the given position will cause some time management conflicts with the time of the member of the executive board or council in the bank). Names of legal entities in which the nominee holds a position Field of activity Position held Number of hours allocated monthly and planned for allocation Conflicts regarding time allocation or lack thereof (justification in the event of conflicts regarding time allocation)
5.6 Conflict of interest
Is there any real or potential conflicts of interest for the performance of one of the positions referred to in paragraph 3 of the Regulation on Requirements Regarding the Members of the Governing Body of the Bank and the Financial Holding Company, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process, approved by Decision No 292 of 29 November 2018 of the Executive Board? YES NO In case of an affirmative answer, please specify the following information below. Situations that could cause real or potential conflicts of interest Measures intended to be taken to eliminate/manage/miti gate conflicts of interest Further information on the conflict
5.7 Recommendations/references
Please provide below the information about the persons who offered reference letters (if they were issued)/references or contact persons who can provide references. If possible, at least two references should be provided by previous employers. Name, surname Telephone number, e-mail address The company, institution or organization Position The nature of the professional relationship Information regarding the existence (currently or in the past) of a nonprofessional relationship with the person concerned
5.8 Level of knowledge of Romanian and foreign languages

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Language
Level of knowledge
Mother tongue fluent intermediate beginner
No knowledge
Romanian
5.9 Applicable only for the position of chief accountant
Have you studied and are you able to prepare financial reports and statements for the National Bank of Moldova, in compliance with accounting standards? YES NO Please fill in below with relevant information on this topic. ________________________________________________________________________________________ ________________________________________________________________________________________
5.10 Additional information
Please provide any other information that might be considered relevant for the assessment of your skills, professional experience, reputation or financial behavior. ________________________________________________________________________________________ ________________________________________________________________________________________ The undersigned, ………………………………………………... (name and surname):
confirm under my own responsibility and the sanction of the law, that all the answers in the questionnaire hereto are complete and correct, and there are no other facts about which the National Bank of Moldova should be informed, in order to issue the decision on the approval in the position of ___________________________________________ (provide the position for which the person is nominated:
member of the governing body/heads of the branch of a bank from another state/in a key position), I undertake to immediately notify the bank and the National Bank of Moldova of any changes to the information included in the questionnaire hereto, I express my consent on the provision to the National Bank of Moldova of information/data about me, including confidential information, available to other persons/national authorities or other states, I hereby declare that my activity in the bank will not cause material damage or damage the image of the bank. Signature ________________ [Annex No 1 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]

31
Annex No 2
to the Regulation on Requirements Regarding the Members of the Governing Body of the Bank, the Financial Holding Company or Mixed Holding, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process List of relevant skills for the assessment of compliance of the governing body members and persons holding key positions in the bank In order to assess the skills of the members of the governing body and of persons holding key positions, the bank shall consider the list of all skills specified below, which is not an exhaustive list and can be adjusted taking into account the complexity of activities of the bank.

Credibility: is consistent in expression and actions, behaves according to own values and beliefs. The
person speaks openly his/her intentions, ideas and feelings, encourages an environment of openness and honesty, accurately informs the supervisor about the real situation while recognizing the risks and problems.
Language: can communicate in a structured and conventional way, as well write in the Romanian
language.
Decision-making: makes timely and informed decisions, acting promptly or committing to take action,
for example by expressing his/her own views and taking action without delay.
Communication: can render a message in a comprehensive and acceptable way and in appropriate
form. He/she focuses on ensuring and achieving clarity and transparency, and encourages an active "feedback".
Rationality: capable of data anlysis and various actions, and reach a logical conclusion. He/she shall
be able to examine, recognize and understand crucial elements and essential aspects. He/she shall possess an extensive perspective of analysis besides the related duties, especially when addressing issues that may endanger the sustainability of the activity of the bank
Customer and quality oriented: he/she shall focus on providing quality and, whenever possible,
identify ways to improve it. Identifies and studies the customers' needs, ensures that the customers are not exposed to unnecessary risks, and takes care to ensure that the information provided to customers is accurate, complete, and balanced.
Management skills: leads and provides guidance, develops and maintains teamwork, motivates and
encourages available human resources, and ensures that employees have the necessary professional skills to achieve a particular goal. He/she shall be receptive to criticism and provide the opportunity for critical debates.
Loyalty: is fully dedicated to the goals of the bank and gets involved in its activities. Dedicates enough
time to work and performs his/her duties properly, defends the interests of the bank and acts objectively and critically. He/she shall recognize and anticipate potential conflicts of interest and service interests.
External awareness: is well informed about financial, economic, social, and other developments at
national and international level that may affect the bank, as well as the interests of shareholders, and can harness this information.
Negotiation: identifies and discovers common interests in order to develop consensus, while pursuing
negotiation objectives.
Persuasive: can influence the views of others in a natural way, by persuasion, authority and tact.
He/she shall have a strong personality and stay firm.
Team work: knows the interests of the group and contributes to the common outcome, can work
within a team.
Strategic abilities: can develop a realistic vision of future developments and float it into long-term
goals, for example by applying scenario analysis. In this context, he/she shall take due account of the risks to which the bank is exposed and take appropriate measures to control it.
Stress resistance: shows resistance and can achieve consistent performances even under stressful
conditions and in moments of uncertainty.
Sense of responsibility: understands internal and external interests, carefully evaluates and documents
them. Has the ability to learn and understand that his/her actions can affect the interests of the shareholders.

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16) Chairing the meetings: is capable of effectively chairing meetings and creating a friendly atmosphere
that encourages people to participate in different activities on equal terms, knows the tasks and responsibilities of others. [Annex No 2 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]

33
Annex No 3
to the Regulation on Requirements Regarding the Members of the Governing Body of the Bank, the Financial Holding Company or Mixed Holding, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process Assessment of the collective compliance of the governing body Compliance assessment template Background information

On a regular basis, banks must assess the collective compliance of the members of governing body,
using the compliance matrix template set out in the Annex hereto. Banks can adjust this template according to the type, scale and complexity of the activities carried out, taking into account the requirements described in
Chapter II of this Regulation and the provisions set out in this Annex.
By assessing at individual level the knowledge, skills and experience of governing body members in
relation to the major business areas of the bank and its risks, the strengths and weaknesses of the governing body shall be identified, while the knowledge, skills and experience shall be assessed. The banks shall use the obtained results for the training needs of the governing body members, in order to determine the required profile of the new members, as well as, to determine during the compliance assessment process how their appointment falls within the compliance at collective level.
In order to have a general overview of the experience, banks shall take into account the differences in
the number of years of experience of different members.
Methodology of filling in the matrix
The governing body as a whole is responsible for conducting self-assessment on compliance at
collective level and establishing an internal process for matrix completion in an efficient, transparent, correct and critical manner.
The self-assessment process shall be based on a collegial discussion on both the ratings and names of
the persons with the highest added value, as well as, the underlying arguments and conclusions on the collective compliance.
Banks shall determine the method of the best overall overview of collective compliance, and to
individually establish the practical aspects of the internal self-assessment process. Banks must first determine in advance the parties involved in the process (such as the specific role of the president, the committee on appointments, other internal committees, the human resources department, business lines, external consultancy). In the case of significant banks, it is mandatory to involve the committee of appointments.
In order to complete the compliance matrix set out in this Annex, banks may use the results of a
questionnaire completed by each member using a certain rating system. Such a questionnaire shall be individually elaborated by each bank, and must be proportionate to the nature, scale and complexity of the activity of the bank.
When completing the matrix, banks shall also consider the context of the group, if applicable,
especially when describing the business model.
The matrix model set out in this Annex is based, on the one hand, on the requirements resulting from
the specific characteristics of the business model of the bank and, on the other hand, on the general requirements that are relevant to all banks. Module A covers the alignment with the business model of the bank, and Module B covers general requirements and has three subsets of questions: (1) governance, (2) risk management, compliance and internal audit, and (3) management, strategy and decision making. For module

34
A, the matrix creation base is represented by the actual business lines. Module B includes free spaces, which shall be completed according to the specific needs of the bank, except the business model considerations, or to cover the regulations that determine the knowledge, skills or competencies.
10. On the basis of the matrix, banks shall draw up tables that will contain collective ratings that will
serve as a quantitative indication of the collective capacity of the governing body. The qualifications specified in the matrix (high, medium to high, medium to low, low, absent) are defined using the term "experience" in a broad sense and which, in the context of this annex, should be understood as covering both aspects: practical and theoretical, and shall include skills and knowledge. Banks shall consider both the theoretical experiences gained through education, training and the practical experience gained from previous jobs.
11. The table shall highlight (tick) the names of the members, that bring the highest added value for a
particular requirement. For a bank to be able to handle a minimum break if a position becomes vacant unexpectedly, more than one name shall be included in the table. The number of people included in the table may vary depending on the size of the governing body. Although the assignment of the rating would only refer to the actual structure of membership of the governing body, the banks may also include the names of the potential members in the table.
12. Besides the quantitative qualifiers and the registration of the members of the governing body in the
table, banks shall also take into account the motivations underlying the selection of some persons due to their
specific knowledge required for certain activities of the bank. The table may also include the argumentation of ratings and names included in the matrix. At the end of the matrix, narrative questions are put with the purpose to facilitate clear results.
13. The bank shall complete a separate matrix for the members of the executive board and the council of
the bank. In this way, the bank shall determine the best method for conducting the general presentation of collective compliance. The matrix model of collective compliance of the governing body Module A Aligning the collective compliance with the business model The following information shall be provided in this section:
the current business model of the bank:
the main risks associated with the current business model as included in the risk appetite:
strategy (long-term prospects):
the main risks associated with this strategy:
This section aims to present the necessary collective experience of the governing body in line with the main features of the current business model of the bank, its strategy and the main associated risks to be managed. For this purpose, please check the classification made by the bank of the main lines of business, subsidiary/branch, product lines and risk subtypes. Generic names in column A will be povided by adding the own classification of the bank in column B. If necessary, rows The persons who have the highest added value for the specific experience shall be marked with "X" symbol. A collective rating shall be used for the executive board/

35 without relevance can be added or removed.
Columns will be added for all members of the executive board / council of the bank. council of the bank in its current composition:
Column A Column
B
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
A = Absent
L = Low
ML = Medium-Low
MH = Medium-High
H = High
The model of the business group/
Strategy
Main line of activity 1
Main line of activity 2
Main line of products 1
Main line of products 2
Credit risk subtype 1
Credit risk subtype 2
Market risk subtype 1
Market risk subtype 2
Risk of interest rate subtype 1
Risk of interest rate subtype 2
Operational risk subtype 1
Operational risk subtype 2
Concentration risk subtype 1
Concentration risk subtype 2
IT risk subtype 1
IT risk subtype 2
Reputation risk subtype 1
Reputation risk subtype 2
Another risk subtype 1
Another risk subtype 2

36
Module B
Common requirements
A. Governance
This section aims to present the organizational structure of the bank and how duties are assigned and monitored. The persons who have the highest added value for the specific experience shall be marked with “X” symbol. Columns shall be added for the members of the executive board/ council of the bank. A collective rating shall be used for the executive board/ council of the bank in its current composition:
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
A = Absent
L = Low
ML = Medium-Low
MH = Medium-High
H = High
Assessment of the process of development and operation of the administrative organization Assessment of the process of development and operation of the internal control system Assessment of the process of development and operation of measures of the group activity management framework (e.g. relationships between the parent company and subsidiaries and/or branches) Assessment of the process of development and operation of human resources Assessment of the compliance of members of the governing body or its subordinate staff Policies and procedures for the initiation, training and professional development of members of the governing body or at the bank level Remuneration policy and practices (either at the level of executive board or bank) and use of incentives to influence behaviors Planning for succession

37
Policy on outsourcing and supervision of outsourced activities Other relevant governance topics may be included below (for example, if the bank undergoes a major restructuring exercise requiring specific organizational experience, ...):

Common requirements
B. Risk management, compliance and audit
The purpose of this section is to present the experience of the members of the governing body for a variety of topics related to risk management (including first-line defense and independent risk management as the second line of defense). This section presents the experience of members of the governing body on compliance (second line of defense) and internal audit (third line of defense). The persons who have the highest added value for the specific experience shall be marked with “X” symbol. Columns shall be added to members of the executive board/council of the bank. A collective rating shall be used for the bank's executive board/council of the bank in its current composition:
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
A = Absent
L = Low
ML = Medium-Low
MH = Medium-High
H = High
Establishing and implementing the risk strategy, risk culture and risk appetite for the bank Managing capital, funds, liquidity and treasury Recovery and resolution Stress tests Internal models Creating an independent risk management function and/or assessing its structure, operation and effectiveness Risk management policy, appropriate

38 procedures and measures
Risk management laws and regulations
Issues related to accounting of products and services Financial information and regulated reporting Conformity policy, appropriate procedures and measures Warning mechanisms Establishing the internal audit function and/or assessment of its duties, operation and effectiveness Establishing or supervising the annual audit plan Other issues related to risk management, compliance, or internal audit may be included below (for example, when the bank goes through major court cases or specific risk management issues that are not covered by the business model) can be provided below:
*
*
Common requirements
C. Management, strategy and decision making
This section aims to present the managerial knowledge, experience and abilities of the members of the governing body. Furthermore, this section shall assess the collective decision-making abilities of the members of the governing body. The persons who have the highest added value for the specific experience shall be marked with “X” symbol. Columns shall be added to members of the executive board / council of the bank. A collective rating for the bank's executive board / council in its current composition:
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name
Member’ s name Member’ s name
A = Absent
L = Low
ML = Medium-Low

39
MH = Medium-High
H = High
Management of processes and tasks, and guiding other persons Establishing higher requirements:
consistency of speaking and acting in accordance with your own values and beliefs. Developing the culture of the bank Supervising either the members of the executive board or the daily management Social, ethical and professional standards Engage experts for the proper execution of their own tasks Develop and implement business strategy and models Discovering and exploiting opportunities in terms of business sustainability Matching products with specific target customer groups Identifying the long-term interests of the bank in assessing the products, services and markets where the bank operates External communication and identification of the momentum when stakeholders (such as supervisory authority, shareholders, customers and external auditors) need to be informed Organization of the internal decisionmaking process in general Chairing the internal decision-making body, committees, or group (leadership) Ensuring that meetings are held frequently Communication in a multilingual context, if necessary Collecting information at internal or external levels to make timely decisions Reporting of specialized committees or

40
(leading) groups before the entire management and / or supervision function Ensuring that sufficient alternatives are weighed in the decision-making process Promoting the open and inclusive decisionmaking process, with the possibility of a constructive and robust challenge for proposals Assessing the interests of all stakeholders in the decision-making process Detecting and taking into account conflicts of interest in the decision-making process Determining the compliance of decisions taken with the strategy of the bank Drafting and formalization of decisions taken Other relevant management or decisionmaking topics (such as the features of a bank's one-tier or two-tier structure) can be included below:
*
*
For members of the bank board
The requirement regarding the independence of members of the council, stipulated in Article 41 paragraph 5 of Law No 202/2017 The purpose of this section is to determine whether the requirement regarding the independence of members of the council, stipulated in Article 41 paragraph 5 of Law No 202/2017, is met: at least one-third of the members of the council of the bank must be independent, to identify cases where a member of the council of the bnk is considered not to be independent and whether, collectively, the council of the bank has a sufficient number of independent members, in accordance with the provisions of paragraphs 15 and 16 of Regulation No 322/2018. Information shall be disclosed regarding the classification/non-classification of each member of the council of the bank (currently in office and expected to serve as a member of the council), at least in each of the cases set out in paragraph 16 of Regulation No 322/2018. In the case of eligibility, detailed information shall be provided, as described in the case. In the case of ineligibility, this fact shall be specified. Columns shall be established for all members of the council of the bank.. No. Description of cases where a member of the council is considered not to be Member’s name Member’s name Member’s name Member’s name Member’s name Member’s name Member’s name Member’s name

41 independent
(in accordance with paragraph
16 of
Regulation No
322/2018)
)
1 Holds or has held in the last
5 years a mandate as a member of the governing body of the bank and/or entities within the scope of prudential consolidation, with the exception of a position as an independent member of the governing body of the bank and/or entities within the scope of prudential consolidation 2 Has a direct/indirect holding in the bank of at least 5% of its capital or represents the interests of an owner of such a holding 3 Has a significant financial or economic relationship with the bank (more than 5% of the bank's own funds) 4 Is an employee or has other

42 similar relationships with an owner holding at least 5% of the bank's capital 5 They are employees of any entity within the scope of prudential consolidation, unless the following two conditions are met:
a) they do not belong to a hierarchical level that reports directly only to the bank's governing body; b) they have been elected as a member of the council of the bank in the context of an employee representation system with adequate protection against unfair dismissal and other forms of unfair treatment. 6 During the last calendar year, they were employed in a position at such a hierarchical level within a bank or other entity within

43 the scope of prudential consolidation, reporting directly only to the governing body 7 During the last calendar year, was a person with responsibilities, a manager and/or member of the governing bodies of a professional advisory entity, an external auditor or a significant consultant for the bank or for another entity within the scope of prudential consolidation or, in other situations, an employee substantially involved in the service provided 8 Is or has been, in the last year, a significant supplier (has supplied goods or services worth more than 5% of the bank's assets) or an important customer of the bank or of another entity within the scope of prudential

44 consolidation, or has had another important business relationship or is an employee substantially involved, under other conditions, directly or indirectly, with a supplier, customer, or commercial entity that has a significant business relationship with the bank 9 Receives, in addition to the remuneration for their role and the remuneration for their position, in accordance with paragraph 5, commissions or other significant benefits from the bank or another entity within the scope of prudential consolidation 10 Has served as an independent member of the bank's governing body for the last 12 consecutive years 11 Is the spouse,

45 first- or second-degree relative of a member of the governing body of the bank or of another entity within the scope of prudential consolidation, or of a person in one of the situations referred to in paragraphs 1 to 10 Conclusion per person General conclusion on the proportion of independent members in the council of the bank and compliance with the requirement regarding the independence of members Overview of experience This section aims to collect an overview of your past banking or financial professional experience in the governing body of the bank or other institution. It also provides an overview of other types of experience. The overview is intended to contribute to the assessment of collective compliance, also in view of the need to have a diversity of experiences and to establish a succession planning. The number of the year (s) of professional experience will be filled in. Member’ s name Member’ s name Member’ s name Member’ s name Member’ s name Member’ s name Member’ s name The year when the term must be renewed Number of years in a non-executive position in the bank/group Number of years in an executive position in the bank/group

46
Overview of collective compliance
(To be described separately for each entity)
This section aims at assessing the collective compliance of members of the governing body, taking into account the experience of all members of the governing body. What are the strengths of the executive board or council of the bank? What are the weaknesses of the executive body or the council of the bank? How and when will these be solved or attenuated? How effective were the measures already taken to solve or mitigate weaknesses? Conclusions on the general competence of the governing body:
Explain why the bank believes that this skill of the executive board and / or council of the bank is appropriate and effective, e.g:
How is the collaboration between members?
What are the roles of different people for the dynamics of group discussions and decisions? What particular features do members have to increase their collective skills? Is the size of the governing body suitable? Description of how diversity of qualities and skills was taken into account in selecting members of the governing body Number of years of experience in banking or financial big banks, other than the own bank Number of years of banking or financial experience in medium-size banks, other than the own bank Number of years of banking or financial experience in small banks, other than the own bank Number of years in management positions Number of years of experience other than the management or the financial sector (e.g. academic, legal, etc.)

47
Given the long-term view on the bank (major challenges that may arise, such as the sustainability of the business model, merging, restructuring, new markets, etc.), as well as, succession planning, what are the future needs of collective compliance of the governing body? Annexes This section aims to briefly explain the internal process for the completion of the matrix, provide additional explanations for the desired scores, and introduce an overview of the documentation attached to this matrix. Internal process for completing the matrix Aspects to be covered:
Parties concerned
The agenda (annual assessment, periodic assessment, ad-hoc assessment) Collected information Additional explanations for rankings accumulated for different modules Alignment of the business model Governance Risk management, compliance and audit Management, strategy and decision making Overview of attachments List of documents [Annex No 3 amended by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]

48
Annex No 4
to the Regulation on Requirements Regarding the Members of the Governing Body of the Bank, the Financial Holding Company or Mixed Holding, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process The criteria for assessing the independent thinking of the person nominated as a member of the governing body of the bank For the purpose of determining whether the person nominated as a member of the governing body of the bank has independent thinking, the bank must assess whether or not the person has the necessary behavioral skills and whether or not they are in situations that could give rise to real or potential conflicts of interest, taking into account the criteria set out in the table.

When assessing mandatory behavioral competencies (point 1 in the table below), the bank will take
into account the person's past and current behavior, particularly within the bank.
When assessing the existence of conflicts of interest, the bank must identify actual or potential
conflicts of interest in accordance with the bank's policy in this area and taking into account the situations described in point 2 of the table below.
Components of necessary behavioral skills
1.1. Courage, conviction, and strength to effectively evaluate and question
the proposed decisions of other members of the governing body (bank assessment)1
1.2. The ability to ask questions to members of the governing body in their
governing capacity
1.3. Ability to oppose groupthink
Conclusion on the necessary behavioral skills
Situations that could give rise to actual or potential conflicts of interest to an extent that would
impair the ability to perform duties independently and objectively
2.1. Economic interests (e.g., shares, other property rights and
memberships, holdings and other economic interests, intellectual property rights, loans granted by the institution to a company owned by members of the governing body) (bank assessment)1
2.2 Personal or professional relationships with owners of qualifying
holdings within the institution
(bank assessment)1
2.3 Personal or professional relationships with employees of the
institution or entities within the scope of prudential consolidation (e.g., close family relationships) (bank assessment)1
2.4 Other positions and previous positions in the recent past (e.g., within
the last five years)
(bank assessment)1
2.5 Personal or professional relationships with relevant external
stakeholders (e.g., association with suppliers, consulting firms, or other important service providers) (bank assessment)1
2.6 Membership in or ownership of an organisation or entity with
conflicts of interest
(bank assessment)1
2.7 Political influence or political relations (bank assessment)1
Conclusion on the existence of real or potential conflicts of interest
Conclusion on the disposition of “independent thinking”

49
1 the bank's assessment (including that set out in this table) shall include a description of the situations identified, the conclusions reached, and the arguments in favour of those conclusions, in the case of conflicts of interest, and the measures taken to manage/eliminate and mitigate them in accordance with the bank's compliance policy. [Annex No 4 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 November 2025]

50
Annex No 5
to the Regulation on Requirements Regarding the Members of the Governing Body of the Bank, the Financial Holding Company or Mixed Holding, the Heads of a Branch of a Bank from Another State, the Persons Holding Key Positions and the Liquidator of the Bank in Liquidation Process Allocation of sufficient time for the performance of duties by a person appointed as a member of the governing body of the bank In order to determine whether the person nominated as a member of the governing body of the bank, both individually and collectively, can devote sufficient time to performing the duties associated with the position, the bank must assess, at a minimum, the situations set out in the table below.

In the case of banks considered significant - situations to be taken into account when assessing
the allocation of sufficient time to perform the duties of a member of the governing body (Article 43 paragraphs 10 - 14 of Law No 202/2017)
1.1 Holds a position as a member of the executive body or other similar
management position concurrently with two positions as a member of the council or two other similar non-executive positions (bank assessment)1
1.2 Simultaneously holds four positions as a member of the council or
four other similar non-executive positions
(bank assessment)1
Conclusion regarding compliance with the provisions of Article 43 paragraph 12 of Law No 202/2017
Circumstances to be taken into account when assessing whether sufficient time is allocated to
perform the duties of a member of the governing body in accordance with paragraph 84 of Regulation No 322/2018
2.1 The number of positions held by the nominee in other banks and/or
other entities, taking into account possible synergies when these are held in accordance with Article 43 paragraph 13 of Law No 202/2017, including when acting on behalf of a legal person or as a substitute for a member of the governing body (bank assessment)1
2.2 The size, nature, scope, and complexity of the activities of the entity
in which the member holds a position, and in particular whether the entity is outside the Republic of Moldova (bank assessment)1
2.3 The presence in the country of the member of the governing body and
the travel time required for the member to perform their duties (bank assessment)1
2.4 Number of meetings scheduled for the governing body (bank assessment)1
2.5 Functions held simultaneously by members of the governing body
within organisations or entities that do not primarily pursue commercial objectives (bank assessment)1
2.6 Any meetings that need to be organised, in particular with competent
authorities or other interested parties outside the official meeting
schedule of the governing body
(bank assessment)1
2.7 The nature of the position held by the member of the governing body
and the related responsibilities, including specific duties, such as that of chief executive officer, chairperson, or member of a committee, as well as the need for that member to attend meetings within the entities referred to in paragraph 2.1 and within banks (bank assessment)11
2.8 Other external activities of a professional or political nature, as well
as any other relevant functions and activities of the member of the governing body, both within and outside the financial sector, both (bank assessment)1

51 inside and outside the Republic of Moldova
2.9 Time needed for initiation, training, as appropriate (bank assessment)1
2.10 The impact of any long-term absences of a member of the governing
body
(bank assessment)1
2.11 Any other relevant duties of the member concerned which the bank
considers necessary to take into account when assessing whether a member of the governing body devotes sufficient time to the bank (bank assessment)1
2.12 Ability to fulfill job responsibilities during periods of particularly
intense activity, such as reorganisation, restructuring, acquisition, takeover, or crisis situations, etc. (bank assessment)1 Conclusion on compliance with the provisions of paragraph 84 of Regulation No 322/2018 3 Conclusion on the person's ability to allocate sufficient time to perform their duties ___________________________________ 1 The bank assessment (including that set out in this table) shall include answers to each of the questions set out in the requirements/situations identified, the conclusions drawn, and the arguments in favour of the conclusions. [Annex No 5 introduced by the NBM’s Decision No 218 of 25 September 2025, in force as of 2 March 2026]

Regulation on Requirements for Members of the Governing Body, Key Position Holders, and Liquidators of Banks

Lineage: In force