.PNG)
At its ordinary meeting of May 20, 2022, the Board of Directors of the National Commission for Financial Markets (NCFM), according to the mission and tasks conferred by the law, approved decisions related to the non-banking financial market:
I. Regulation
- Regulation on responsible lending requirements for non-bank credit organizations, which sets certain requirements on granting of non-bank credit and/or financial leasing to consumers, including on the conditions and method of assessing the capacity of the individuals to reimburse the credit and/or financial leasing. The document defines responsible lending as the activity, in which the creditor assesses the debtor's creditworthiness without incurring an increased credit risk, and does not allow the borrower to take excessive financial obligations by accumulating an unaffordable indebtedness.
- The draft law for amendment of certain NCFM regulations on the activity of credit bureaus offices aims to bring them in line with the provisions of the Law on credit bureaus and to update obsolete rules. The document brings amendments particularly to the Regulation on the licensing of credit bureau activity, the Regulation on the information systems used to create the credit bureau database, the Regulation on the presentation of information to the credit bureau and the issuance of the credit report, and the Regulation on the manner of reporting to the NCFM by the credit history offices. The draft law is subject to repeated approval by the authorities and institutions concerned.
- Amendment of the Regulation on the gradual sanctions applied to the insurer (reinsurer) or the insurance and/or reinsurance broker, approved by the NCFM Decision no. 60/5/2013. The document is elaborated to bring the provisions of the Regulation in line with the amendments operated to the related normative framework, including Law no. 407/2006 on insurance, Law no. 414/2006 on compulsory motor third party liability insurance for damages caused by vehicles, NCFM Decisions no. 2/1/2011 on approval of the Regulation on solvency margins and liquidity ratio of insurers (reinsurers), no. 57/13/2018 on compulsory motor third party liability insurance premiums, no. 37/14/2019 on procedures related to the amicable settlement of an accident, no. 15/6/2019 on approval of the Regulation on the electronic processing of documents for compulsory motor third party liability insurance and no. 19/3/2019 on approval of the Regulation on the audit of insurers (reinsurers). The draft normative act is submitted for approval to the authorities and institutions concerned. Additionally, the document is going to be subject to public consultation.
II. Authorization
- Renewal of the "RURAL-FINANCE" SCA license for the activity of savings and loan associations with the issuance of a new license form by:
- changing the name from “MIHAILENI” SCA to “RURAL-FINANCE” SCA;
- adding of the following branch offices: “Tirnova” at the address: MD-5140, Donduseni, Tirnova village and “Frasin” at the address: MD-5123, Donduseni, Frasin village;
- Approval of Mr. Vasile Lupan as a candidate for the member of the Censors Commission position within the IC "INTACT ASIGURARI GENERALE" JSC;
- Registration in the Register of Securities Issuers on the results of the additional issuance of shares of "AVIATEHSERVICE" JSC amounting MDL 80.000 in number of 80,000 ordinary registered shares, with a nominal value of MDL 1, by the conversion of debt;
- Authorization of the reorganization by transformation of joint stock companies: "ALFA COMMERCIAL TECHNICAL CENTER", "GARA NORD" and "TIPOGRAFIA ANENII NOI" into limited liability companies;
- Discard from the Register of Securities Issuers, as result of the liquidation, the securities previously issued by the joint stock company "MARTISOR", as well as result of the reorganization by transformation into a limited liability company, the securities previously issued by the joint stock companies: "UNITEH-SERVICE", "VICTORIA-ROM", "TRANSENERGOPROIECT", "ANGHELINA", "LORUS", "CERC", "EXTRA-K", "MITRA-GRUP" and "CENTRINDMONTAJ".
III. Supervision
- Suspension of the activity of non-bank credit organization „BONELITGRUP” LLC for three months;
- Approval of results of the thematic control within the non-bank credit organization „ZOOM CREDIT” LLC and prescription of the unconditional compliance with the regulatory requirements and the remedy of the deficiencies found by the inspection mission;
- Approval of the complex inspection results regarding the compliance of “HORESTI ALBINA” SCA to savings and credit associations legislation, for the period 01.03.2019 - 28.02.2022, and prescription of unconditional compliance with regulatory requirements and remediation of deficiencies found during the mission.
At the meeting of the Board of Directors of May 20, 2022 was approved the Activity Report of NCFM for 2021, which according to the legislation in force is to be presented until June 1 to the Parliament, the President and the Government.
