What's new in Moldovan law: 4 October 2016

Law No. 236

2016 state budget changes: new totals, Post of Moldova fees and road enterprises removed

Law No. 236 of 03.10.2016 amends the 2016 State Budget Law No. 154. The text lowers some spending amounts and total revenue, sets maximum fees for deposit indexation services provided by Post of Moldova, and removes several enterprises from Annex No. 6. The law took effect on 04.10.2016.

• Parliament
• In force since 4 Oct 2016
• Amends: Law No. 154/2016

Law No. 237

Amendments to the 2016 state social insurance budget law

Law nr. 237 amends the 2016 State Social Insurance Budget Law. The figures in Article 1 are changed from 14945684,3 to 15030462,2 and from 14976094,8 to 15060872,7. The law entered into force on 04.10.2016.

• Parliament
• In force since 4 Oct 2016
• Amends: Law No. 156/2016

Order No. 658

Completarea Instrucțiunii privind evidența obligațiilor față de buget, aprobată prin Ordinul IFPS nr. 400 din 14 martie 2014

• Inspectoratul Fiscal Principal de Stat
• In force since 11 Oct 2016
• Amends: Order No. 400/2014, Decision No. 294/1998

Order No. 791

Completarea Anexei nr. 1 la Instrucțiunea privind evidența obligațiilor față de buget, aprobată prin Ordinul IFPS nr. 400 din 14 martie 2014

• Inspectoratul Fiscal Principal de Stat
• In force since 4 Oct 2016
• Amends: Order No. 400/2014

Order No. 864

Modificarea Ordinului IFPS nr. 1108 din 7 decembrie 2015 cu privire la aprobarea Regulamentului privind modul de stingere prin scădere și luare la evidență specială a obligației fiscale

• Inspectoratul Fiscal Principal de Stat
• In force since 4 Oct 2016
• Amends: Order No. 1108/2015, Law No. 138/2016

Decision No. 201

Stabilirea mecanismului de recuperare a devierilor tarifare ale furnizorilor de energie electrică la tarife reglementate și ale operatorilor rețelelor electrice de distribuție

• National Agency for Energy Regulation
• Repealed

Law No. 238

Compulsory health insurance funds for 2016 cut under Law No. 238

Law No. 238 of 03.10.2016 amends the Law on the compulsory health insurance funds for 2016. Total fund revenues and expenditures fall from 5838515,5 to 5779298,2. Transfers from the state budget fall from 2571929,6 to 2512712,3. The law entered into force on 04.10.2016.

• Parliament
• In force since 4 Oct 2016
• Amends: Law No. 157/2016

Law No. 232

Law no. 232/2016 on bank recovery and resolution: how banks in trouble are handled

The law sets rules and procedures for the recovery and resolution of banks in the Republic of Moldova. Banks must draw up recovery plans, and the National Bank of Moldova prepares resolution plans for each bank. The law entered into force on 04.10.2016. The text provided is truncated, so not all provisions are covered here.

• Parliament
• In force since 4 Oct 2016

Law No. 234

Depozitarul central unic al valorilor mobiliare

• Parliament
• In force since 4 Oct 2016

Ordinance No. 48/2

CNPF amends Order 27/3-O: exception for enforcing Decision 48/1 on BROKING-VM

The National Commission for Financial Market amends Order No. 27/3-O of 16.05.2014 on certain transactions with securities issued by Moldova-Agroindbank Commercial Bank S.A. An exception is added for enforcing point 2.2 letter a) of Decision No. 48/1 of 23.09.2016, which concerns withdrawing the investment company licence of JSC BROKING-VM. The order enters into force on the date of adoption, 23.09.2016.

• National Commission for Financial Markets
• In force since 23 Sept 2016
• Amends other acts

Ordinance No. 48/8

Lifting the suspension of bank operations on accounts of insurance broker SICONATA GRUP S.R.L.

The National Commission for Financial Market lifted the suspension of bank operations on the current and deposit accounts of insurance-reinsurance broker SICONATA GRUP S.R.L. The suspension had been applied by Ordinance nr.44/5-O of 19.08.2016. The ordinance enters into force on the date of adoption, 23.09.2016.

• National Commission for Financial Markets
• In force since 23 Sept 2016

Ordinance No. 48/10

Bank operations suspended on accounts of three savings and loan associations

The National Commission of the Financial Market suspended banking operations on the current and deposit accounts of the three savings and loan associations listed in the annex. The suspension lasts until the full payment of the due regulatory operating fees and the penalties calculated up to the actual payment date. The ordinance entered into force on 23.09.2016.

• National Commission for Financial Markets
• In force since 23 Sept 2016

Decision No. 48/1

Retragerea licenței de societate de investiții Societății pe acțiuni „BROKING-VM”

• National Commission for Financial Markets
• In force since 23 Sept 2016

Law No. 233

Law no. 233 of 2016: changes to rules for banks and branches of foreign banks

The law amends several acts on the National Bank of Moldova and financial institutions. It sets out rules for branches of foreign banks and lets the National Bank suspend or limit payments for up to 6 months in a systemic financial crisis. It also sets new rules for persons affiliated with banks. The law took effect on 04.10.2016.

• Parliament
• In force since 4 Oct 2016
• Amends: Law No. 550-XIII/1995, Code No. 985-XV/2002

Law No. 235

Law on issuing state bonds to settle state guarantees granted to the NBM for emergency loans

The Ministry of Finance will issue state bonds and transfer them to the National Bank of Moldova to meet payment obligations arising from state guarantees No. 807 of 17 November 2014 and No. 101 of 1 April 2015. The bonds must be issued within 7 working days of the law entering into force, which is 04.10.2016. The total volume is up to 13583717000 lei, with an effective interest rate of 5 percent.

• Parliament
• In force since 4 Oct 2016

Decision No. 48/9

Prescrierea unor asociaţii de economii şi împrumut de a achita plățile regulatorii de funcționare

• National Commission for Financial Markets
• In force since 23 Sept 2016