The amended law sets a number of new requirements towards bank shareholders. The law stipulates, inter alia, that residents of the respective jurisdictions are no longer entitled to hold shares in Moldovan commercial banks. Hence, such shareholders shall sell their shares within one year, starting from 5 April 2013, the day the respective amendments to the Law on Financial Institutions became effective.
Please see the List of jurisdictions not implementing international standards of transparency approved by Decision of the National Bank of Moldova No 91 dated 2 May 2013
