ACI Partners: Legal Flash No. 16

ACI Partners: Legal Flash No. 16

• 18.10.2016

This Law regulates conditions for creation, operation and supervision of the Central Securities Depository (established as a joint stock company) and requirements for securities registration and record. Supervision and regulation of the depository are performed by National Bank of Moldova.
Central Depository is entitled to carry out its activities on the following types of securities: government securities which fall under the Law on public sector debt; state guarantees and state lending; claims issued by the National Bank of Moldova; established securities covered by the Law on capital market; similar securities issued in the Republic of Moldova or other countries and admitted for trading on a regulated market or a multilateral trading.
The main services provided by the depositary are: securities registration; opening and maintenance of securities accounts at the highest level; managing securities settlement system; services related to clearing and settlement services; services related to securities registration and centralized management; services related to shareholders' registers, processing corporate operations, including the tax, general meetings and information services etc.

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ACI Partners

ACI Partners is a dynamically growing Moldovan law firm with an expanding network of partners throughout Europe. ACI Partners was established by separation of the legal business from Ernst & Young Moldova and as such it draws from the latter|s long-acknowledged ability to offer competent advice. ACI Partners’ business strategy is to deliver a solid and reliable service, which the clients may turn to whenever they need. To reach this goal, ACI Partners employs a personalized approach to each client, showing a genuine respect for their values and unqualified commitment to their interests and needs, steadily investing in knowledge and data management and ensuring a working environment consistent with their clients’ quality demands and high expectations.