A bill designed to extend the powers of the National Bank of Moldova and the National Commission for Financial Markets was adopted in the final reading in the April 8 sitting of Parliament, IPN reports.
The law provides that the normative documents adopted by the National Bank of Moldova are not subject to juridical examination by the Ministry of Justice. Also, the National Bank, the members of its administration bodies and its personnel are not held criminally or civilly accountable for the actions that form part of the duties, except for cases when the courts of law ascertain ill will or negligence.
The members of the administrative bodies and the personnel of the National Commission for Financial Markets also cannot be held criminally or civilly accountable for the actions taken in the line of duty.
The law provides that a common central depository will be created by the National Bank of Moldova as a legal entity. The regulation, surveillance and control powers between the National Bank of Moldova and the National Commission for Financial Markets will be distributed by their common regulations.
Only 50 MPs voted initially for the law and this was thus rejected. Afterward, the voting was annulled and rerun and the law was passed by 52 votes.
