Moldova's securities market hasn't yet risen to the level of a genuine supplier of capital for the country's economy, thinks Aurica Doina, deputy chair of the National Financial Market Commission (CNPF). The situation is due to a number of mistakes made during the mass privatization process, specifically the negative experience with some investment funds and joint stock companies, which influenced the level of confidence of potential investors and of the population in this market. “We have huge potential to put to work. In this respect, we plan to reinvigorate the securities market by improving and creating new regulations, implementing best practices which yield good results in other countries”, Aurica Doina stated at a conference entitled “Attracting investment using non-banking financial instruments”, which took place on Tuesday in Chisinau. She said that a set of regulations is currently being promoted, the most notable being a Capital Market Bill, which is expected to create a favorable environment for the appearance of institutional investors. Also, an Investment Compensation Fund is to be created as a fundamental element of the capital market. These and other measures are provided in the Financial Market Development Strategy for 2011-2014. Alexandra Puscas, member of the CNPF Board, noted that currently on the Moldovan non-banking financial market there is just one instrument to attract investments, this being issuance of stock. The experience to issue corporate bonds a few years ago didn't prove very successful. Alexandra Puscas thinks that the invigoration of the securities market can be achieved by popularizing services on this market and by ensuring transparency. Nina Dosca, department head at CNPF, noted that the Capital Market Bill, besides diversifying financial instruments, also provides increased safeguards for potential investors, conditions for the development of institutional investors and and improved investment climate. The conference is part of the CNFP's Know Your Rights campaign, which aims at informing the general public about the mechanisms and opportunities of the Moldovan non-banking financial market.