EU welcomes amendment of existing legislation on securities transactions

The European Union Delegation to the Republic of Moldova welcomes the adoption on August 24 by the Government of the Republic of Moldova of the law amending a number of legislative provisions with respect to securities transactions, Info-Prim Neo reports, quoting a press release from the Delegation. “This measure reflects the will of the Government of the Republic of Moldova further to strengthen the financial market infrastructure of the country; to offer better legal protection to Moldovan and foreign investors, in particular with regard to their investments in securities; and to work towards establishing the rule of law and improving the business climate in the Republic of Moldova. The EU Delegation is looking forward to the effective implementation of this law,” it is said in the press release. In the context of the negotiations of the future Association Agreement between the European Union and the Republic of Moldova, which aims also to provide for a deep and comprehensive free trade area, the EU Delegation underlines the importance of continuing to align Moldovan legislation with relevant EU and international standards and best practices.

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