The members of the management bodies of the National Bank of Moldova and NBM staff will not be able to possess holdings in the share capital of supervised entities. This is provided in a draft law that was given a final reading by Parliament. According to the authors, this provision was included in order to prevent potential conflicts of interest in the process of fulfilling the regulatory, supervisory and control duties with regard to these entities, IPN reports.

The document also specifies the NBM’s duties related to the prevention and combating money laundering, standardizes in the legislation particular  aspects regarding the NBM’s supervisory and control duties, consolidates the regulations on accounting and financial reporting, stipulates the NBM’s mandate and responsibilities in the macroprudential field.

It also regulates the right of the NBM to sell commemorative and jubilee coins directly to the general public.