The Single Central Securities Depository was set up on March 29. In the constitution meeting, there were chosen the executive bodies and approved the constitution documents. Thus, the Single Central Securities Depository will be led by an Executive Committee that will be made up of three members, IPN reports, with reference to a press release of the National Bank of Moldova.

The Supervisory Board of the Depository will consist of representatives of the National Bank of Moldova, the National Commission for Financial Markets, the Ministry of Finance and the Moldova Stock Exchange.

National Bank vice governor Ion Sturzu underlined the important role played by the Central Securities Depository in developing the financial market of the Republic of Moldova. “The Single Central Securities Depository will create new prospects and possibilities for banking and non-banking financial institutions, issuers of financial instruments, foreign and national investors and will become an efficient mechanism for protecting investors’ rights,” said Ion Sturzu.

The Depository was created based on the Law on the Single Central Securities Depository that was adopted in 2016 and will be the only institution in the Republic of Moldova that will provide a single storage system, discount rights and movements of state and corporate securities in the depository system.