Moldovan parliament to regulate process of sale of shares newly issued by insurers

16:13 | 20.12.2019 Category: Economic

Chisinau, 20 December /MOLDPRES/ - The parliament will regulate the process of putting for sale of the shares newly issued by insurers when enforcing the provisions of management of the suspended shares and establishing special administration on them. The parliament adopted a draft decision on the amendment of the law on insurances today.

The initiative belongs to MPs of the Party of Socialists (PSRM), Petru Burduja and Alla Darovannaia, and regards the procedure of cancellation, issuance and sale of the participation quotas held by the insurer’s shareholders who do not meet the rigours of the legal framework.

Under the new stipulations, the right to put to sale the newly issued shares at a re-evaluated price will be given to the insurer’s leadership bodies in the case of shares’ management and to the special manager in case of establishment of the insurer’s special administration. The supervision authority will be able to extend the term of putting for sale, as well as of changing the price.

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