Country Manual Products
Moldova
out of Bank’s Country of Establishment (Def, RS, BT & RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | Yes |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | No |
Definitions and Concepts, Regulatory Overview and Behaviour Template
Regulatory changes
The Moldovan Parliament has recently enacted legislation amending the Law on Capital Market No. 171 of 11 July 2012 (the “Framework Law”), as well as a number of other laws, including the Criminal Code. These amendments introduce a complete prohibition on the marketing, distribution, and sale of derivative financial instruments (such as Binary Options and leveraged CFDs) to Retail Investors.
The prohibition applies to both domestic and foreign service providers, but are not applicable to locally registered financial products, admitted to transactions on the Moldovan MTF, as operated by a locally licensed financial intermediary.
Material changes
In line with the regulatory changes outlined above, the Country Manual has been reviewed to ensure that the content of all the documents remains accurate and up to date. The changes/modifications are as follows:
The Country Manual Products Behaviour Template (CM P BT) answers the question whether such products may be distributed/marketed/sold to Retail Investors in relation to cross-border scenarios with: “Grey zone/NO: Please consider the national product intervention measures”.
Non-material changes
Some comments and content have been slightly reworded in the CM, without introducing substantive changes to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
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Geneva, September 24th, 2025