Specifically, this involves a corresponding bill to amend a number of regulatory acts, which the National Commission for the Financial Market has approved and forwarded to the Ministry of Finance for further processing. This bill, developed by the CNPF with the assistance of external partners, is intended to align the national regulatory framework for the capital market with EU legislation and ensure a comprehensive revision of the Capital Market Law in conjunction with the new legislative framework concerning financial instrument markets and the prudential supervision of investment firms, followed by its re-enactment in a new version. The main changes concern the modernization of the regulatory framework governing prospectuses and public offerings, strengthening issuers' obligations regarding transparency and disclosure, the development of an investor compensation mechanism, including through a gradual increase in the maximum compensation amount to the equivalent of 20,000 euros, and the strengthening of the system for preventing and punishing market abuse. In addition to these measures, the bill provides for amendments to the Criminal Code, the Code of Criminal Procedure, and the Code on Administrative Offenses to establish a system of sanctions necessary to ensure compliance with rules for preventing and combating market abuse, in accordance with the requirements of the EU acts being implemented. The bill also includes cooperation and reporting mechanisms and provides for the phased implementation of certain provisions, depending on the progress of Moldova's accession to the European Union. // 29.09.2026 — InfoMarket