OREANDA-NEWS. November 14, 2011. The law is aimed at development of the market of capitals by the implementing the directions of Euro Union in the field of the market of capitals and by the adjustment the legal basis of Moldova in accordance with European norms and requirements, Aurica Doina, the member of National committee on financial market says.

The document is to raise the level of protection of investors, to create and support well-balanced, effective and transparent market of capitals and to reduce system risks, she emphasizes. The draft law is conditionally divided in two types of norms. The first one is based on 10 directives of EU which relate to investment activity and services, proposals of financial instruments, misuses on the market and its transparency.

The second category of norms is not directly connected with EU requirements regarding market of capitals. But we decided to include these norms in the law to avoid gaps in regulating kinds of relations regarding bonds emission and state securities registration which are subject to public offering.

Aurica Doina noticed that capitals market draft law stipulates implementating of the best practices for development of market’s infrastructure, introducing modern IT, creating prerequisites for development and diversification of financial instruments and reduction of system risks.