The National Commission of the Financial Market’s Board of Directors Was Dismissed by the Parliament after Hearing their Report. Parliament Described the Commission’s Work as “unsatisfactory”

The National Commission of the Financial Market’s Board of Directors Was Dismissed by the Parliament after Hearing their Report. Parliament Described the Commission’s Work as “unsatisfactory”
by
13 September 2021 | 13:04

After about three hours of debates, questions, and answers, on the report of the activity of the National Financial Market Commission, the Parliament approved, with 54 votes, the dismissal of the institution’s Board of Directors.

The members of the National Commission of the Financial Market, Nina Dosca, Iurie Filip, Victor Captari, and Viorel Miron, together with the president of the Commission, Valeriu Chițan, were dismissed. The Parliament considered the activity of the members of the Board of Directors unsatisfactory and underperforming.

The National Commission of the Financial Market report contains 92 pages. The document contains a summary of the indicators and results related to the non-banking financial market sectors and points out certain weaknesses, constraints, and challenges in the process of implementing the assumed objectives. According to the report, in 2020, the National Commission of the Financial Market implemented several regulatory measures to support the non-banking financial market, mainly aiming at extending the reporting period for market participants and the deadline for holding annual general meetings of shareholders, in the purpose of not admitting the infringement of their patrimonial rights, but also the revision of the way of presenting the daily and periodic reports by the authorized subjects of the market.

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