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UNOFFICIAL TRANSLATION Note: This English language version of the Law is a working document and serves merely for information purposes. The National Bank of Moldova and its staff bear no responsibility for potential losses due to errors arising from the text translation. The only authentic text is that published in Monitorul Oficial al Republicii Moldova. LAW ON THE NATIONAL BANK OF MOLDOVA no. 548-XIII of July 21, 1995 Published in the Official Monitor of the Republic of Moldova no. 56-57/624 of 12.10.1995 CONTENT Chapter I GENERAL PROVISIONS Article 1. Legal Status of the National Bank of Moldova Article 2. Definitions used Article 3. The power of the National Bank Article 4. The primary objective Article 5. Basic tasks Article 6. Cooperation with state bodies Article 7. International cooperation Article 8. Communication with the public, Government and Parliament Article 9. Head Office Article 10. Accounts Article 11. Acts issued by the National Bank Article 111. Suspension of the enforcement of acts issued by the National Bank by the administrative court CHAPTER II MONETARY AND FOREIGN EXCHANGE POLICY Article 12. Repealed Article 13. Repealed Article 14. Monetary policy instruments Article 15. Open market operations Article 16. Foreign exchange operations and other operations Article 17. Minimum reserves of financial institutions Article 18. Credit to banks CHAPTER III FINANCIAL PROVISIONS Article 19. Capital Article 20. Profit distribution and losses coverage Article 21. The expenditure estimates CHAPTER IV ORGANIZATION AND ADMINISTRATION Article 22. Decision-making bodies of the National Bank Article 23. Composition of the decision-making bodies, appointment and dismissal of their members Article 24. Powers of the Governor Article 25. Incompatibilities and restrictions Article 26. Powers of the Supervisory Board Article 27. Powers of the Executive Board Article 28. Audit Committee Article 29. Repealed Article 30. Repealed Article 31. Meetings of the Supervisory Board Article 32. Personal interests of the members of the decision-making bodies Article 33. Internal Audit Article 34. Staff of the National Bank Article 35. Guarantees in the discharge of duties Article 36. Professional secrecy CHAPTER V FINANCIAL RELATIONS WITH STATE BODIES Article 37. Banker of the state and fiscal agent Article 38. Consultations and Reporting on Public Sector Borrowing Article 39. Deposits and cash desk operations Article 40. Fiscal agency tasks Article 41. Interdiction of crediting the state Article 42. Purchases of Government Securities Article 43. Provision of information CHAPTER VI RELATIONS WITH FINANCIAL INSTITUTIONS Article 44. Supervision and regulation of financial institutions activity Article 45. Deposit Services Article 46. Prudential Regulations Article 47. Submission of Information Article 48. Repealed Article 49. Information network for banks CHAPTER VI1 PAYMENT SYSTEM Article 491. Supervision of the payment system of the Republic of Moldova Article 492. Regulation and supervision of the payments services provision and of the issue of electronic currency Article 493. Provision of clearing and payment services CHAPTER VII THE REGULATION OF FOREIGN EXCHANGE OPERATIONS Article 50. Foreign exchange Control Article 51. Foreign exchange regulation Article 52. Reporting the foreign exchange operations Article 53. International reserve Article 54. Repealed Article 55. International payments and clearing agreements CHAPTER VIII NATIONAL CURRENCY Article 56. Monetary unit Article 57. The right to issue banknotes and coins Article 58. Legal tender Article 59. National currency features Article 60. Printing banknotes and minting coins Article 61. National currency exchange Article 62. Ensurance of monetary circulation Article 63. Keeping record of the currency issued Article 64. National currency withdrawal CHAPTER IX FINANCIAL STATEMENTS. EXTERNAL AUDIT. REPORTS Article 65. Financial year Article 66. Accounting Procedures Article 67. Annual financial statements Article 68. External audit Article 69. Submission and publication of financial statements and reports CHAPTER X MISCELLANEOUS PROVISIONS Article 70. Preferential right Article 71. Prohibited activities Article 72. Collection of statistical information Article 73. Repealed Article 74. Standards of adequate management Article 75. Sanctions and remedial measures Article 751. Finding of violations Article 752. Application of sanctions and remedial measures Article 76. Disputes settlement CHAPTER XI FINAL AND TRANSITORY PROVISIONS Article 761 Article 77 The Parliament has adopted the following law. CHAPTER I GENERAL PROVISIONS Article 1. Legal Status of the National Bank of Moldova (1) The National Bank of Moldova (equivalent name – the National Bank) is the central bank of the Republic of Moldova. (2) The National Bank of Moldova is an autonomous public legal entity and is responsible to the Parliament. (3) The National Bank is not subject to registration in the State Register of companies and in the State Register of organizations. (4) The National Bank may establish branches and representative offices within the state and abroad, where it deems necessary. Article 2. Definitions used For the purpose of this law, the following definitions shall be used: Bank – a financial institution engaged in the business of accepting from natural or legal persons deposits or their equivalents, that are transferable by way of different payment instruments, and that uses such funds in whole or in part to grant credits or to make investments on its own account and risk. Requirement – a requirement for assets or for any other values, submitted by a person to another person, a request to perform the payment for the reimbursement of the debt or of any other forms to settle the obligations. Debt security - any negotiable instrument of indebtedness or any other instrument equivalent to such instrument of indebtedness, and any negotiable instrument giving the right to acquire another negotiable debt security by subscription or exchange. Negotiable debt securities may be in form of certificates or in a book-entry form. Financial institution - a legal person engaged in the business of accepting deposits or their equivalents, that are not transferable by different payment instruments and that uses such funds in whole or in part to grant credits or to make investments on its own account and risk. Monetary liabilities - all liabilities reflected in the balance sheet of the National Bank, except the liabilities owed to the Government and to the International Monetary Fund. Ordinance – a mandatory rule issued by the National Bank in implementation of the present law, with regard to one or more financial institutions that constitute less than a category of financial institutions. Basic rate – the monetary policy interest rate set out by the Executive Board and published periodically by the National Bank. Recommendation – a non-compulsory instruction of the National Bank. Regulation – mandatory rule, issued by the National Bank in the implementation of the present law, with regard to one or more categories of financial institutions and other legal or natural persons. Article 3. The power of the National Bank The National Bank is empowered to: a) enter into contracts and issue obligations; b) acquire and dispose of movable and immovable property, in order to exercise its tasks and for its operational needs; c) take legal action in the court and to take part to proceedings as a subject. Article 4. The primary objective (1) The primary objective of the National Bank shall be to ensure and maintain the price stability. (2) Without prejudice to the primary objective, the National Bank shall promote and maintain a financial system based on market principles and shall support the general economic policy of the state. Article 5. Basic tasks (1) National Bank shall have the following basic tasks: a) establish and implement the state monetary and foreign exchange policy; b) act as banker and agent of the state; c) conduct economic and monetary analyses and, based on them, to submit proposals to the Government, to publish the results of the analyses; d) license, supervise and regulate the activity of financial institutions and branches of foreign banks; e) provide credits to banks; f) supervise the payment system of the Republic of Moldova and promote a stable and efficient functioning of the automated inter-bank payment system; g) act as the sole issuer of the national currency; h) establish the exchange rate regime of the national currency; i) hold and manage foreign exchange reserves of the state; j) undertake, in the name of the Republic of Moldova, obligations and perform transactions resulting from the participation of the Republic of Moldova in the activity of international public institutions in the banking, credit and monetary areas pursuant to conditions of international agreements; k) elaborate the balance of payments, international investment position and the statistics of the external debt of the Republic of Moldova; l) perform foreign exchange regulation on the territory of the Republic of Moldova; m) license, regulate and supervise the activity of providing payment services and the issuance of electronic currency. n) establish an unique central depository, operate, regulate and supervise its activity pursuant the tasks established by law on unique central depository and other normative acts. o) act as a resolution authority for the banks in accordance with the Law on banks’ recovery and resolution. (2) National Bank shall have the right to process personal data obtained in the course of its duties stipulated by the present law without the consent of the personal data subjects. (3) Personal data subjects shall not have the right to oppose the processing of personal data encompassed in the exercise of the National Bank duties stipulated in this law. (4) Processing of personal data obtained by the National Bank under this Article shall be carried out in accordance with the law on the protection of personal data. (5) In order to ensure the stability of the financial system, in cases of systemic financial crisis or threat of its occurrence, defined so by the national body created for the management of systemic financial crises, National Bank may decide to adopt measures for financial stabilization, by which National Bank may impose the suspension and/or limitation of any payment liability or delivery obligation resulting from any contract concluded with an entity supervised by the National Bank, or of any of its activity/operation, from the date of publication of this decision on the official website of the National Bank, for a period of up to 6 months. The decision on the application of measures for financial stabilization shall be taken by the National Bank in consultation with the Government. The measures for financial stabilization may be applied to all or certain categories of persons, as well to all or certain types of financial activities/operations, in foreign currency or in national currency. The conditions and procedures for application of the measures for financial stabilization shall be established by the National Bank of Moldova. [Art.5 amended by the Law no.233 of 03.10.2016, in force on 04.10.2016] [Art.5 amended by the Law no.62 of 08.04.2016, in force on 06.05.2016] [Art.5 amended by the Law no.242 of 29.12.2015, in force on 29.01.2016] Article 6. Cooperation with state bodies (1) The National Bank shall cooperate with the Government in pursuing its objectives and shall, in accordance with the present law, take the necessary actions in order to promote such cooperation. (2) The National Bank shall provide to the economic and financial bodies of the Government, upon their request, information on monetary and financial matters. These bodies shall also provide to the National Bank, upon its request, information concerning macroeconomic, monetary or financial matters. (3) Any draft normative act that is within the fields of competence of the National Bank shall be adopted by the public authorities after receiving of the National Bank’s opinion. The opinion shall be submitted within 30 days from the date of request. (4) The National Bank and the members of its decision-making bodies shall be independent in exercising the tasks conferred upon them by this law, and shall neither seek nor take instructions from public authorities or from any other authority. Public authorities, as well as any other authorities shall not seek to influence the members of the decision-making bodies of the National Bank in exercising their duties. (5) Without prejudice to the provisions of Article 11 paragraph (4) and Article 111, any public authority or any other third party cannot approve, suspend, cancel, censor, adjourn or condition the entry into force of the National Bank’s acts, neither may issue opinions ex-ante on National Bank’s acts, nor otherwise influence the issuance of the final act of the National Bank. [Art.6 amended by the Law no.62 of 08.04.2016, in force on 06.05.2016] Article 7. International cooperation (1) The National Bank shall represent the Republic of Moldova in intergovernmental meetings, councils and organizations on monetary policy matters, banking licensing and supervision, on banking inspection matters and other matters that are within its field of competence. (1)1National Bank of Moldova may conclude cooperation and exchange of information agreements with the authorities from other countries that are empowered with competences with regard to regulation and supervision of the financial and banking sector. Exchange of information shall be circumscribed exclusively to the purpose of performing the tasks that the respective authorities are in charge with, and the information provided by the National Bank shall be subject to requirements of keeping the professional secrecy similar to those referred to in Article 36. (2) The National Bank may provide banking services to foreign governmental, financial and banking institutions and to public international organizations in which the National Bank or the Republic of Moldova participates. (3) The National Bank may participate in international organizations that pursue financial and economic stability through international cooperation. (4) The National Bank, as agent of the Republic of Moldova may, within its powers, undertake obligations and perform transactions concerning the participation of the Republic of Moldova in international organizations. Article 8. Communication with the public, Government and Parliament (1) The National Bank shall periodically inform the public on the results of the macroeconomic analysis, the evolution of the financial market and on statistical information, including with regard to monetary supply, crediting, balance of payments and the state of the foreign exchange market. (2) The National Bank shall cooperate with the Government on financial and budgetary matters: (a) The Governor of the National Bank: - may attend and may address meetings of the Government, his speech being recorded in the minutes of meetings; - following the participation at the meeting, may submit written opinions on the matters addressed at the meeting. (b) The ministers responsible for economic and financial matters may attend the meetings of the Supervisory Board and of the Executive Board, without voting rights. (3) The Governor of the National Bank or the members of the Supervisory Board or Executive Board shall explain to the Parliament or to its standing committees the policy of the National Bank, and shall submit opinions on draft laws, upon the request of the Parliament. Article 9. Head Office The head office of the National Bank shall be in Chisinau. Article 10. Accounts The National Bank may open accounts in its books only on behalf of the state and its bodies, to the banks licensed and the foreign banks’ branches licensed by the National Bank, to banks in process of liquidation, to the Deposit Guarantee Fund in the banking system, to the legal entity that holds a license for central depository activity, to foreign central banks and international public financial institutions. The National Bank shall not open accounts to local public administration or to companies, including state owned companies. (2) Seizure, suspension of the operations or other preservation measures over the funds lodged in the banks accounts opened at the National Bank are not allowed. [Art.10 amended by the Law no.233 of 03.10.2016, in force on 04.10.2016] Article 11. Acts issued by the National Bank (1) In order to exercise its tasks, the National Bank shall have the right to issue decisions, regulations, instructions and ordinances. (2) The National Bank’s normative acts, that are mandatory for the financial institutions and other legal entities and natural persons, shall be published in the Official Monitor of the Republic of Moldova and shall enter into force on the date of their publication or on another date provided in the act, under the condition of informing the public. (21) The National Bank’s normative acts can be contested only by persons with respect to whom an act of individual character was adopted or was refused to be adopted based on the normative act that is being contested. The normative act based on which the act of individual character was adopted or was refused to be adopted can be contested only jointly with the appeal of the act of individual character. (3) The decisions on the interest rates on monetary policy instruments, the ordinances and other acts of the National Bank that do not have a normative character enter into force at the date of their adoption, if the respective acts do not provide otherwise. (31) The acts of individual character issued by the National Bank of Moldova are handed over to recipients against signature or by registered mail with confirmation of receipt. Registered mail with confirmation of receipt is addressed to the place of residence or headquarters of the person, as the case may be. If communication of the act is not possible via one of the methods specified in this paragraph, including when the recipient refuses to confirm acknowledgment, the act shall be considered communicated if it is available at the headquarters of the National Bank of Moldova. In the latter case, the proof of communication of the individual act is the official statement of the National Bank of Moldova about the availability of the act of individual character at the headquarters of the National Bank of Moldova, published within 10 days on National Bank’s website and in the Official Monitor of the Republic of Moldova, and the date of violation, within the meaning of Article 751, is considered the date of its publication in the Official Monitor of the Republic of Moldova. (32) The normative acts issued by the National Bank shall not be the object of legal expertise of the Ministry of Justice. The National Bank shall submit its normative acts, after adoption, to the Ministry of Justice to be registered in the State Register of Legal Acts. Registration term shall not exceed 3 working days. (33) The normative acts issued by the National Bank shall fall under the provisions of the Law no.239-XVI of 13 November, 2008 on transparency in decision making process. In the consultation of stakeholders on the elaboration of its normative acts, the National Bank shall request an advisory opinion from the Ministry of Justice. (4) The acts issued by the National Bank are subject to review of legality by the administrative courts, according to the procedure established in the Law on the administrative litigation and according to the requirements of this law. Provisions of other laws can be applied in cases concerning the contestation of the acts of the National Bank of Moldova only to the extent they do not conflict with the provisions set forth in this Law. (5) The acts issued by the National Bank are not subject to review of their appropriateness. (51) The acts of the National Bank of Moldova can be contested with the Executive Board of the National Bank of Moldova, by submitting a preliminary appeal within 30 days from the day of notification. The 30-day term does not cover normative acts. (52) Preliminary appeals to contest the acts of the National Bank of Moldova shall be addressed only to and reviewed only by the Executive Board of the National Bank of Moldova. (53) The Executive Board of the National Bank of Moldova shall review preliminary appeals on the acts of the National Bank of Moldova within 30 days from the day of submission. (6) Administrative lawsuits regarding the acts of the National Bank or its failure to settle an appeal within the legal term shall be submitted to a court in the territorial jurisdiction of which the National Bank has its head office, on condition of mandatory compliance with the preliminary appeal procedure provided in paragraphs (5¹) - (5³). Appeals or lawsuits shall not suspend enforcement of the acts issued by the National Bank of Moldova, unless the law provides otherwise. (7) The acts issued by the National Bank in the field of monetary and foreign exchange policy, including the safeguard measures, may be challenged only with regard to their adoption procedure. [Paragraph (8) art. 11 repealed by the Law no. 108 of 19.06.2014, in force on 15.08.2014] (9) The lawsuits challenging the acts issued by the National Bank in the field of monetary and foreign exchange policy, including safeguard measures, acts on special administration over the bank and on withdrawal of bank licenses, acts adopted in the process of assessing and supervising the quality of the shareholders of the legal entities supervised by the National Bank, measures implemented by the National Bank or by the special administrator during the period of special administration regime over a bank, as well as measures imposed by the National Bank of Moldova during liquidation of a bank, shall be settled by the court within three months from the filing date. [Art.11 amended by the Law no.233 of 03.10.2016, in force on 04.10.2016] [Art.11 amended by the Law no.62 of 08.04.2016, in force on 06.05.2016] Article 111. Suspension of the enforcement of acts issued by the National Bank by the administrative court (1) By way of derogation from the provisions of the Article 21, paragraphs (1) and (2) of the Law on administrative litigation no.793-XIV of 10.02.2000, the acts issued by the National Bank on the withdrawal of banking license and the measures imposed by the National Bank during the bank liquidation process cannot be suspended until the final settlement of the case, the provisions of the Article 38 paragraph (7) of the Law on financial institutions no.550-XIII of 21.07.1995 being applicable. (2) Suspension of enforcement of the acts of the National Bank of Moldova may be requested in an administrative court only after having contested these acts with the Executive Board of the National Bank of Moldova, within 30 days from the day of adoption by the Executive Board of the resolution regarding the preliminary appeal concerning these acts, or from the day when the deadline for settlement of the preliminary appeal expires. The 30-day term does not cover normative acts. (3) The administrative court may order the suspension of the enforcement of acts issued by the National Bank, only at the plaintiff request, submitted simultaneously with filing the suit and only if all of the following conditions are met: a) the reasons given by the plaintiff in support of his/her suit are pertinent and well founded and there is a prima facie case challenging the legality of the contested act. b) the plaintiff presents arguments based on facts that the circumstances of the case claim immediate suspension of the challenged administrative act, in order to prevent grave and irreparable damages to the plaintiff interests; c) the potential damages caused to the plaintiff exceeds the public interest pursued by adopting the challenged administrative act. (4) The burden of proving compliance with all criteria specified in paragraph (3) of this Article lies with the plaintiff. Until proof of the contrary is provided, the existence of a public interest for immediate and uninterrupted enforcement of the acts of the National Bank of Moldova is presumed. (41) While reviewing appeals to suspend the acts of the National Bank of Moldova, the court shall summon the parties to the lawsuit, specifying the day and hour of the court hearing and attaching the copy of the appeal to suspend the acts of the National Bank of Moldova, and shall also request the National Bank of Moldova to provide a note of reference on the appeal for suspension. (42) Within three working days from the day of receiving the copy of the claim to suspend enforcement of the acts of the National Bank of Moldova, the National Bank shall submit the note of reference on that claim. (43) The court shall decide on the appeal to suspend enforcement of the acts of the National Bank, within 5 days from the day of the submission of the NBM’s note of reference or from the day by which the note of reference should have been submitted. (5)The court may order the suspension of the enforcement of the acts of the National Bank of Moldova only in cases when all requirements specified in paragraph (3) are met cumulatively. The court shall pronounce a grounded procedural order on the suspension or the refusal to suspend the enforcement of the acts of the National Bank.” (6) The court judgment declaring the National Bank normative act illegal, partially or totally, shall be submitted immediately to the National Bank and shall be published without delay on the official website of the National Bank. (7) The procedural order of the court on the suspension or the refusal to suspend the acts of the National Bank of Moldova may be appealed, in accordance with the provisions of the Code of Civil Procedure of the Republic of Moldova. By derogation from Article 426, paragraph (3) of the Code of Civil Procedure, the appeal against the procedural order shall be reviewed within short time limits that shall not exceed 10 days from the day when the appeal was submitted. CHAPTER II MONETARY AND FOREIGN EXCHANGE POLICY Article 14. Monetary policy instruments With a view to exercising its monetary and foreign exchange policy tasks, the National Bank shall undertake measures, including those described in the present chapter. Article 15. Open market operations The National Bank may deal in financial markets in debt securities issued by the state, debt securities issued by the National Bank or any other debt securities by purchasing, holding and selling outright (spot and forward). Operations with debt securities issued by the State may be carried out by the National Bank on the secondary market exclusively. Article 16. Foreign exchange operations and other operations The National Bank shall have the right to: a) buy, sell and negotiate gold coins, gold bullions and other precious metals; b) buy, sell and negotiate foreign currency, using for these purposes the assets as described in Article 53 (1); c) purchase and sell treasury bills and other securities issued or guaranteed by foreign governments and international public financial institutions; d) establish the rate at which it will buy, sell or perform the operations mentioned at letters a) – c) Article 17. Minimum reserves of financial institutions (1) The National Bank shall prescribe to financial institutions the minimum reserves requirements related to deposits and other similar liabilities, specified for this purpose. Such reserves shall be maintained by way of retaining cash at the cash desk or in the correspondent accounts of the banks or in special accounts of the financial institutions held at the National Bank. Seizure, suspension of the operations, application of other preservation measures, and enforcement measures with regard to the funds lodged in the special accounts of required reserves, are not allowed. (2) The National Bank shall prescribe the same minimum reserves ratios for similar liabilities and shall determine the method of their calculation. The requirement with regard to maintaining and increasing the minimum reserves shall enter into force within at least ten days from the notification of the financial institutions. (3) The National Bank shall pay the interest rate for the minimum reserves quota that exceeds 5 per cent of the liabilities used for the calculation of these reserves or for a higher quota established in the National Bank regulation. (4) In case if the financial institutions fail to observe the requirements established with regard to minimum reserves, the National Bank shall apply a equal to the basic rate per day on the deficiency date plus 0.2 per cent multiplied with the deficiency for the entire period the deficiency continues. The fine shall be charged in the state budget by way of incontestable deduction from the account of the financial institution held at the National Bank. Article 18. Credit to banks (1) The National Bank may grant credits to banks under the terms established periodically by the National Bank and collateralized with: a) securities issued by the Government as a part of the public issue; b) securities issued by the National Bank; c) bills of exchange or promissory notes issued and made in good-faith for commercial, industrial, or agricultural purposes, bearing two or more endorsements, at least one of which must belong to a bank, and maturing within nine months from the date of their acquisition by the National Bank; d) ownership titles over goods and commodities fully insured against risk or loss at the level established by the National Bank; e) deposits and other accounts held at the National Bank or at any other financial institution accepted by the National Bank, containing any assets that the National Bank may buy, sell or negotiate; f) any other eligible financial assets established by the National Bank. (2) The credits provided for in paragraph (1) may take the form of payments in advance, loans, purchases, sales, discount or rediscount of negotiable instruments, either on a competitive or noncompetitive basis. (21) The National Bank may, at its full discretion, grant short-term emergency credits to solvent banks, collateralized with the assets mentioned in paragraph (1), in case of a high risk of liquidity shortage that may affect the financial system stability. (3) To ensure the stability of the financial system, in cases of systemic financial crisis or threat of its occurrence, defined so by the national body created for the management of systemic financial crises, the National Bank may provide to banks, at its full discretion, short-term emergency credits, collateralized with state guarantees or securities issued by the Government under similar terms to the terms of granting credits by the financial institutions to the Government of Republic of Moldova and depending on the capacity of servicing the state debt, negotiated in advance with the National Bank of Moldova, in accordance with the legislation. (4) The National Bank shall establish and periodically publish: a) the minimum interest rate for emergency credits intended for banks; b) the objective criteria, governing the eligibility of banks for granting emergency credits on a competitive basis. (5) The National Bank may establish different rates, ceilings for different classes of such transactions and maturity time limits. CHAPTER III FINANCIAL PROVISIONS Article 19. Capital (1) The capital of the National Bank includes the statutory capital, the reserve accounts constituted in accordance with the provisions of Article 66 and reserve accounts of unrealized gains. (2) The statutory capital is the sum of the authorized capital and of the general reserve fund. The authorized capital shall be subscribed and held exclusively by the state; the capital shall not be transferable or subject to encumbrance. (3) The statutory capital is dynamic and shall be formed from the annual profit available for distribution, from the income obtained according to Article 64 paragraph (3) and/or from the Government’s contributions, until it reaches the value of 10% of the total monetary liabilities of the National Bank and shall have the following structure: a) 1/3 – the authorized capital b) 2/3 – the general reserve fund (4) None of the decreases in the monetary liabilities’ level, neither during nor at the end of the financial year, shall imply the reduction of the previously created statutory capital. (5) The general reserve fund shall be used exclusively for covering the incurred losses in accordance with the results of the accounting period as at the end of the financial year. (6) If the general reserve fund has a debit balance at the end of the financial year, the Government, in the person of the Ministry of Finance, within 60 days from the receipt of the external auditor’s report on the financial situations of the National Bank, shall transfer to the National Bank, as a capital contribution, state securities bearing interest at market-related rates in the amount necessary to cover the debit balance. (7)The issue of capital contribution in the form of state securities and its transfer to the National Bank shall take place in a staggered manner, annually, in equal parts, during 5 years after the year when the debit balance of the general reserve fund was recorded. If during the next years, the National Bank will continue to incur losses, the amount by which these losses will contribute to the formation of the debit balance of the general reserve fund shall be staggered in the same manner. Article 20. Profit distribution and losses coverage (1) The result of the accounting period (profit/ loss) of the National Bank for each financial year shall be determined in accordance with the provisions of Article 66. (2) The profit available for distribution shall represent the result of the accounting period derived after: (a) deduction of all unrealized gains and their transfer in the corresponding reserve accounts of unrealized gains; (b) the defrayal of all the unrealized losses from the corresponding reserve accounts of unrealized gains until their balance is equal to zero. (c) the deduction of the incomes obtained according to article 64 paragraph (3) in the statutory capital within the limits provided for in article 19, paragraph (3). (3) The reserve accounts of unrealized gains shall be formed separately for each source generating these gains and shall be used for covering the unrealized losses of subsequent periods, generated merely by the sources that formed these reserves. (4) If the deduction of unrealized gains and/or the defrayal of unrealized losses provided for in paragraph (2) letter a) and b) exceeds the net profit, this excess shall be covered from the general reserve fund in accordance with Article 19 paragraph (5). (5) At the end of the financial year, the profit available for distribution shall be allocated for the increase of the statutory capital within the limits provided for in Article 19 paragraph (3). (6) The remaining profit available for distribution shall be transferred to the state budget within 15 days from the receipt of the external auditor’s report on the financial situations of the National Bank. Article 21. The expenditure estimates (1) Annually, all administrative expenditures and capital investments of the National Bank are provided in the expense estimate and in the investment allowances, accordingly, which are approved by the Supervisory Board and are verified during enforcement, according to the practices and procedures of the internal audit and control. (2) The legality and regularity of expenditure estimates and investments allowances of the National Bank shall be audited by the Court of Accounts. The public external audit of the Court of Accounts shall be limited to the examination of the operational efficiency of the decisions taken by the National Bank's management, excluding those related to the implementation of monetary and foreign exchange policy of the National Bank and to the state foreign exchange reserves management. CHAPTER IV ORGANIZATION AND ADMINISTRATION Article 22. Decision-making bodies of the National Bank (1) The decision-making bodies of the National Bank are the Supervisory Board and the Executive Board. (2) The Supervisory Board and the Executive Board are collegial bodies and their activity is regulated by this law and by the regulations of the National Bank. (3) The Supervisory Board is the body responsible for the organisation of an efficient system of public independent supervision of the activity of the National Bank. (4) The Executive Board shall exercise the executive management of the National Bank and ensure the independent performance of its basic tasks, as provided by law. Article 23. Composition of the decision-making bodies, appointment and dismissal of their members (1) The Supervisory Board consists of 7 members, as follows: a) aChairman, who is, at the same time, the Governor of the National Bank; b) a Deputy Chairman, who is, at the same time, the First Deputy Governor of the National Bank; c) a member who is, at the same time, a Deputy Governor of the National Bank; d) four members, who are not employees of the National Bank. (2) The Executive Board consists of 5 members, as follows: e)a Chairman, who is, at the same time, the Governor of the National Bank; f)a Deputy Chairman, who is, at the same time, the First Deputy Governor of the National Bank; g) 3 members, who are, at the same time, Deputy Governors of the National Bank. (3) The Governor of the National Bank is appointed by the Parliament upon the proposal of the Chairman of the Parliament. (4) The First Deputy Governor and the Deputy Governors of the National Bank are appointed by the Parliament upon the proposal of the National Bank Governor. (5) The member of the Supervisory Board referred to in paragraph (1), letter c) is appointed by the Parliament upon the proposal of the National Bank Governor, and the members of the Supervisory Board referred to in paragraph (1), letter d) are appointed by the Parliament, upon the proposal of the Commission of economy, budget and finance of the Parliament, according to the procedure established by the Commission. (6) A candidate may be proposed to the Parliament for appointment at most twice in the course of a year. (7) Candidates to the function of member of the Supervisory Board and of the Executive Board shall hold the citizenship of the Republic of Moldova, a university degree , have a good reputation and, in the case of the candidate to the membership of the Supervisory Board, a work experience of at least 10 years in the financial, legal or auditing field or in a scientific or academic position in the these fields or, in the case of the candidate to the membership of the Executive Board a work experience of at least 10 years in the financial or monetary field. (8) Members of the Supervisory Board and of the Executive Board are appointed for a period of 7 years, with the possibility of renewing the mandate. On the expiry of the mandate, the member of the Supervisory Board or Executive Board shall hold office until the appointment of a new member. (9) Members of the Supervisory Board and Executive Board may resign, under the condition of a 3 month prior notification in written form submitted to the public authority that appointed them. (10) Any member of the Supervisory Board or Executive Board may be dismissed by the Parliament according to the procedures set out in paragraph (11), only in case he/she no longer fulfils the conditions required for the performance of his/her duties, committed a serious misconduct, concluded directly or through a third party a legal act, participated in a making decision process without solving the real conflict of interest in accordance with the legislation regulating the conflicts of interests, failed to submit his/her declaration of assets and personal interests or refused its submission, under Article 27 paragraph (8) of the Law no.132 of 17 June, 2016 on the National Integrity Authority, or was ordered by the court, by irrevocable decision, the confiscation of unjustified property. [Art.23 paragraph (10) amended by the Law no.134 of 17.06.2016, in force 01.08.2016] (11) The Chairman of the Supervisory Board is dismissed at the proposal of the Chairman of the Parliament, by the vote of 2/3 of the total number of the elected members of the Parliament. The dismissal of the other members of the Supervisory Board and Executive Board is carried out at the proposal of the Supervisory Board, proposed at the request of the Governor of the National Bank or upon the proposal of the Chairman of the Parliament by the vote of the majority of the elected members of the Parliament. (12) The decision on the dismissal of a member of the Supervisory Board or Executive Board may be appealed before the Chisinau Court of Appeal, within a period of 15 days from its publication in the Official Monitor of the Republic of Moldova. (13) The Parliament appoints the members of the Supervisory Board and Executive Board to the functions that became vacant within a period of at most 3 months from the date the function became vacant. Article 24. Powers of the Governor (1) The Governor shall be responsible for the formulation of monetary and foreign exchange policy initiatives in order to present them to the Executive Board and for their execution. The Governor organizes and manage the activity of the National Bank, takes action on its behalf without any power of attorney, represents the National Bank in its relations with any legal entity or natural person in the Republic of Moldova, as well as abroad, issues mandatory orders and prescriptions for the employees of the National Bank, controls their execution, signs, directly or through persons empowered by him, agreements and other acts concluded by the National Bank. (2) In the absence of the Governor or if he/she is unable to discharge his/her duties, the Governor shall be replaced by the First Deputy Governor, or, in the absence of the First Deputy Governor, by one of the Deputy Governors who is empowered according to the internal regulations of the National Bank. The Governor may delegate some of his/her powers to the members of the Executive Board and to the Heads of the National Bank subdivisions. Article 25. Incompatibilities and restrictions (1) Members of the decision-making bodies of the National Bank shall not be members of the Parliament, members of the Government, members of a political party or a social-political faction, part of the judicial authority or public administration, and shall not carry out or participate to activities of political character, get involved in electoral propaganda in favour of a party or social-political faction. (2) Members of the decision-making bodies and the staff of the National Bank shall not carry out activities that may generate a conflict of interests in the process of performing their duties. The members of the Executive Board shall not perform remunerated activities, except for teaching and scientific research activities or activities laid down in the operating Regulation of the Executive Board, or the designations by the National Bank of Moldova under the Law on Bank Recovery and Resolution, in this case the mandate shall be suspended. (3) Members of the decision-making bodies, for a period of one year after their dismissal or resignation, shall not be members of the management bodies of the entities regulated and supervised by the National Bank except the designations by the National Bank of Moldova under the Law on Bank Recovery and Resolution. (4) Members of the decision-making bodies hold public dignity positions by appointment and fall under the applicable provisions of the legislation on the status of the persons holding public dignity positions, to the extent to which this law does not provide otherwise. (5) The staff carrying out supervisory functions shall be prohibited from participating in expertise commissions, as well as in any other investigation actions that are beyond the duties and competences conferred by the law. [Art.25 amended by the Law no.233 of 03.10.2016, in force on 04.10.2016] Article 26. Powers of the Supervisory Board (1) In the exercise of the supervisory powers, provided for in Art. 22, paragraph (3), the Supervisory Board shall have the following duties: a) approve the annual report and the annual financial statements that are to be submitted by the National Bank to the competent authorities; b) adopt the standards of the internal control system, verify and evaluate continuously the functioning of the internal control system and its elements; c) appoint the Comptroller General upon the proposal of the Audit Committee and decide on his/her remuneration by the vote of at least 2/3 of the appointed members; d) adopt the rules of professional ethics in the National Bank; e) decide on the remuneration fund of the National Bank and remuneration of the members of the Executive Board by the vote of at least 2/3 of the appointed members; f) decide on the conditions of granting loans to National Bank employees; g) establish the nominal value and design of the banknotes and coins, the way of placing them into circulation and the conditions of withdrawing them from circulation by the vote of at least 2/3 of the appointed members; h) make proposals with regard to the increase of the capital of the National Bank by the vote of at least 2/3 of the appointed members; i) approve and monitor the enforcement of the National Bank expense estimate and the investment allowances of the National Bank; j) select on a tender basis the external audit organization ; k) determine the amount of monthly allowances of the members of the Supervisory Board who are not members of the Executive Board by the vote of at least 2/3 of the appointed members. The amount of monthly allowances is established up to 50% of the average amount of the average monthly income obtained in the last 12 months at the National Bank by the members of the Executive Board holding this position no less than 12 months on the date of the establishment; l) establish the way of creating and functioning of the Monetary Council, Investments Committee, Audit Committee, Prudential Supervision Committee and other committees that may operate within the National Bank; m) approve, by the vote of at least 2/3 of the appointed members, the submission to the Parliament of proposals on the dismissal of the members of the decision-making bodies, based on the request of the Governor; n) approve internal regulations related to the exercise of the duties provided for in this paragraph, by the vote of at least 2/3 of the appointed members. (2) Supervisory Board may request information necessary for the exercise of its duties only from the Executive Board, by submitting a written request to the Executive Board. The information requested shall be provided to the Supervisory Board by decision of the Executive Board. (3) Supervisory Board submits reports to the Parliament, at least annually, with regard to the supervisory activity carried out. [Art.26 amended by the Law no.233 of 03.10.2016, in force on 04.10.2016] Article 27. Powers of the Executive Board (1) The Executive Board shall have the following powers: a) establish the State monetary policy, including the limits of the interest rates for the monetary policy instruments, conditions for granting loans, type and level of required reserves maintained by financial institutions with the National Bank; b) establish the foreign exchange policy and the exchange rate regime for the national currency; c) adopt the normative acts of the National Bank and approve the recommendations that are to be submitted by the National Bank to the competent authorities; d) approve, by the vote of at least 2/3 of the members of the Board that are present at the meeting, each granting of loan or the use of other financial instruments in favour of a bank, according to Article 18 paragraph (3); e) ensure the implementation of the Supervisory Board decisions, taken in accordance with Article 26; f) decide on the way of issuing licenses, authorizations, permissions, approvals that are to be issued by the National Bank according to the legislation in force; g) plan and organise the National Bank current activity; h) examine, where appropriate, the results of the inspections performed at the entities supervised by the National Bank, and adopt decisions related to them; i) decide on the issuance of National Bank receivables, the amount and the conditions for issuing them. (2) Executive Board shall perform any other duties, which are not assigned by law to the Supervisory Board. (3) The meetings of the Executive Board shall be convened by its Chairman at least once in a month and shall take place according to the provisions of Article 31. The meetings may be also convened upon written request of at least three members of the Executive Board. Article 28. Audit Committee (1) Audit Committee is created by the decision of the Supervisory Board. (2) The Audit Committee consists of 3 members of the Supervisory Board that are not employees of the National Bank. (3) The Audit Committee shall have the following duties: a) monitor the process of financial reporting of the National Bank; b) monitor the efficiency of the internal control system and the risk management; c) monitor and direct the internal audit function; d) monitor the independence and the activity of the external audit. (4) The detailed areas of competence of the Audit Committee are established by an internal regulation, approved by the Supervisory Board. (5) The Audit Committee shall submit to the Supervisory Board, at least annually, reports on its monitoring activity, which shall contain recommendations for the optimization and development of the activity processes of the National Bank. Articles 29 and 30 repealed by Law No.147 of 30.07.2015 for the amendment and supplement of some normative acts, in force as of 21.08.2015 Article 31. Meetings of the Supervisory Board (1) The Governor or, in his/her absence, the First Deputy Governor shall chair the meetings of the Supervisory Board. (2) The meetings of the Supervisory Board shall be convened by the Governor at least quarterly. The meetings may be also convened upon a written request of 4 members of the Board. (3) The decision to convene the meetings of the Supervisory Board shall be communicated to all the members at least five working days prior to the meeting, except for the emergency situations, when the meetings may be convened immediately. At the same time, the members of the Supervisory Board shall be notified with regard to the date, venue and agenda of the meeting. (4) Each member of the Supervisory Board shall have one vote. The quorum of a meeting of the Supervisory Board is met in the presence of more than a half of the appointed members of the Supervisory Board , including the Governor or the First Deputy Governor. (5) The meetings of the Supervisory Board shall be secret. The Supervisory Board may decide to publish all or some of its decisions in accordance with the Law on Commercial Secret. (6) The decisions of the Supervisory Board shall be adopted with the simple majority of the votes of the members of the Supervisory Board who are present at the meeting, except for the cases provided by law or the acts of the National Bank. Only members of the Supervisory Board who are present at the meeting shall have the right to vote. In the event of a tie, the chairman of the meeting shall have the decisive vote. (7) Decisions of the Supervisory Board shall be issued under the signature of the Chairman of the Meeting. (8) No decision of the Supervisory Board shall be invalidated based on the existence of vacancies in the Supervisory Board. (9) Decisions of the Supervisory Board shall remain valid notwithstanding the subsequent discovery of some irregularities related to the appointment of the Supervisory Board member, to eligibility or professional qualification. (10) At any meeting of the Supervisory Board minutes shall be draw up and signed by the Chairman of the meeting and by the Secretary of the Supervisory Board. Article 32. Personal interests of the members of the decision-making bodies (1) Upon the appointment and annually thereafter, members of the decision-making bodies shall disclose to the Board all their direct or indirect financial interests and those of their family members , in the manner established by the Council. (2) Whenever any matter related to such interests is examined, the member of the decision-making body shall inform the Supervisory Board or the Executive Board about these interests at the beginning of debates and shall not participate in the examination and the voting on this matter. However, his presence shall be taken into account when establishing the quorum. Article 33. Internal Audit (1) National Bank shall have an internal audit body, composed of persons having competences in audit, accounting, finance and information technologies and shall be headed by the Comptroller General. (2) Comptroller General of the National Bank shall be appointed for a period of 5 years by the Supervisory Board upon the proposal of the Audit Committee and shall be dismissed by way of a reasoned decision of the Supervisory Board. The Comptroller General may resign from office under the condition of 3 month prior notification submitted to the Chairman of the Supervisory Board. (3) The Comptroller General jointly with the auditors of the internal audit body shall have the following duties: a) establish the procedures of internal audit; b) examine and assess the activity processes, including the quality of control and risk management methods, the information systems used, to examine other subjects, aiming at ensuring due observance of the legal requirements in force and internal rules; c) examine the financial statements and the enforcement of the National Bank expenses estimate and investment allowances, confirming that by a notice; (4) The internal audit body is subordinated and reports to the Supervisory Board. Article 34. Staff of the National Bank (1) The Executive Board shall adopt the Regulation on the staff of the National Bank. (2) The Governor shall appoint and dismiss the staff of the National Bank in accordance with the conditions established by the Executive Board. (3) The Executive Board shall decide upon the remuneration of the staff of the National Bank in accordance with the legislation. The National Bank shall establish and maintain the remuneration system of its employees in a way that ensures the internal equity and external competiveness, strengthens the institutional capacity, the continuity of the activity and the human resources, according to international accepted principles. In this regard, the level of remuneration of the National Bank employees shall not be below the level of remuneration for positions of similar impact and complexity from the banking sector and/or the general market of specialized services. (4) By way of derogation from the provisions of the Article 71 and 72 of the Labour Code, the National Bank may detach its officials to the unique central depository for a period of up to 5 years. (5) The staff of the National Bank is obliged to report any loans, except for those received from the National Bank, to the internal audit body, which shall record them. The Executive Board may establish the maximum limits for loans received from financial institutions by the National Bank staff. [Art.34 amended by the Law no.233 of 03.10.2016, in force on 04.10.2016] [Art.34 amended by the Law no.62 of 08.04.2016, in force on 06.05.2016] Article 35. Guarantees in the discharge of duties (1) National Bank, the members of the decision-making bodies of the National Bank, liquidator appointed by it, and its employees shall not be liable under the civil, administrative or criminal law, for the acts or facts performed or for failure to fulfil certain acts or facts related to exercising the duties conferred to the National Bank by the law, including for performing internal operations circumscribed the exercising of these duties, except for the cases when the judicial court finds the fulfilment or omission to fulfil by these people, with bad-faith, of any act or fact related to the exercise of the National Bank`s duties, which caused damage to third parties. 2) National Bank will cover the expenses incurred as a result of the criminal, civil or administrative proceedings against the persons mentioned in paragraph (1), for the acts or facts performed by them or for the failure to fulfil certain acts or facts conferred to National Bank under law during exercising their duties , including for performing internal operations circumscribed to exercise these duties. For the purposes of this Article, the meaning of the expenses incurred as a result of the criminal, civil or administrative proceedings shall be read to include at least the legal assistance expenditure and expertise expenses, unless the National Bank regulations do not provide any other type of expenditure. The National Bank shall issue regulations in order to regulate the types of expenditure incurred and the defrayal procedures. (3) The members of the decision-making bodies of the National Bank may be retained, arrested or be subject to contraventional or criminal liability only under the decision of the General Prosecutor. (4) The provisions of the paragraphs (1) and (2) of this Article shall apply even after the termination of the mandate or employment contract of the persons mentioned at paragraph (1), for the acts or facts performed or for the failure to fulfil certain acts or facts in exercising their duties during the period within which he or she has the status of employee, liquidator or member of the executive body. [Art.35 amended by the Law no.233 of 03.10.2016, in force on 04.10.2016] [Art.35 amended by the Law no.62 of 08.04.2016, in force 06.05.2016] Article 36. Professional secrecy (1) Members of the decision-making bodies, employees of the National Bank, expert accountants, certified accountants and other specialists appointed by the National Bank, according to the law, to carry out the control (inspection), as well as the auditors are obliged to preserve the professional secrecy over any information that represents banking secret, fiscal, commercial or other secret protected by law, which they become aware of during the execution of their obligations. These persons are obliged to keep professional secrecy even after the termination of their activity at the National Bank or after the termination of the relationships of other nature with it. (2) The obligation to preserve the professional secrecy shall cover also the confidential information created by the National Bank for the purpose or in connection with carrying out of its tasks, the disclosure of which can damage the interest or reputation of the person concerned. (3) Persons referred to in paragraph (1) may use the information covered by professional secrecy only for the purpose and within the performance of their obligations related to the tasks of the National Bank. The persons referred to do not have the right to use the information that constitutes professional secret for personal interest or in the interest of third parties, to disclose this information or to allow its use by third parties or to allow the third parties access to this information. (4) The information covered by professional secrecy can be disclosed or provided in the following situations: a) with the express consent of the person concerned by this information; b) when this information shall be published according to the legislation; c) if the information is provided in summarized or aggregated form, so that the bank or the person concerned can not be identified, as well as when carrying out the tasks of informing the public; d) in the cases foreseen in Article 22 of the Law on financial institutions nr. 550-XIII from 21.07.1995, which shall apply accordingly; e) in the framework of cooperation agreements with other public authorities or on the National Bank's initiative, for the purpose of carrying out specific tasks of supervision and control over the observance of the legal provisions; f) in case of providing this information to the Fund of Deposit Guarantee in the banking system, necessary for the performance of its duties. g) in the framework of proceedings related to the forced liquidation of a bank, except for the information referring to third parties involved in actions related to the liquidation of the bank; h) when the National Bank’s interests require the disclosure of such information in judicial proceedings; i) at the request of central banks, supervisory bodies of the banks, financial markets and payment systems from other states; (5) Persons and bodies empowered to request and receive information that constitutes a professional secret are obliged to keep it confidential and may use it only for the purpose for which they have requested it or for which it was provided to them, according to the law or the agreements concluded, and shall not provide it and nor disclose it to third parties, except for the cases of performing their obligations prescribed by law. (6) Information that constitutes professional secret may be provided to central banks, banking, financial market and payment systems supervision bodies of a foreign state on the basis of the reciprocity principle in the manner prescribed by international treaties to which Moldova is a party and of by the agreements concluded between the National Bank and banking, financial market and payment systems supervision bodies of a foreign state. (7) When the information covered by professional secrecy comes from a foreign state, it may be disclosed or provided only with the express consent of the competent body which has provided the information and, where applicable, only for the purpose for which the consent has been given. CHAPTER V FINANCIAL RELATIONS WITH STATE BODIES Article 37. Banker and agent of the state (1) The National Bank shall act as banker and agent of the state and its bodies. No transaction or operation carried out by the National Bank may result in granting financial assistance to the mentioned bodies. (2) The National Bank shall have the duty to consult the Government on all significant monetary and financial matters that are within its field of competence, and the Government shall have the duty to consult the National Bank on matters that are within its field of competence. (3) Annually, at the elaboration of the state budget, the Government shall seek the advice of the National Bank on financial and economic matters, and the National Bank shall submit to the Government a report on these matters. [Art.37 amended by the Law no.242 of 29.12.2015, in force on 29.01.2016] Article 38. Consultations and Reporting on Public Sector Borrowing Annually, the Government shall seek the advice of the National Bank on the Government’s objectives with regard to the domestic and external borrowings of the public sector for the next financial year, including the amounts to be contracted and the conditions of such borrowings. The borrowings of the state and its bodies shall be reported to the National Bank in the manner established by the National Bank. All such borrowings shall be contracted according to the legislation. Article 39. Deposits and cash desk operations (1) Based on the Government request, the National Bank shall accept deposits from the Ministry of Finance and other state bodies, under market conditions, pursuant to the regulations of the National Bank. As depository, the National Bank shall receive and release money, keep the accounts record and provide any other financial services. The National Bank shall make payments within the balance limits of these accounts. (2) The National Bank may authorize other banks to accept such deposits under the conditions mutually agreed. (3) Taxes, fees and other compulsory payments, which were charged from the tax payers to the state budget accounts and to the special funds of the banks that provide the services shall be transferred to the treasury sole account (CUT) at the National Bank or to the corresponding accounts of the administrative-territorial units’ budgets not later than the end of the day following the day when the payments were made. For each day of delay, the banks shall pay a fine of 5 per cent from the amounts transferred with delay. Article 40. Agent of the state tasks National Bank, by agreement with the Ministry of Finance, acts as the State agent for state securities in book-entry form regarding: a) organization and development, on behalf of the Ministry of Finance, of the placement of state securities on the internal market; b) recording in the book-entry system of securities held by the National Bank; c) payment of principal amount, discount, the interest and other payments related to state securities; d) providing consultancy for Ministry of Finance in the continued development of state securities market; e) other operations in accordance with the fundamental objective and basic tasks of the National Bank. [Art.40 amended by the Law no.242 of 29.12.2015, in force on 29.01.2016] Article 41. Interdiction of crediting the state The National Bank shall not grant loans and guarantees in any form to the state or its bodies, including by way of acquiring state securities on the primary market or by providing overnight loans.. Article 42. Purchases of Government Securities No provision in this Chapter shall prohibit the National Bank from purchasing and selling, on the secondary market, debt securities issued by the state: a) under the condition that the National Bank shall purchase securities that have been publicly issued only by way of open market operations,; b) in connection with granting credits to banks. Article 43. Provision of information The National Bank shall receive from the state bodies all the economic and financial information and documents, which are necessary for carrying out its tasks. CHAPTER VI RELATIONS WITH FINANCIAL INSTITUTIONS Article 44. Supervision and regulation of financial institutions activity The National Bank is exclusively responsible for the licensing, supervision and regulation of the financial institutions activity. To that end, the National Bank shall be empowered: a) to issue the necessary regulations and to take the proper actions in order to perform its powers and duties under this law, by way of licensing financial institutions and elaborating supervision standards and establishing the way of implementing the regulations and measures mentioned above; b) to perform, through its staff or other qualified professionals involved for this purpose, inspections over all financial institutions, and to examine these institutions’ books, documents and accounts, conditions in which the business is carried out and financial institutions’ compliance with the legislation; c) to require any employee of the financial institution to provide the National Bank with the information necessary for the purpose of supervision of the and regulating the activity of financial institutions; d) to prescribe to any financial institution remedial measures or to apply the sanctions foreseen in the Law on Financial Institutions, if the financial institution or its employees: - have violated the provisions of the Law on Financial Institutions or a regulation of the National Bank; - have violated a fiduciary duty; - have engaged in unsafe or unsound operations of the financial institution or any of its branches. Article 45. Deposit Services The National Bank may open accounts for and accept deposits from banks doing business in the Republic under the conditions established by the National Bank with regard to the payment of interest rates and charges. Article 46. Prudential Regulations Each financial institution shall comply with the requirements provided for in the regulations of the National Bank, concerning: a) balance sheet accounts, off - balance - sheet liabilities, income and expenditures related to specific indicators of the accounts; b) restrictions or conditions concerning specific types of credit or investments that exceed the established amount; specific commitments of a risk-bearing nature; harmonizing the maturity of assets and liabilities and of the off-balance sheet items; open foreign currency positions, swap operations, options or other similar positions; the access to the payment system. Article 47. Submission of Information (1) Financial Institutions are obliged to furnish to the National Bank any information and data as the National Bank may require for the discharge of its functions and responsibilities. (2) The National Bank may publish such information and data in a wholly or partly aggregated form, according to the categories of the financial institutions, as classified according to their type of business. Article 48 repealed by Law No.147 of 30.07.2015 for the amendment and supplement of some normative acts, in force as of 21.08.2015 Article 49. Information network for banks The National Bank may create and maintain an information network for the needs of the banking system. CHAPTER VI1 PAYMENT SYSTEM Article 491. Supervision of the payment system of the Republic of Moldova (1) National Bank supervises the payment and clearing systems, payment instruments and other components of the payment system of the Republic of Moldova, which stable and efficient functioning is essential for the financial stability, for the implementation of the monetary policy and for the promotion of public trust in carrying out cashless payments. (2) In order to supervise the payment system in the Republic of Moldova, the National Bank is entitled to: a) enact policies in which to establish the principles and the modality of organizing the supervision of the payment and clearing systems, payment instruments and other components of the payment system that will be subject to supervision; b) adopt normative acts that establish the conditions and the organization, functioning and use of the payment and clearing systems, the payment instruments, other components of the payment systems of the Republic of Moldova; c) request and receive information and reports from the operators (administrators) and the participants to the payment and clearing systems; d) perform control over the organization and functioning of the payment and clearing systems, over the activity of operators (administrators) and participants to the payment and clearing systems; e) apply remedial measures and sanctions to operators (administrators) of the payment and clearing systems. Article 492. Regulation and supervision of the payments services provision and of the issue of electronic currency National Bank is the public authority that regulates, supervises and licenses the activity of banks and payment companies consisting of providing payment services, as well as the activity of issuing electronic currency under this law and other laws. For this purpose, the National Bank is empowered to: a) enact normative acts regulating the activity related to the provision of payment services and issue of electronic currency; b) supervise the activity of payment services providers and electronic currency issuers, licenced by it; c) perform, through its officers and other experts, controls over payment services providers and electronic currency issuers licensed by it, as well as to examine their registers, documents and accounts, the conditions of activity and compliance with legislation; d) request and receive from any employee of the payment services providers and electronic currency issuers licensed by it, the information necessary for the regulation and supervision of their activity; e) apply remedial measures and sanctions to the payment systems providers and electronic currency issuers licensed by it. Article 493. Provision of clearing and payment services National Bank may provide clearing and payment services to banks and other eligible institutions, as well as may establish rules and enact the respective normative acts. CHAPTER VII THE REGULATION OF FOREIGN EXCHANGE OPERATIONS Article 50. Foreign exchange Control The National Bank, as a foreign exchange control body,, performs, within the limits of its competence, the control over the observance of the foreign exchange legislation. Article 51. Foreign exchange regulation In the field of foreign exchange regulation, he National Bank shall: a) issue normative acts for the regulation (including authorization and reporting) of foreign exchange operations of individuals and legal entities, including those of financial institutions and state bodies; b) license, withdraw the licenses of, supervise and regulate the activity of foreign exchange entities, including banks; Letter c) repealed by Law No.147 of 30.07.2015 for the amendment and supplement of some normative acts, in force as of 21.08.2015 d) establish the method for the determination of the rate of Moldovan Leu against foreign currencies. Article 52. Reporting the foreign exchange operations Banks, foreign exchange entities (other than banks), other legal entities and natural persons are obliged to report to the National Bank on the foreign exchange operations in accordance with the provisions of foreign exchange legislation. Article 53. International reserve (1) The National Bank shall hold in its balance sheet the international reserves of the state, which consist of the following assets: a) gold; b) foreign currency in the form of banknotes and coins or bank accounts held abroad in foreign currencies; c) any other assets internationally recognized; d) bills of exchange payable in foreign currencies; e) receivables expressed in and payable in a foreign currency, issued or collateralized by foreign states, their central banks or international public financial institutions, as well as forward purchase and repurchase agreements concluded with or collateralized by them. (2) The main criteria in selecting reserve assets shall be safety of principal and liquidity. (3) The National Bank shall maintain the international reserve at the level which, in the National Bank’s opinion, is adequate for the implementation of the monetary and foreign exchange policies of the state. (4) If the international reserve diminishes or the National Bank estimates that it is going to diminish to such an extent as to jeopardize the implementation of the foreign exchange policy or the timely fulfillment of the international transactions, the National Bank shall submit to the Parliament and to the Government a report on the state of international reserves and on the causes which have led or may lead to such a reduction. The report shall also contain recommendations to remedy the situation. (5) The National Bank shall continue to make such reports and recommendations, until, in its opinion, the situation has been remedied. Article 54. [Art.54 repealed by the Law nr.382-XVI of 07.12.2006, in force 22.12.2006] Article 55. International payments and clearing agreements The National Bank may conclude payments and clearing agreements or any other similar contracts with public or private central clearing institutions from other countries, both on its own behalf and on the behalf of the and at the assignment of the state bodies. CHAPTER VIII NATIONAL CURRENCY Article 56. Monetary unit (1) The monetary unit of the Republic shall be the Moldovan Leu. One Leu is divided in one hundred bani. (2) The Moldovan Leu shall be the legal tender within the territory of the Republic of Moldova. Article 57. The right to issue banknotes and coins The National Bank shall have the exclusive right to issue on the territory of the Republic of Moldova banknotes and coins as legal tender, as well as commemorative and jubilee banknotes and coins as legal tender and for numismatic purposes. Article 58. Legal tender Banknotes and coins, issued as legal tender by the National Bank and not withdrawn from circulation, shall be accepted at their nominal value for the payment of all public and private debts on the territory of the Republic of Moldova. Article 59. National currency features (1) The National Bank shall establish the nominal value, dimensions, weight, design and other features of the banknotes and coins that are legal tender in the Republic of Moldova. (2) The banknotes bear the signature of the National Bank Governor. (3) Any color reproduction of banknotes and coins, with the dimension from 2/3 to 4/3, partial or integral, for advertising purpose, for information or other commercial purposes is prohibited. Article 60. Printing banknotes and minting coins The National Bank shall organize the printing of banknotes and the minting of coins and shall take measures for the safekeeping of banknotes and coins, which are not placed into circulation, for the withdrawal and destruction of the banknotes and coins withdrawn from circulation. Article 61. National currency exchange (1) The National Bank may exchange the national currency that is legal tender in the Republic of Moldova. (2) Worn out banknotes and coins shall be withdrawn, destroyed and replaced with other banknotes and coins by the National Bank. (3) The National Bank may refuse to exchange banknotes and coins, if the way of their submission does not correspond to the rules established by it. Article 62. Ensurance of monetary circulation (1) The National Bank shall ensure the supply of banknotes and coins in order to meet the requirements of the monetary circulation. (2) National Bank may charge commissions when putting banknotes and coins into circulation as a legal tender and may set the price which is different from the nominal value, for the sale of commemorative and jubilee banknotes and coins. Article 63. Keeping record of the currency issued The aggregate amount of circulating banknotes and coins shall be recorded in the books of the National Bank as liabilities of the National Bank. These liabilities shall not include banknotes and coins placed in the cash reserve. Article 64. National currency withdrawal (1) The National Bank has the exclusive right to withdraw from circulation any previously issued banknotes or coins. (2) At the end of the exchange period, withdrawn banknotes and coins shall cease to be legal tender. (3) The total amount of banknotes and coins withdrawn from circulation, but not replaced during the period established by the National Bank shall be deducted from the total cash in circulation registered in the accounting records and recorded as income of the National Bank. CHAPTER IX FINANCIAL STATEMENTS. EXTERNAL AUDIT. REPORTS Article 65. Financial year The financial year of the National Bank shall begin on 1st of January and end on 31st of December. Article 66. Accounting Procedures National Bank shall maintain at all times accounts and records adequate to reflect, in accordance with internationally accepted accounting practices, its operations and financial condition. Article 67. Annual financial statements At the end of each financial year, the National Bank shall prepare financial statements in accordance with financial reporting standards accepted in the international practice. Article 68. External audit The annual financial situations, accounts and records of the National Bank shall be subject to annual external audit, in accordance with international standards on auditing, conducted by an external audit organization, which shall be independent, with a recognized reputation and experience in the auditing of central banks and international financial institutions, selected by the Supervisory Board on auction basis. The external auditor’s report shall be published together with the annual financial situations of the National Bank. The same external audit organization may not be appointed consecutively for a period exceeding five years. Article 69. Submission and publication of financial statements and reports (1) National Bank shall submit to the Parliament on an annual basis, within four months from the conclusion of each financial year, a report that includes information on: a) financial statements certified by the external auditor; b) activity and its operations for the concluded financial year; c) economic situation of the State. (2) National Bank shall submit quarterly, within 45 days from the end of the quarter, to the Parliament and Government a report which contains the analysis of the macroeconomic situation and a medium term forecast on inflation and main macroeconomic indicators, which is published in the indicated time limit. (3) National Bank may publish the financial statements and reports referred to in paragraphs (1) and (2), as well as any other financial and economic reports and studies. (4) National Bank publishes on an annual basis the state’s balance of payments. (5) National Bank shall make public the statistics of the payment balance, international investment position and external debt of the Republic of Moldova: a) provisional data – quarterly, within 3 months from the end of the operating quarter; b) final data – annually, within 9 months from the end of the operating year. CHAPTER X MISCELLANEOUS PROVISIONS Article 70. Preferential right (1) The National Bank shall have the preferential and unconditioned right to satisfy each of its claims that reaches maturity from any banking accounts or from other assets that it holds: a) on its own account; b) on the account of the debtor concerned; c) as collateral to secure its claims; d) in any other way. (2) The National Bank shall exercise the right mentioned above by withdrawing the amounts due from bank accounts and selling other assets against a reasonable price, covering the claims from the net revenue received from sale. The exercise of this right in accordance with the present article shall not require a legal action. No competition between claims, including between the claims based on the property right shall impede the exercise of this preferential right, except for the cases when there are certain proofs that the staff of the National Bank knew or should have known that at the time when these assets, except for the monetary assets, came under the National Bank’s possession, the assets did not belong to the debtor concerned. Article 71. Prohibited activities (1) Except for the cases provided by this law, the National Bank shall not: a) grant any financial assistance, whether in the form of a direct or indirect loan, or by purchasing a loan, participation to a loan or the use of any instrument that has as result any liabilities, the assumption of a debt or in any other similar actions; b) practice commercial activities, like purchasing shares of commercial companies, including the shares of financial institutions, the acquisition of any ownership right of a financial commercial, agricultural, industrial nature. (2) By way of derogation from the provisions of paragraph (1), the National Bank may: a) make investments in amount of maximum 20 per cent from its capital and reserves in the institutions that have committed to offer only to the National Bank and to other financial institutions financial services with regard to evaluation, administration and storage of collateral, processing and submission of data, printing financial instruments, clearing operations, courier services and property sale; b) invest its financial means in liquid securities (receivables), issued by reliable institutions; c) acquire, in order to cover the amounts owed to it, any rights referred to in paragraph (1) letter (b) above, under the condition to relieve itself of all these rights as soon as possible; d) grant credit to any of its employees on the basis of the regulation approvedby the Supervisory Board. e) to constitute and to hold up to 100%, but not less than 2/3 of the share capital of the Unique Central Depository. [Art.71 amended by the Law no.62 of 08.04.2016, in force on 06.05.2016] Article 72. Collection of statistical information (1) The National Bank shall collect the primary statistical information, necessary for the implementation of its objectives and duties, from the competent authorities of the state, financial institutions and from other legal entities and individuals. (2) The National Bank shall contribute to the harmonization of the rules and practices governing the collection, processing and distribution of statistical data within its fields of competence. (3) By way of derogation from Article 5, paragraphs (1) and (2) of the Law on Commercial Secret, the National Bank shall define in its regulation the types of primary statistical information which are necessary for the National Bank and the way to provide this information, the persons obliged to provide such information to the National Bank, and the confidentiality regime that shall apply to this information. (4) In view of fulfilling its duties, under Article 8 paragraph (1), the National Bank may publish the statistical data that it collects totally or partially aggregated. (5) The provisions of this chapter shall also refer to the compilation and publication of the statistics of the payment balance, international investment position and external debt. Article 73. [Repealed by Law nr. 268-XVI of 28.07.2006, in force from 08.09.2006] Article 74. Standards of adequate management (1) The National Bank shall exercise the powers conferred upon by this law in a equitable and uniform way and in accordance with adequate management practices. The Bank may not use its powers for purposes that exceed its competence and objective. (2) The decisions of the National Bank, adopted pursuant to this law, shall be impartial, based merely on objective reasons and shall be strictly and correctly executed. Article 75. Sanctions and remedial measures (1) The National Bank, in case of finding a violation of the law or its regulations, of the licensing conditions, of the requirements of authorizations, permits, approvals and confirmations issued by National Bank (hereinafter authorizations), of the shortcomings in the activity, of the failure to execute the sanctions and remedial measures imposed (hereinafter violations), may apply the following sanctions: a) sanctions provided for in the Law No. 550-XIII of July 21, 1995 on financial institutions; b) issuance of a written warning; c) incontestable application and charge of a fine to the foreign exchange entity (other than banks) in the amount from 5000 up to 25,000 lei; d) suspension of the activity, partially or totally; e) withdrawal of the license, authorization. (2) When finding the violations referred to in paragraph (1), the National Bank may apply the following remedial measures: a) remedial measures foreseen by the Law No. 550-XIII of July 21, 1995 on financial institutions; b) issuance of prescriptions; c) conclusion of an agreement; d) other measures that are not contrary to the law and the tasks of the National Bank. (3) The sanctions provided for in paragraph (1) can be applied simultaneously with the remedial measures referred to in paragraph (2) or independently. (4) As a rule, the written warning provides the information about the violations found, the requirement to liquidate the violations in the prescribed period and recommendations on the way of remediating them, and a warning on the possibility to apply tougher sanctions and/or remedial measures in case of failure to liquidate the violations in the time limit established or in the case of repeated violations. (5) The written warning can be issued and applied simultaneously with the application of other sanction or remedial measures or independently of them. (6) Partial or total suspension of the activity has as effect the prohibition to perform, for a certain period of time, some activities / all the activities, the activity of some subdivisions or the prohibition to carry out some operations / all operations for which the license/authorization was issued. In case of suspension of the activity, the conclusion of new contracts or the prolongation for a new term of the contracts previously concluded, if the execution of these contracts id connected with the suspended activity or with the future performance of the prohibited transactions or operations, is not allowed. (7) During the suspension of the activity, the validity period of the license/authorization issued for a fixed period is not extended. Article 751. Finding of violations (1) Finding of facts that constitute violations is done by the National Bank staff or by expert accountants, authorized accountants and other qualified professionals appointed to that effect by the National Bank (hereinafter inspectors), on the basis of reports and other data submitted according to the law and National Bank regulations or at the National Bank express written request (off-site inspection) or during inspections conducted at the premises of the bank / foreign exchange entity (on-site inspection). (2) Finding of violations is done, on a case by case basis, through studying and analyzing of the acts of incorporation, of the internal regulations and policies, reports and statements, internal documents prepared as a result of the operations performed, accounting acts, business acts of internal and external character (contracts, certificates, protocols, requests, informative notes etc.), including acts referring to the shareholders (associates), beneficial owners, customers, counteragents of the person under control, other documents and data, on paper and / or electronic format. (3) On-site inspection is performed on the basis of a written decision of the National Bank, that includes: the number and the date of the decision, name and address of the person subject to inspection; the type of inspection (complex, thematic, etc.), as applicable, the period of activity subject to inspection (except for the inspection on the liquidation of the violations previously found), date of inspection commencement, name, surname of the inspectors mandated to conduct the inspection, function, name and signature of the person who issued the decision. (4) The off-site inspection shall be conducted without issuing a written decision. (5) The inspection over compliance with the authorizations requirements in the foreign exchange sector issued by the National Bank shall be conducted on the basis of the off-site inspection . (6) The inspection over the foreign exchange entity activity is conducted in accordance with the Law No. 62-XVI from 21 March 2008 on foreign exchange regulation, taking into account the provisions of the present article. (7) Based on results of the on-site inspection, a document (report) on the inspection results shall be drawn up, in two copies, that includes: date and place of drawing up, the number and the date of the decision on the basis of which the control was performed; the name and address of the person subject to inspection and in the case of the presence of the person’s subject to inspection representative - name and her function; period (date) of the inspection, information on the inspection results, including on the violations found and their character; name, surname, function of the Executive Board Chairman or of the person’s subject to inspection representative that received the document, date and his signature or refusal to sign the document; names and signatures of the inspectors who carried out the inspection. The date of drawing up the act shall be the date when it was handed (received) under paragraphs (8) and (9). (8) In case of on-site inspection over the bank's activity, a copy of the preliminary act on inspection results shall be submitted (handed) to the bank for presenting, if the case is, in written form within 5 working days from the date when the act was drawn up, the argumentation of disagreement, attaching, where applicable, the relevant documents. Following the examination of the objections and explanations of the bank, the act on the results of the on-site inspection shall be drawn up (in two copies), a copy of which shall be submitted (handed) to the bank. (9) In case of on-site inspection over the activity of the foreign exchange entity, a copy of the act on inspection results shall be submitted (handed to) the person subject to inspection (to its representative) for signature and, where applicable, for submission in written form, within 5 working days from the date when the act was drawn up, of the argumentation of disagreement, attaching, if the case is, the relevant documents. (10) If during the off-site inspection violations are found, the information on violations found shall be notified to the person subject to inspection, with the request to liquidate them. In case of disagreement with the results of the off-site inspection, the person shall be entitled, within 5 working days after handing (receiving) that information, to submit a written argumentation of the disagreement, attaching the relevant documents. (101) By way of derogation from the provisions of paragraph (8) and (10), in the event an urgent decision needs to be adopted in order to prevent significant damages in the financial system, the National Bank may order that the application of sanctions and measures without prior informing the person subject to inspection with regard to the violations found and without providing a term to submit the argumentation of disagreement. In these cases, by way of derogation from the provisions of paragraph (11), the date of violation is considered the date of the decision provided in this paragraph. (11) The date of finding the violation shall be: a) in the case of on-site inspection – the date of drawing up the act on inspection results; b) in the case of off-site inspection – the date of notifying the person on the violations found. [Art.751 amended by the Law no.233 of 03.10.2016, in force on 04.10.2016] Article 752. Application of sanctions and remedial measures (1) Sanctions and remedial measures for banks shall be applied by the management bodies of the National Bank empowered to do so under the Law on Financial Institutions No. 550-XIII of July 21, 1995. (2) Sanctions and remedial measures applied to foreign exchange control agents, specified in Article 58 (2) b) and c) of the Law No. 62-XVI of 21 March 2008 on foreign exchange regulation, and also to the holders of authorizations issued by the National Bank, shall be applied by the Governor, First Deputy Governor, Deputy Governors, except the suspension of activity and withdrawal of the license/authorization which shall be applied by the Executive Board. (3) The Executive Board may issue decisions concerning the application of sanctions and remedial measures with regard to any person subject to control. (4) Application of sanctions shall have a limitation period of 6 months after finding a violation, but not more than three years after its commission, unless the law provides otherwise. (5) At the individualization of sanctions shall be taken into account the seriousness of violations committed, the repeated character, and the real and personal circumstances of the violations. Repeated is considered the violation committed within 2 years from the date of finding the same kind of violation. (6) Sanctions and remedial measures shall be executed immediately after receiving the decision on their application, unless the decision provides otherwise. (7) Issuance of a written warning, suspension of the activity, the revocation of the license for the foreign exchange entity activity (other than the bank), is performed according to the Law No. 62-XVI of 21 March 2008 on foreign exchange regulation. (8) A foreign exchange entity (other than banks) can be fined in case it committed two or more violations that, according to the Law No. 62-XVI of 21 March 2008 on foreign exchange regulation, serve as a basis for the issuance of a written warning by the National Bank. (9) The size of the fine applied to the bank shall be calculated deriving from the amount of capital according to the last reporting date, preceding the month in which the violation was found. (10) The decision on the application of a fine is an enforceable document. (11) The decision on the application of a fine shall be handed personally to the person subject to control or sent by registered letter within 3 working days from the issuance date. In case of failure to pay the fine within 10 days from the receipt of the decision on imposing the fine, the National Bank shall: a) incontestably charge the fine to the bank by deducting the amount from the bank accounts opened at the National Bank; b) submit to the bank holding the account of the foreign exchange entity (other than the bank) the decision, together with the collection order for the incontestable charge of the fine. c) submit the decision (excerpt of decision) for enforcement to the judicial executor, in the order established by the Enforcement Code of the Republic of Moldova, in case of withdrawal/return of that decision because of the lack or insufficiency of funds in the bank account of the foreign exchange entity (other than the bank), and in case applying fines to other persons. (12) The fine shall be transferred to the state budget. (13) The decision (excerpt of the decision) on the application of fine, after fully executing it, shall be returned to the National Bank together with the notice of enforcement. (14) The person that was subject to remedial measures and sanctions (other than withdrawal of the license/authorization) is obliged to notify the National Bank about the liquidation of circumstances that led to the application of sanctions and remedial measures and, where applicable, to take other actions provided by the decision on the application of the sanction and the remedial measure and by the normative acts. The National Bank shall have the right to check if the circumstances mentioned were liquidated. (15) The person whose license/authorization was withdrawn is obliged, within 10 working days, and in case of bank license withdrawal - within 3 working days from the date of adoption of the decision to withdraw the license/authorization, submit to the National Bank the original of the withdrawn license/authorization and the authorized copies of the license. Article 76. Disputes settlement The disputes arising between the National Bank and other subjects are examined by the competent court. CHAPTER XI FINAL AND TRANSITORY PROVISIONS Article 761 (1) Annually, for the corresponding budgetary year, the Government and the National Bank shall agree on the balance of the state debt previously contracted from the National Bank. (2) By way of derogation from the provisions of Article 41 of this law, the Executive Board shall approve the re-conclusion of loans in Moldovan Lei previously provided to the state and the approval of reissuance of state securities issued following the conversion of previously contracted loans. (3) Re-concluded loans shall be collateralized with negotiable receivables bearing the market interest rate with the maturity date corresponding to the maturity of collateralized loans, issued and delivered by the state to the National Bank. For each re-concluded loan and for each tranche of re-issued state securities, an agreement shall be concluded between the Government, represented by the Ministry of Finance, and the National Bank. The agreement shall specify the principal amount of the re-concluded loan or of the reissued state securities, the maturity, interest rate and other charges. Article 77 (1) The present law shall enter into force from the date of publication. (2) At the entrance into force of the present law the following acts shall be abrogated: - The law No 599-XII dated June 11, 1991 on State National Bank of Moldova (the National Bank of Moldova); - Parliament decree No 600-XII dated June 11, 1991 on the implementation of the Republic of Moldova Law on the State National Bank of Moldova; - Parliament decree No 667-XII dated July 24, 1991 on approval of the Statute of the National Bank of Moldova; - Law No 884-XII dated January 23, 1992 on the introduction of a modification in the Law on the State National Bank of Moldova; - Parliament Decree No 976-XII dated March 19, 1992, on the assignment of Mr. Leonid Talmaci in the position of the Governor of the State National Bank of Moldova; - Article 4 (1) from the Parliament decree No 1201-XII dated November 19, 1992 on the solution of the socio-economic problems exposed in the Prime-minister‘s report; - Law No 1202-XII dated November 19, 1992 on modification of the Law on the State National Bank of Moldova (the National Bank of Moldova); - Law No 1234-XII from December 18, 1992 for the modification and completion of the Law on the State National Bank of Moldova; - Parliament decree No 1235-XII dated December 15, 1992, on modification of the Article 19 from the State National Bank of Moldova Statute; - Law No 125-XIII dated May 27, 1994 for the modification and completion of the Law on the State National Bank of Moldova (the National Bank of Moldova); - Parliament decree No 125a-XIII dated May 27, 1994 or implementation of the Law for the modification and completion of the Law on the State National Bank of Moldova (the National Bank of Moldova); - Parliament decree No 128a-XIII dated May 27, 1994 for the modification of the paragraph 5 from the Parliament decree on implementation of the Law on the State National Bank of Moldova; - Parliament decree No 281-XIII dated November 11, 1994 on modification and completion of the State National Bank of Moldova Statute (the National Bank of Moldova). (3) It is suggested to the President of the Republic of Moldova to abrogate the Decree dated June 4, 1991 on the National Bank of Moldova. [Para 4 Art. 77 abrogated following law. [The Article 77 Para (4) is declared non-constitutional following the Decision of the Constitutional Court no. 9 dated 18.02.99] Chairman of the Parliament Petru LUCINSCHI Chisinau, July 21, 1995 No 548-XIII.
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Statut udruge Na temelju odredbe članka 11. Zakona o udrugama (NN broj 88 / 01 i 11 / 02), osnivački Zbor Udruge ratnih veterana 2. gardijske brigade GROMOVI, održan dana 28. lipnja 2007. godine donosi S T A T U T UDRUGE RATNIH VETERANA GARDIJSKE BRIGADE GROMOVI OPĆE ODREDBE Članak 1. Udruga ratnih veterana 2. gardijske brigade GROMOVI je dragovoljna i izvanstranačka udruga pripadnika aktivnih i pričuvnih pripadnika 2. gardijske brigade, koja se radi zaštite i promicanja zajedničkih nacionalnih, humanitarnih, socijalnih, zdravstvenih, športskih, kulturnih i drugih interesa i ciljeva, te zajedničkih uvjerenja, bez namjere stjecanja dobiti podvrgavaju pravilima koja uređuju ustroj i djelovanje udruge NAZIV I SJEDIŠTE UDRUGE Članak 2. Udruga nosi ime Udruga ratnih veterana 2. gardijske brigade GROMOVI (u daljnjem tekstu: udruga) Naziv udruge na Engleskom: Association of War Veterans of the 2nd Guard Brigade Thunders Skraćeni naziv udruge: URV 2. gbr Gromovi. Članak 3. Sjedište Udruge je u Zagrebu. Odluku o promjeni adrese sjedišta donosi Upravni odbor. PODRUČJE DJELOVANJA UDRUGE Članak 4. Udruga djeluje na području Republike Hrvatske, a može surađivati sa sličnim udrugama i zajednicama na području RH. Članak 5. Udruga je pravna osoba. Svojstvo pravne osobe Udruga stječe upisom u registar udruga kod nadležnog upravnog tijela Grada Zagreba. ZASTUPANJE I PREDSTAVLJANJE UDRUGE Članak 6. Udruga predstavlja i zastupa predsjednik. U slučaju spriječenosti predsjednika, Udruga može predstavljati i zastupati član upravnog odbora koga ovlasti predsjednik. PEČAT I AMBLEM UDRUGE Članak 7. Udruga ima svoj pečat, veliki i mali. Veliki pečat je okruglog oblika, promjera 35 mm sa upisanim tekstom uz rub pečata UDRUGA RATNIH VETERANA 2. GARDIJSKE BRIGADE GROMOVI, a u sredini pečata nalazi se znak 2. gardijske brigade. Mali pečat je istovjetan velikom, s tim što mu je promjer 20 mm. Članak 8. Udruga ima svoj amblem. Amblem Udruge ratnih veterana 2.gardijske brigade “Gromovi”, okruglog je oblika. U sredini je amblem 2. gbr, na gornjoj strani je natpis UDRUGA RATNIH VETERANA 2. GBR, a u donjem dijelu GROMOVI. Članak 9. Udruga ima svoju zastavu. Zastava Udruge ratnih veterana 2. gardijske brigade Gromovi pravokutnog je oblika i crne je boje, dužine 2. m i širine 1. m, a u sredini zastave nalazi se amblem Udruge. Iznad amblema u pravilnom rasporedu stoji naziv: UDRUGA RATNIH VETERANA 2. GBR tiskan zlatnom bojom a u podnožju znaka je naziv GROMOVI tiskan zlatnom bojom. Članak 10. Dan Udruge ratnih veterana 2. gardijske brigade “Gromovi” utvrđuje se nadnevak utemeljenja 2. gbr 15. svibanj 1991. godine tako da se isti obilježava svakog 15. svibnja tekuće godine. ŽIRO RAČUN UDRUGE Članak 11. Udruga ima svoj žiro račun. Potpisnici na žiro računu su predsjednik Udruge i dva član Upravnog odbora kojega imenuje Upravni odbor. Za bezgotovinska plaćanja potrebna su 2. (dva) potpis. Članak 12. CILJEVI UDRUGE Članak 13. Cilj Udruge je čuvanje i njegovanje tradicije i digniteta postrojbe 2. gbr Gromovi, promicanje vrijednosti Domovinskog rata, pravna i socijalna zaštita hrvatskih dragovoljaca iz Domovinskog rata – pripadnika Udruge te briga o psihosocijalnim uvjetima članova i njihovih obitelji. Inicirati, poticati i organizirati prikupljanje arhivskog gradiva i pisanje o Domovinskom ratu III. DJELATNOSTI KOJIMA UDRUGA OSTVARUJE SVOJE CILJEVE Članak 14. Ciljevi Udruga ostvaruju se: Zaštitom statusa i promicanjem interesa i ciljeva članova Udruge. Organiziranjem i izravnim pružanjem pomoći članovima. Promicanjem hrvatskih nacionalnih, povijesnih, kulturnih i drugih vrijednota te promicanjem i oplemenjivanjem moralnih i etičkih vrednota hrvatskog naroda. Brigom o dodjeli odličja i priznanja svojim članovima koji su to zaslužili. Promicanjem tjelesne kulture (šport i rekreacija) poradi unapređenja opće sposobnosti svojih članova. Evidentiranjem i obradom potreba članova Udruge te iznalaženje rješenja za zdravstvene, socijalne, pravne i druge probleme članova Udruge. Suradnjom s odgovarajućim (zdravstvenim, socijalnim, pravnim i državno – upravnim) ustanovama Grada Zagreba i Republike Hrvatske glede ostvarivanja prava, interesa i potreba članova Udruge. Prikupljanjem pomoći socijalno ugroženim članovima Udruge. Organiziranjem povremenih prigodnih okupljanja članova. Organiziranjem posjeta mjestima pogibije pripadnika 2. gbr. I ostalih branitelja te polaganja vijenaca prigodom, crkvenih, državnih blagdana i obljetnica iz Domovinskog rata. Prigodnim posjetima obiteljima poginulih članova Udruge. Koordiniranjem svojih podružnica u zajedničkom radu i ostvarivanju ciljeva, donošenjem zajedničkih zaključaka i programa rada za Udrugu kao potrebu efikasnijeg i učinkovitijeg rada članica. Pružanjem logističke, stručne i druge potpore i pomoći u radu svojim članicama. SURADNJA, POVEZIVANJE I DRUGI OBLICI SURADNJE Članak 15. Poradi učinkovitijeg ostvarivanja svojih ciljeva i načina djelovanja Udruga može surađivati i povezivati se s državnim i društvenim subjektima, udrugama proizašlih iz Domovinskog rata koje imaju slične ciljeve kao i tijelima, dužnosnicima ili pojedincima i drugim čimbenicima sa sličnim ciljevima. Radi ostvarivanja svojih ciljeva, što kvalitetnijeg djelovanja i bolje organiziranosti pripadnika Udruge kao i stradalnika Domovinskog rata Udruga može stupati u različite oblike suradnje, koordiniranja djelatnosti i povezivanja sa sličnim ili srodnim udrugama i asocijacijama u zemlji i inozemstvu. Udruga se može udruživati u saveze ili zajednice udruga iz Domovinskog rata. Odluku o udruživanju donosi Upravni odbor. ČLANSTVO Članak 16. Udruga ima temeljne, počasne i podupirajuće članove. Članak 17. Temeljnim članom Udruge može postati pripadnik 2. gbr Gromovi koji je dragovoljno izrazom slobodne volje i vlastite odluke za obranu svoje Domovine ili na drugi način stupio u 2. gbr u vremenu od 15. svibnja 1991. do 30. lipnja 1996. godine u najmanjem trajanju od 60. (šezdeset dana). Prihvaća načela, program i Statut udruge. Članak 18. Kandidat koji želi postati članom Udruge, a zadovoljava uvjete iz članka 17. podnosi vlastoručno potpisani pristupni list. Upravni odbor Udruge u roku od 30 dana utvrđuje da li kandidat za članstvo ispunjava uvjete iz članka 17. stavka te donosi odluku o prijemu u članstvo. Članstvo se stječe danom odluke o prijemu. Upravni odbor može donijeti odluku o odbijanju prijema u članstvo. Upravni odbor nije obavezan obrazložiti odluku odbijanja primitka u članstvo. Po odbijanju zahtjeva za prijem u članstvo Udruge, može se podnijeti žalba Upravnom odboru u roku od 30 dana, a ono ga dalje prosljeđuje Zboru na razmatranje. Odluka Zbora konačna Članak 19. Članom Udruge ne može postati: - Osoba koja je nečasno otpuštena iz Oružanih snaga RH. - Osoba koja ne ispunjava uvjete članka 17. Statuta Udruge. Članak 20. Temeljni članovi Udruge plaćaju godišnju članarinu. Odluku o visini članarine donosi Zbor Udruge na prijedlog Upravnog odbora. Članak 21. Udruga vodi registar članova. Registar članova iz stavka 1. članka vodi tajnik Udruge. Članak 22. Udruga može imati počasne članove. Počasni članovi mogu biti obitelji poginulih ili umrlih pripadnika udruge. Počasnim članom Udruge može postati fizička i pravna osoba, hrvatski ili strani državljanin koji pridonijeli ugledu Republike Hrvatske, Hrvatske vojske i 2. gardijske brigade u Domovinskom ratu. Odluku o statusu počasnog člana donosi Upravni odbor. Članak 23. Udruga može imati podupirajuće članove. Podupirući član može biti svaki građanin RH koji je novčano, materijalno ili na neki drugi način pomogao radu Udruge. Članak 24. Fizičkim i pravnim osobama, koje sudjeluju u ostvarivanju ciljeva i djelatnosti Udruge odnosno ustrojstvenog oblika, programu rada pojedine aktivnosti ili na drugi odgovarajući način podupire djelovanje, mogu se dodijeliti zahvalnice, povelje ili plakete Udruge. PRAVA ČLANOVA Članak 25. Temeljni članovi mogu birati i biti birani u sva tijela i na sve funkcije u Udruzi. Sudjelovati u djelatnosti tih tijela. Davati prijedloge u svezi s djelatnošću tih tijela i Udruge u cijelosti. Tražiti pomoć Udruge u zaštiti prava proisteklih iz Zakona o pravima hrvatskih branitelja iz Domovinskog rata i članova njihovih obitelji te drugih zakona i popratnih zakonskih akata koji se odnose na prava branitelja. OBAVEZE ČLANOVA Članak 26. Aktivno sudjelovati u organiziranju djelatnosti i ostvarivanju ciljeva i poduzetih akcija. Pridržavati se odredaba Statuta i drugih općih akata Udruge. Provoditi odluke tijela Udruge. Savjesno izvršavati zadaće i obnašati funkcije u tijelima Udruge. Čuvati i zaštititi interes i ugled Udruge kao i njezinih članova. Redovito plaćati članarinu. STEGOVNA ODGOVORNOST ČLANOVA Članak 27. Članovi Udruge odgovaraju stegovno za povrede svojih članskih dužnosti utvrđenih ovim Statutom ili drugim općim aktima Udruge. Stegovna odgovornost, način rada, stegovne mjere i ostale radnje propisuju se Pravilnikom o stegovnom postupku. PRESTANAK ČLANSTVA Članak 28. Članstvo u Udruzi prestaje: Prestankom rada Udruge. Dragovoljnim istupanjem iz članstva temeljem pisane izjave. Isključenjem zbog nepoštivanja odredbi Statuta i drugih akata Udruge. Brisanjem iz članstva zbog neplaćanja članarine duže od 1 godine. U slučaju smrti. Članak 29. Član Udruge može biti isključen ako teže povredi članske obaveze. Odluku o isključenju donosi Sud časti. Član nezadovoljan odlukom Suda časti, može podnijeti priziv Zboru. Priziv Zboru podnosi se u pisanom obliku u roku od 30. (trideset) dana od prijama odluke o isključenju. Odluka Zbora je konačna. UPRAVLJANJE I TIJELA UDRUGE Članak 30. Članovi upravljaju Udrugom neposredno na Zboru ili posredno preko svojih izabranih predstavnika u tijelima Udruge. Unutar Udruge mogu se osnovati podružnice, sekcije i klubove kao ustrojbeni oblici Udruge sukladno programu Udruge. Podružnice, sekcije i klubovi nemaju pravnu osobnost. Članak 31. Tijela udruga jesu: - Zbor - Upravni odbor - Nadzorni odbor - Sud časti - Savjet udruge ZBOR Članak 32. Zbor je najviše tijelo Udruge. Zbor čine svi temeljni članovi Udruge. Članak 33. Zbor se sastaje najmanje jedan put godišnje kao redovni izvještajni, a svake četvrte godine kao redovni izvještajni i izborni. Radom Zbora rukovodi radno predsjedništvo od tri člana koje predlaže predsjednik. Sjednicu Zbora saziva Upravni odbor Udruge. Na sjednicu Zbora pozivaju se pismenim pozivom svi temeljni članovi Udruge najmanje pet (5) dana prije održavanja sjednice. U odluci o sazivanju Zbora, Upravni odbor utvrđuje dnevni red sjednice te dan, sat i mjesto održavanja Zbora. ZADAĆE I OVLASTI ZBORA Članak 34. Zbor udruge: - Utvrđuje temeljna načela i program Udruge. - Donosi, mijenja i dopunjava Statut i Pravilnike Udruge. - Donosi deklaracije, rezolucije i programske povelje Udruge. - Raspravlja i prihvaća izvješća o radu svih tijela Udruge. - Donosi financijski plan i odobrava godišnje financijsko izvješće. - Odlučuje o promjeni imena ili znaka Udruge. - Odlučuje o pristupu u međunarodne udruge. - Odlučuje o prestanku djelovanja Udruge. Zbor izabire i razrješava: - Predsjednika Udruge - Na prijedlog predsjednika članove Upravnog odbora - Članove Nadzornog odbora - Članove Suda časti. ODLUČIVANJE Člana 35. Sjednica Zbora pravovaljana je ukoliko je na istoj nazočno više od ½ ukupnog broja temeljnih članova (50 % + 1). U koliko u roku od 30 minuta, računajući od trenutka kada je zakazan početak Zbora, nije nazočan natpolovičan broj članova Udruge daje se pauza od 30 minuta, a nakon tog vremena Zbor može nastaviti s radom i donositi pravovaljane odluke ako je Zboru nazočno najmanje 30 % temeljnih članova. Zbor donosi pravovaljane odluke i zaključke natpolovičnom većinom nazočnih članova Udruge (50 % +1). GLASOVANJE Članak 36. Na Zboru je glasovanje javno ako Zbor ne odluči drukčije. Članovi Upravnog odbora i Nadzornog odbora ne mogu glasovati kada se odlučuje o njihovom razrješenju ili o pitanjima koja se odnose na njihovo djelovanje. Članak 37. Način saziva i rada Zbora propisuje se Poslovnikom o radu Zbora. IZVANREDNI ZBOR Članak 38. Izvanrednu sjednicu Zbora saziva predsjednik Udruge prema potrebi ili na temelju: - Pismenog zahtijeva 1/3 članova Udruge. - Odluke Nadzornog odbora udruge. Odluka predlagatelja o sazivanju izvanrednog Zbora treba sadržavati prijedlog dnevnog reda, dan sat, i mjesto i održavanja sjednice. Predsjednik Udruga dužan je u roku od 30 dana od primitka pismenog zahtjeva iz stavka 1. točke 1 i 2 ovoga članka sazvati izvanrednu sjednicu. U slučaju nepostupanja iz stavka 3. ovoga članka, istekom roka izvanrednu sjednicu Zbora saziva tijelo koje je donijelo odluku. UPRAVNI ODBOR UDRUGE Članak 40. Upravni odbor najviše je izvršno tijelo koje upravljanja Udrugom između dva Zbora. Upravni odbor s predsjednikom broji 11 članova. Članove Upravnog odbora bira Zbor na prijedlog predsjednika Udruge kao mandatara. Predsjednik udruge kao mandatar dužan je voditi brigu o proporcionalnoj zastupljenosti po postrojbama, jedan predstavnik iz svake postrojbe i to: – Zapovjedništvo – Pristožerne postrojbe – 1. pb (1. pješačka bojna) – 2. pb (2. pješačka bojna) – 3. pb (3. pješačka bojna) – OKB (Oklopna bojna) – PORD (Protu – oklopni raketni divizion) – TRD (topničko – raketni divizion) Upravni odbor čine: – predsjednik (dva) dopredsjednika – tajnik – rizničar (šest) članova Članovi Upravnog odbora biraju se na 4 godine i mogu biti ponovo birani. Upravni odbor za svoj rad odgovorno je Zboru Udruge. Članak 41. Zajednička sjednica novoizabranog i prethodnog Upravnog odbora u cilju primopredaje dužnosti mora se održati u roku od sedam (7) dana nakon izbora. O primopredaji se vodi zapisnik koji potpisuju svi članovi novog i prethodnog Upravnog odbora. Odgovornost članova prethodnog Upravnog odbora prestaje tek izvršenom primopredajom Upravnog odbora. Članak 42. U koliko se broj članova Upravnog odbora smanji iz bilo kojeg razloga, do najviše 3. (tri) člana, Upravni odbor može kooptirati nove članove s tim da prvi Zbor potvrđuje izbor. Mandat kooptiranih ili novoizabranih članova Upravnog odbora traje do isteka mandata članova Odbora u koji su mandat izabrani. ZADAĆE I OVLASTI UPRAVNOG ODBORA Članak 43. Upravni odbor Udruge: Provodi odluke i zaključke Zbora. Provodi i brine o provedbi Statuta, Pravilnika i ostalih akata Udruge. Brine o provedbi svih donesenih odluka glede ostvarivanja ciljeva Udruge Upravlja imovinom Udruge kao dobar gospodar i brine o pravilnom korištenju sredstava. Utvrđuje prijedlog Statuta, Pravilnika i ostale opće akte te njihove izmjene i dopune. Donosi odluke u skladu sa Statutom Udruge. Donosi plan aktivnosti Udruge. Zboru podnosi izvješće o svom radu i financijskom poslovanju. Imenuje povjerenstva i komisije, određuje im sastav, zadaće i rokove izvršenja. Odlučuje o prijemu i prestanku članstva u Udruzi. Utvrđuje visinu akontaciju članarine i drugih obaveza članova spram Udruge. Imenuje i razrješava dužnosti dopredsjednike, tajnika i rizničara. Predlaže zaslužne članove za dodjelu odlikovanja, priznanja, nagrada ili zahvalnica. Osigurava sve uvjete za obavljanje administrativno – tehničkih i organizacijskih zadaća SJEDNICE UPRAVNOG ODBORA Članak 44. Upravni odbor radi i odlučuje na sjednicama. Sjednice Upravnog odbora održavaju se prema potrebi, a najmanje jednom u tri mjeseca. Sjednice Upravnog odbora saziva predsjednik udruge koji rukovodi radom istog. Sjednice Upravnog odbora sazivaju se pismeno ili telefonom najmanje 2 dana ranije. Članak 45. Upravni odbor može punovažno odlučivati i donositi zaključke ako je na sjednicama nazočno najmanje 6 (šest) članova. Odluke i zaključci donose se većinom glasova nazočnih članova. Glasovanje je u pravilu javno. Članak 46. O sjednicama Upravnog odbora vodi se zapisnik kojega vodi tajnik ili član kojega odredi Upravni odbor. Zapisnici sa sjednica Upravnog odbora čuvaju se kao dokument trajne vrijednosti u pismohranu Udruge. PREDSJEDNIK Članak 47. Predsjednika Udruge bira Zbor između svojih temeljnih članova. Predsjednik se bira na 4. godine uz mogućnost ponovnog izbora. Predsjednik Udruga predstavlja i zastupa Udruga, odgovara za njen rad, te osigurava redovito djelovanje tijela Udruge. Predsjednik Udruga po svom položaju je predsjednik Upravnog odbora. ZADAĆE I OVLASTI PREDSJEDNIKA Članak 48. Predsjednik udruge: Brine o provedbi odluka Zbora i Upravnog odbora. Saziva i vodi sjednice Upravnog odbora. Izrađuje plan aktivnosti Udruge. Brine o korištenju imovine Udruge. Rukovodi obradom administrativnih, tehničkih i organizacijskih zadaća u Udruzi. Podnosi redovita izvješća o radu Upravnog odbora Zboru udruge. Brine se o upoznavanju javnosti s radom Zbora i njezinih tijela Obavlja i druge poslove vezane za ispunjenje ciljeva Udruge. Članak 49. Predsjednik Udruge za svoj rad odgovoran je Zboru. DOPREDSJEDNICI Članak 50. Dopredsjednike Udruge bira i imenuje Upravni odbor na prvoj sjednici nakon izbora. U slučaju odsutnosti ili spriječenosti, predsjednika Udruge, mogu u svim poslovima zamjenjivati dopredsjednici Udruge. TAJNIK Članak 51. Tajnik je stručna osoba koja osigurava pravilan i pravodoban rad svih tijela Udruge. Tajnik Udruge bira se na 4. godine i može biti ponovno izabran. Tajnika bira Upravni odbor između svojih članova na prvoj sjednici nakon izbora. Tajnik za svoj rad odgovara Upravnom odboru i predsjedniku Udruge. Članak 52. Dužnosti tajnika Brinuti o provođenju odluka i zaključaka Zbora i Upravnog odbora. Neposredno vodi poslovne knjige Udruge, obavlja administrativne i tehničke poslove, vodi brigu o arhivi i Registru članova. Pripremati radne materijale za sjednice svih tijela Udruge. Kontaktirati s državnim, gospodarstvenim, političkim i vjerskim subjektima te drugim udrugama sa sličnim programima djelovanja. Inicira informativnu, kulturnu i športsku djelatnost Udruge. Priprema i predlaže opće normativne akte Udruge. Članak 53. Za svoj rad tajnik može biti nagrađen. Odluku o nagrađivanju i odabir nagrade utvrđuje Upravni odbor vodeći računa o opsegu, kvantiteti i kvaliteti obavljenog posla. Članak 54. Odlukom Upravnog odbora s tajnikom se može zasnovati ugovorni odnos poradi profesionalnog vođenja predviđenih poslova. RIZNIČAR Članak 55. Rizničara Udruge bira Upravni odbor iz redova članova Upravnog odbora na prvoj sjednici nakon izbora. Rizničar Udruge bira se na 4. godine i može biti ponovno izabran. Rizničar za svoj rad odgovara Upravnom odboru i predsjedniku Udruge. Rizničar obavlja poslove u svezi s materijalnim i financijskim poslovanjem Udruge, a u skladu sa važećim propisima o vođenju financijskog poslovanja neprofitnih udruga. Rizničar vodi propisane poslovne knjige i ostale financijske dokumente. Članak 56. Odlukom Upravnog odbora može se cjelokupno materijalno i financijsko poslovanje povjeriti fizičkoj ili pravnoj osobi koja se profesionalno bavi pružanjem usluga vođenja materijalno – financijskog poslovanja. NADZORNI ODBOR Članak 57. Nadzorno tijelo Udruge je Nadzorni odbor. Nadzorni odbor sastoji se od 3. (tri) člana koje bira Zbor Udruge. Članovi Nadzornog odbora na prvoj sjednici između sebe biraju predsjednika. Mandat članova Nadzornog odbora traje četiri godine. Članovi Nadzornog odbora ne mogu biti članovi ostalih tijela Udruge. Članak 58. Zadaće Nadzornog odbora: Nadzire primjenu odredaba Statuta i drugih općih akata Udruge. Nadzire financijsko i materijalno – poslovanje Udruge. Članak 59. Nadzorni odbor dužan je upozoriti na propuste u primjeni odredaba Statuta te na nezakonito i nenamjensko trošenje sredstava. Nadzorni odbor dužan je prema potrebi, a najmanje jednom godišnje, pregledati materijalno – financijsko poslovanje Udruge. O svom radu Nadzorni odbor izvješćuje Zbor najmanje jednom godišnje. Nadzorni odbor ima pravo uvida u dokumentaciju i druge podatke što ih zatraži za izvršenje zadataka utvrđenih člankom 58. Statuta. Članak 60. Sjednice Nadzornog odbora održavaju se prema potrebi. Sjednicu Nadzornog odbora saziva njegov predsjednik sam ili na pismeni zahtjev: predsjednika Udruge, Upravnog odbora ili 1/3 (trećine) članova Udruge ili na zahtjev natpolovične većine članova Nadzornog odbora. Sjednica Nadzornog odbora je pravovaljana u koliko je istoj nazočno dva i više članova Nadzornog odbora. Nadzorni odbor donosi odluke natpolovičnom većinom članova Nadzornog odbora. SUD ČASTI Članak 61. Sud časti je tijelo Udruge koje vodi stegovni postupak i izriče stegovne mjere zbog članskih povreda predviđenih Statutom i drugim općim aktima Udruge. Članak 62. Sud čast broji tri (3) člana. Članovi Suda časti na prvoj sjednici nakon izbora između sebe biraju predsjednika. Mandat članova Suda čast traje četiri godine. Članovi Suda časti ne mogu istodobno biti članovi Upravnog ili Nadzornog odbora. Članak 63. Sud časti održava sjednice prema potrebi, sukladno odredbama Pravilnika o stegovnom postupku i stegovnoj odgovornosti. Raspravu zakazuje predsjednik Suda časti. Na raspravi se vodi zapisnik. Stegovni sud donosi pravovaljane odluke ako su na zasjedanju nazočni svi članovi, a presuda se donosi većinom glasova. Članak 64. Zahtjev za pokretanje stegovnog postupka može podnijeti Upravni odbor, Nadzorni odbor ili najmanje 1/10 (jedna desetina) članova Zbora. Odluka Suda časti obvezujuća je za sve članove Udruge. Odluka Suda časti prvostupanjska je i na istu se može izraziti žalba Zboru udruge. Članak 65. U stegovnom postupku mogu se izreći sljedeće stegovne mjere: – Opomena – Isključenje iz Udruge Članak 66. Protiv Odluke Suda časti za mjeru OPOMENE može se u roku od 15 (petnaest) dana, računajući od dana dostave odluke, podnijeti žalba Upravnom odboru. Upravni odbor dužan je žalbu riješiti u roku od 30 (trideset) dana, računajući od dana dostave žalbe. Odluka Upravnog odbora je konačna. Protiv Odluke Suda časti za mjeru ISKLJUČENJE IZ UDRUGE može se u roku od 30 (trideset) dana, računajući od dana dostave odluke, podnijeti žalba Zboru udruge. Zbor je dužna istu riješiti na prvoj sjednici. Odluka Zbora je konačna. Članak 67. Način saziva i rada Suda časti propisuje se Pravilnikom o stegovnom postupku i stegovnoj odgovornosti. SAVJET UDRUGE Članak 68. Savjet udruge je savjetodavno tijelo Udruge Savjet udruge čine ratni: 1) zapovjednici 2. gbr Gromovi 2) načelnici stožera 2. gbr Gromovi 3) pomoćnici zapovjednika, načelnici rodova – službi 2. gbr. Gromovi 4) zapovjednici bojni 2. gbr. Gromovi - Članovi Savjeta udruge trebaju biti članovi Udruge. - Savjet udruge je stalno tijelo Udruge koje ne podliježe izboru i reizboru. Članak 69. Sjednice Savjeta saziva Upravni odbor Udruge po potrebi, a najmanje jednom godišnje. U radu Savjeta udruge sudjeluje cijeli Upravni odbor, a sjednice Savjeta vodi predsjednik udruge. Predloženi savjeti su usmjeravajući i savjetodavnog karaktera. VII. OPOZIV Članak 70. Tijela Udruge mogu biti opozvana i prije isteka mandata ukoliko nisu radila u skladu sa zakonskim propisima i odredbama ovog Statuta. U koliko se razrješuju sva tijela, Zbor tada bira nova sa punim mandatom, a u koliko razrješuje samo pojedine članove tada se biraju novi članovi do isteka mandata u čiji sastav su birani. Članak 71. Svi članovi izabrani u tijela Udruge za svoj rad odgovaraju Zboru. Svaki član može zatražiti svoje razrješenje prije isteka vremena na koji je izabran s tim da je dužan obnašati svoju dužnost do donošenja odluke o razrješenju. Zbor je dužna donijeti odluku o zahtjevu za razrješenje na prvoj sjednici. VIII. JAVNOST RADA UDRUGE Članak 72. Djelovanje Udruga je javno. Da bi se postigla javnost rada Udruga članovima i predstavnicima javnog priopćavanja omogućuje slobodan pristup informacijama o radu njegovih tijela. Udruga izvješćuje članice o svom radu, financijskom poslovanju i drugim podacima bitnim za članice. Iz rada pojedinih tijela Udruge može se njihovom odlukom isključiti javnost. IMOVINA I ODGOVORNOST UDRUGE ZA OBAVEZE Članak 73. Za svoje obveze Udruga odgovara svojom imovinom u skladu sa Zakonom. Članak 74. Imovinu Udruge čine novčana sredstva koja je Udruga stekla obavljanjem njenih dopuštenih djelatnosti, dotacijama iz državnog proračuna, proračuna Grada Zagreba, pokretne i nepokretne stvari te druga imovinska prava. Imovinom Udruge može se raspolagati isključivo glede ostvarivanja ciljeva udruge. Članak 75. Udruga stječe imovinu: Uplatom članarine članova Udruge. Doticanjem sredstava iz državnog proračuna Republike Hrvatske, proračuna općina, Grada Zagreba. Dobrovoljnim prilozima i darivanjem. Obavljanjem njenih dopuštenih djelatnosti. Članak 76. Udruga vodi poslovne knjige i sastavlja financijska izvješća prema propisima kojima se uređuje način vođenja računovodstva neprofitnih organizacija. PRESTANAK RADA UDRUGE Članak 77. Udruga prestaje sa radom kada se ispuni neki od pretpostavki predviđenih Zakonom o udrugama te drugim zakonskim aktima. Zbor udruge može donijeti odluku o prestanku rada Udruge, koja mora biti donesena natpolovičnom većinom glasova temeljnih članova Zbora Udruge. Članak 78. Po prestanku rada Udruge sva imovina Udruge nakon namirenja vjerovnika i troškova sudskog ili drugog postupka ostaje Republici Hrvatskoj. Po prestanku rada udruge, dotaciju koju je Udruga primila u smislu odredbi članka 23. stavka 1. i 4., Zakona o udrugama (NN br. 88 / 01) vratit će se u proračun iz kojeg je dotacija dana. STATUT I DRUGI OPĆI AKTI UDRUGE Članak 79. Statut Udruge osnovni je opći akt Udruge. Svi ostali opći akti Udruge moraju biti usklađeni s odredbama Statuta Odredbe akata Udruge koje su u suprotnosti s odredbama Statuta ne mogu se primjenjivati. Članak 80. Prijedlog Statuta utvrđuje Upravni odbor i upućuje Zboru na raspravu i usvajanje. Statut se smatra usvojenim kada ga prihvati natpolovična većina svih nazočnih članova. Članak 81. Izmjene i dopune Statuta Udruge donose se prema postupku za donošenje Statuta. Postupak za izmjenu i dopunu Statuta pokreće Upravni odbor ili 50 % članova. Odredbe Statuta tumači Upravni odbor udruge. Članak 82. Ostale opće akte u skladu s odredbama Statuta donosi Upravni odbor. Udruga za svoj rad koristi slijedeće opće akte: - Poslovnik o radu Zbora - Pravilnik o stegovnom postupku i stegovnoj odgovornosti. - I druge opće akte. Tumačenje odredaba Pravilnika i Poslovnika daje Upravni odbor. XII. PRIJELAZNE I ZAVRŠNE ODREDBE Članak 83. Ustroj Udruge i donošenje općih akata Udruge uskladit će se s odredbama ovog Statuta najkasnije u roku od 6 mjeseci od dana stupanja na snagu ovog Statuta. Članak 84. Ovaj Statut stupa na snagu danom donošenja na sjednici Zbora 28. lipnja 2007. godine. U Zagrebu, 28. lipnja 2007. godine