Legea Cu Privire La Piata Valorilor Mobiliare

7/25/2019 Legea Cu Privire La Piata Valorilor Mobiliare

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LPM199/1998ID intern unic: 311628 !

Republica Moldova

PARLAMENTUL

LEGE"r# 199$in 18#11#1998

cu privire la piaa valorilor mobiliare

Pu%&ic't : 23#(3#1999 )n M*nit*ru& +,ici'& "r# 2-.28 'rt "r : 123

MODIFICAT

LP130-XVI din 07.06.07, MO 94-97/06.07.07 art. 418

LP46-XVI din 1.07.06, MO16-130/11.08.06 art.69

LP16!-XVI din 1!.06.06, MO10-10!/07.07.06 art.486

LP64-XVI din 30.03.06, MO66-69/8.04.06 art.73

"CC!/8.0.06, MO39-4/10.03.06 art.4, #n $i%&ar' (a 8.0.06

LP49-XVI din 1.10.0!, MO1!4-1!6/18.11.0! art.771

LP01-XVI din 8.07.0!, MO107-109/1.08.0! art.!71

LP!!-XVI din 8.04.0!, MO74-76/7.0!.0! art.311LP96-XV din 8.07.04, MO13-137/06.08.04 art.76

LP803-XV din 0!.0.0, MO36/14.03.00 art.1

LP90-XIV din 3.03.00, MO3!/31.03.00 art.

"*t:0n curinu& &eii4 te5tu& '$7initr're ' inetiii&*r e )n&*cuiete cu te5tu& '$7initr're ,i$uci'r' inetiii&*r4 i'r cu)ntu& 7'n'er e )n&*cuiete cu te5tu& '$7initr't*r ,i$uci'r4 rin LP2(1.;ent' &ee *r'nic#T i t l u l IDISPOZIII GENERALE!apitolul "RELAIILE REGLEMENTATE DE PREZENTA LEGE Articolul "#+%iectu& i u%iecii &eii ?1@ Pre>ent' &ee re&e7ente'> re&'ii&e ce ''r &' e7iiune' i &' circu&'i' e terit*riu& rii ''&*ri&*r 7*%i&i're4 t'%i&ete $i*>iii&e ener'&e riin$ 'ctiit'te' e i'' '&*ri&*r 7*%i&i're47uri&e $e r*tecie ' interee&*r inetit*ri&*r i run$ere' entru )nc&c're' &ei&'iei e i'''&*ri&*r 7*%i&i're# ?2@ Au%ieci 'i re>entei &ei )nt: '@ B*7ii' "'i*n'& ' Pieei Cin'nci're4 $enu7it )n c*ntinu're B*7ii' "'i*n'&4 c're ete *

'ut*rit'te ' '$7initr'iei u%&ice4 )7uternicit cu '$7initr're' ieei '&*ri&*r 7*%i&i're i cuunere' )n '&ic're ' re>entei &ei4 i 'ctie'> )n c*n,*r7it'te cu Lee' riin$ B*7ii'"'i*n'& ' Pieei Cin'nci're
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%@ e7itenii4 'rtici'nii4 inc&ui 'rtici'nii r*,ei*niti &' i'' '&*ri&*r 7*%i&i're# )Art.1 a(.*+ &diiat rin LP130 din 07.06.07, MO 94-97/06.07.07, art.418

Articolul $#A,er' $e '&ic're ' &eii ?1@ Eciune' re>entei &ei e e5tin$e 'ur' '&*ri&*r 7*%i&i're c're )ntrunec ur7t*'re&ec'r'cteritici $itinctie: '@ e e7it entru &''re %@ ''rin unei c&'e 'nu7ite c@ c*n,er 'ce&e'i $returi )n c'$ru& unei c&'e4 in$i,erent $e e7iiune i $e 7*$'&it'te' $e

r*cur're ' &*r $@ circu& e i'' '&*ri&*r 7*%i&i're c*n,*r7 ree$eri&*r re>entei &ei# ?2@ Eciune' re>entei &ei nu e e5tin$e 'ur' '&*ri&*r 7*%i&i're4 e7ie $e F'nc' "'i*n'& 'M*&$*ei i $e %nci i c're )nt intru7ente '&e ieei 7*net're4 cu7 'r ,i certi,ic'te&e %'nc're $e$e*>it i c'7%ii&e %'nc're#B*n$iii&e4 7*$u& $e e7itere i circu&'ie ' '&*ri&*r 7*%i&i're4 e7ie $e %nci i c're )ntintru7ente '&e ieei 7*net're4 e re&e7ente'> $e F'nc' "'i*n'& ' M*&$*ei $e c*7un 'c*r$cu B*7ii' "'i*n'

B*n$iii&e4 7*$u& $e e7itere i circu&'ie ' '&*ri&*r 7*%i&i're ?cre'ne&*r@ e7ie $e F'nc'"'i*n'& ' M*&$*ei e re&e7ente'> $e ctre 'ce't'# ?3@ G7iiune'4 &''7entu& i circu&'i' '&*ri&*r 7*%i&i're $e t't )nt re&e7ent'te $e Lee'nr#9H3.;III $in 18 iu&ie 1996 riin$ $'t*ri' $e t't i 'r'nii&e $e t't i $e ce&e&'&te 'cte n*r7'tiee7ie )ntru e5ecut're' ei# Pre>ent' &ee re&e7ente'> circu&'i' &' %ur' $e '&*ri ' '&*ri&*r7*%i&i're $e t't cu ter7enu& $e circu&'ie 7'i 7're $e un 'n#)Art. a(.*+ &diiat rin L96-XV din 8.07.04, MO13-137/06.08.04 art.76

)Art. a(.*+ &diiat rin L96-XV din 8.07.04, MO13-137/06.08.04 art.76

?2@ B*n$iii&e i 7*$u& $e e7itere ' '&*ri&*r 7*%i&i're )n ,*r7 $e certi,ic'te $e $e*>it4certi,ic'te $e ec*n*7ii4 c'7%ii %'nc're )nt re&e7ent'te $e re>ent' &ee4 $e '&te 'cte &ei&'tiei e t'%i&ec $e ctre F'nc' "'i*n'& ' M*&$*ei#

)A(in.3 art. intr&d2 rin L'%'a nr.90-XIV din 3.03.000 Articolul %#"*iuni $e %'> 0n enu& re>entei &ei4 e $e,inec ur7t*'re&e n*iuni: 'ctiit'te %urier e i'' '&*ri&*r 7*%i&i're ?)n c*ntinu're . 'ctiit'te

%urier@ . 'ctiit'te *r'ni>'t ' ieei '&*ri&*r 7*%i&i're4 *rient't re cre're' in,r'tructurii iret're' ericii&*r c're 'iur e,ectu're' tr'n>'cii&*r cii&e cu '&*ri 7*%i&i're )ntre'rtici'nii &' i'' '&*ri&*r 7*%i&i're 'ctiit'te $e '$7initr're ,i$uci'r ' inetiii&*r . 'ctiit'te $e,ur't $e '$7initr't*ru&,i$uci'r er*'n uri$ic c*n,*r7 c*ntr'ctu&ui $e '$7initr're ,i$uci'r ' ur7t*ru&ui

'tri7*niu tr'n7i 'cetui': )Art.3 &diiat rin L803/0!.0.00, MO36/14.03.00 art.1

'@ ' '&*ri&*r 7*%i&i're %@ ' 7i&*'ce&*r %neti $etin'te inetirii )n '&*ri 7*%i&i're c@ ' '&*ri&*r 7*%i&i're i ' 7i&*'ce&*r %neti *%inute c' re>u&t't '& '$7initrrii ,i$uci're ''&*ri&*r 7*%i&i're 'ctiit'te $e %r*Jer' . 'ctiit'te $e )n>'re.cu7r're ' '&*ri&*r 7*%i&i're4 $e,ur't$e %r*Jer )n c'&it'te $e 7'n$'t'r 'u $e c*7ii*n'r ce 'ctie'> )n %'>' c*ntr'ctu&ui $e 7'n$'t'u $e c*7ii*n4 recu7 i )n %'>' r*curii entru e,ectu're' tr'n>'cii&*r 7eni*n'te4 )n c'>u& )nc're c*ntr'ctu& nu tiu&e'> )7uterniciri&e 7'n$'t'ru&ui 'u '&e c*7ii*n'ru&ui 'ctiit'te $e c&e'rin . 'ctiit'te $e,ur't $e 'rtici'ntu& r*,ei*nit &' i'' '&*ri&*r7*%i&i're4 c're c*nt )n e,ectu're' *er'ii&*r $e c*&ect're4 $e eri,ic're4 $ec*rect're ' in,*r7'iei riin$ tr'n>'ci*n're' '&*ri&*r 7*%i&i're4 )n er,ect're' $*cu7ente&*r

entru e5ecut're' tr'n>'cii&*r4 )n tinere' *%&i'ii&*r recir*ce '&e 'rtici'ni&*r r*,ei*niti &'i'' '&*ri&*r 7*%i&i're


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'ctiit'te $e $e'&er . 'ctiit'te $e cu7r're ' '&*ri&*r 7*%i&i're4 )n nu7e&e i $in c*ntr*riu4 entru )n>'re' &*r u&teri*'r )n c*u& *%inerii $e r*,it 'ctiit'te $e $e*>it're . 'ctiit'te $e ret're ' ericii&*r $e tr're ' '&*ri&*r 7*%i&i'rei/'u $e ei$en ' $returi&*r $e*neni&*r 'ur' '&*ri&*r 7*%i&i're 'ctiit'te $e inere ' reitru&ui $eint*ri&*r $e '&*ri 7*%i&i're n*7in'tie ?)n c*ntinu're .'ctiit'te $e inere ' reitru&ui@ . 'ctiit'te $e c*&ect're4 )nreitr're4 re&ucr're i tr're '$'te&*r )n e$ere' c*ntituirii ite7u&ui $e inere ' reitru&ui $eint*ri&*r $e '&*ri 7*%i&i'ren*7in'tie 'ctiit'te $e un$erKritin . 'ctiit'te $e 7e$iere &' e7iiuni4 $e,ur't )n nu7e&e e7itentu&ui4)n e$ere' r*7*rii *,ertei u%&ice ri7're i &''7entu&ui '&*ri&*r 7*%i&i're '&e e7itentu&ui 'nu&'re ' '&*ri&*r 7*%i&i're . t*t'&it'te' 'ciuni&*r )ntrerine $e e7itent )n e$ere' tineriii/'u 'nu&rii '&*ri&*r 7*%i&i're c*n,*r7 reu&i&*r t'%i&ite $e re>ent' &ee i $e '&te 'cten*r7'tie circu&'ie ' '&*ri&*r 7*%i&i're . r*ceu& $e tr'n7itere i $e )nreitr're ' $retu&ui $e

r*riet'te 'ur' '&*ri&*r 7*%i&i're )n ur7' e,ecturii tr'n>'cii&*r $e )n>'re.cu7r're4$e ci7%4 $e $*n'ie4 $e 7*tenire4 $e )7ru7ut4 recu7 i ' '&t*r tr'n>'cii cii&e

c&' ' '&*ri&*r 7*%i&i're . t*t'&it'te' '&*ri&*r 7*%i&i're $e 'ce&'i ti '&e unui e7itent4c're &e 'iur r*riet'ri&*r &*r 'ce&e'i $returi i c're 'u 'ce&e'i c'r'cteritici $itinctie#*'te '&*ri&e 7*%i&i're '&e unei c&'e4 in$i,erent $e e7iiune4 'u unu& i 'ce&'i nu7r '&)nreitrrii $e t't c*n*&i$'re ' '&*ri&*r 7*%i&i're . ci7%u& tutur*r '&*ri&*r 7*%i&i're $e * 'nu7it c&'c*ntr' unui nu7r 7'i 7ic $e '&*ri 7*%i&i're cu re$ucere' r**ri*n'& ' nu7ru&ui $e '&*ri7*%i&i're '&e tutur*r r*riet'ri&*r# 0n c'>u& )n c're '&*ri&e 7*%i&i're 'u '&*'re n*7in'&4 &'c*n*&i$'re' 'cet*r' '&*'re' &*r n*7in'& e 7'*re'> r**ri*n'& c*ntr'ct.ti . 7*$e& $e c*ntr'ct t'%i&it $e ctre B*7ii' "'i*n'& entru ericii&e $e %'>

ret'te 'rtici'ni&*r &' i'' '&*ri&*r 7*%i&i're# B*n$iii&e 'cetui c*ntr'ct )nt *%&i't*riientru ri&e c*ntr'ct'nte i *t ,i c*7&et'te cu '&te c*n$iii c're nu c*ntr'in n*r7e&*r

t'%i&ite c*nertire ' '&*ri&*r 7*%i&i're . e5c&u$ere' $in circu&'ie $e ctre e7itent i 'nu&'re' tutur*r'&*ri&*r 7*%i&i're '&e unei c&'e rin ci7%u& &*r c*ntr' '&*ri 7*%i&i're $e '&t c&''&e 'ce&ui'i e7itent ?)n c'>u& )n c're 'ce't 'ciune ete tiu&'t )n *tr)re' riin$ e7iiune''&*ri&*r 7*%i&i're $'te@ 'u c*ntr' '&*ri 7*%i&i're '&e '&tui e7itent ?)n c'>u& re*r'ni>riie7itentu&ui reecti@ $en*7in'&i>'re ' '&*ri&*r 7*%i&i're . 7*$i,ic're' '&*rii n*7in'&e ' tutur*r '&*ri&*r 7*%i&i're'&e unei c&'e# Den*7in'&i>'re' '&*ri&*r 7*%i&i're *'te ,i )n*it $e ,r'ci*n're' 'uc*n*&i$'re' '&*ri&*r 7*%i&i're $e*nent . er*'n c're %ene,ici'> $e ericii&e $e*>it'ru&ui $eint*r $e '&*ri 7*%i&i're . er*'n c're $eine '&*ri 7*%i&i're )n %'>' $retu&ui $e

r*riet'te ?r*riet'r@ 'u )n %'> $e c*ntr'ct ?$eint*r n*7in'&@ $eint*r n*7in'& $e '&*ri 7*%i&i're ?)n c*ntinu're . $eint*r n*7in'&@ . 'rtici'nt

r*,ei*nit &' i'' '&*ri&*r 7*%i&i're4 c're $eine4 )n nu7e&e u4 '&*ri 7*%i&i're $in)nrcin're' r*riet'ri&*r $e '&*ri 7*%i&i're 'u ' '&t*r $eint*ri n*7in'&i4 ne,iin$ r*riet'r '&'&*ri&*r 7*%i&i're reectie $e>&uire ' in,*r7'iei e i'' '&*ri&*r 7*%i&i're ?)n c*ntinu're . $e>&uire' in,*r7'iei@ .'iur're' 'ccei%i&itii 'cetei in,*r7'ii entru t*'te er*'ne&e intere'te4 c*n,*r7unei r*ce$uri c're 'r'nte'> *%inere' in,*r7'iei reectie4 in$i,erent $e c*u& *&icitrii ei $i*>iie $e tr'n7itere . $i*>ii' unei er*'ne )nreitr'te 'u ' '&tei er*'ne4 t'%i&ite$e &ei&'ie4 riin$ tr'n7itere' $retu&ui $e r*riet'te 'ur' '&*ri&*r 7*%i&i're '&tei ?'&t*r@

er*'ne )n c'>u& )n>rii.cu7rrii4 $*n'iei4 7*tenirii '&*ri&*r 7*%i&i're4 )n '&te c'>uri t'%i&ite$e &ei&'ie# L' &''re' '&*ri&*r 7*%i&i're . $i*>iie ' e7itentu&ui 'u ' un$erKriteru&ui 'cetui'

riin$ tr'n7itere' '&*ri&*r 7*%i&i're ri7i&*r r*riet'ri


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)Art.3. d'inii' &diiat5 rin LP01/8.07.0!, MO107/1.08.0! art.!71 )Art.3. d'inii' &diiat5 rin LP01/8.07.0!, MO107/1.08.0! art.!71

$i*>iie $e tr'n7itere . $i*>ii' unei er*'ne )nreitr'te 'u ' '&tei er*'ne4 t'%i&ite $e&ei&'ie4 riin$ tr'n7itere' $retu&ui $e r*riet'te 'ur' '&*ri&*r 7*%i&i're '&tei ?'&t*r@

er*'ne )n c'>u& )n>rii.cu7rrii4 $*n'iei4 7*tenirii '&*ri&*r7*%i&i're4 tr'n7iterii $returi&*r $e r*riet'te )ntru e5ecut're' *%&i'ii&*r 'iur'te rin 'u&'&*ri&*r 7*%i&i're4 )n '&te c'>uri t'%i&ite $e &ei&'ie# L' &''re' '&*ri&*r 7*%i&i're . $i*>iie' e7itentu&ui 'u ' un$erKriteru&ui 'cetui' riin$ tr'n7itere' '&*ri&*r 7*%i&i're ri7i&*r

r*riet'ri e7iiune ' '&*ri&*r 7*%i&i're . t*t'&it'te' '&*ri&*r 7*%i&i're '&e unui e7itent4 c're ''rin uneic&'e i 'u 'ce&'i ter7en inii'& i ,in'& $e &''re t*t'&it'te' 'ciuni&*r t'%i&ite $e re>ent' &ee i)ntrerine $e e7itent )n e$ere' &'rii '&*ri&*r 7*%i&i're e7itent . er*'n uri$ic 'u 'ut*rit'te ' '$7initr'iei u%&ice4 c're e7ite '&*ri 7*%i&i're i)i 'u7 *%&i'ii ,' $e $eint*rii $e '&*ri 7*%i&i're )n e$ere're'&i>rii $returi&*r c*n,erite $e '&*ri&e 7*%i&i're reectie e5tr' $in reitru& $eint*ri&*r $e '&*ri 7*%i&i're n*7in'tie ?)n c*ntiu're . e5tr' $in

reitru@ . $*cu7ent c're e e&i%ere'> $e ctre $eint*ru& $e reitru uneier*'ne )nreitr'te 'u unei er*'ne ce 'ci*ne'> )n nu7e&e er*'nei )nreitr'te i c'rec*nine in,*r7'ii riin$ '&*ri&e 7*%i&i're )nreitr'te &' $'t' e&i%errii e5tr'u&ui $in reitru ,r'ci*n're ' '&*ri&*r 7*%i&i're . e7iiune u&i7ent'r $e '&*ri 7*%i&i're '&e unei c&'e'nu7ite i '7&''re' &*r r**ri*n'& )ntre t*i $eint*rii# 0n c'>u& )n c're'&*ri&e 7*%i&i're 'u '&*'re n*7in'&4 &' ,r'ci*n're' 'cet*r' '&*'re' &*r e re$uce

r**ri*n'&in,*r7'ie c*n,i$eni'& . in,*r7'ie re,erit*'re &' un e7itent 'u &' '&*ri&e 7*%i&i're e7ie $e'cet'4 c're c*ntituie un ecret c*7erci'& i c're cree'> $eint*ri&*r ei * *>iie ''nt'*',' $e '&i u%ieci 'i ieei '&*ri&*r 7*%i&i're *ri ' crei $e>&uire 'r ute' in,&uen' reu& $e

i' '& '&*ri&*r 7*%i&i're reectie

ini$er . *rice er*'n inii't )n in,*r7'i' c*n,i$eni'& ' e7itentu&ui 7'niu&'re e i'' '&*ri&*r 7*%i&i're . 'ciuni 'u *er'iuni cu '&*ri 7*%i&i're4 e,ectu'te cuuti&i>'re' $e 7et*$e4 7i&*'ce4 in,*r7'ii er*n'te )n c*u& 7eninerii4 7'*rrii4 7ic*rrii 'u$et'%i&i>rii reu&ui $e i' 'u ' curu&ui '&*ri&*r 7*%i&i're )Art.3. ani2(ar' ' iaa $a(&ri(&r &i(iar' #n r'daia LP01/8.070!, MO107/1.08.0!

art.!71

)Art.3. ani2(ar' ' iaa $a(&ri(&r &i(iar'#n r'daia LP01/8.07.0!, MO107/1.08.0!

art.!71

7'niu&'re e i'' '&*ri&*r 7*%i&i're . 'ciuni e i'' '&*ri&*r 7*%i&i're e,ectu'te )n c*u&$et'%i&i>rii reu&ui $e i' 'u ' curu&ui '&*ri&*r 7*%i&i're nu7r '& )nreitrrii $e t't . c*$ e5ri7't )n &itere i )n ci,re4 c're i$enti,ic * c&' c*ncret '

'&*ri&*r 7*%i&i're i c're e 'tri%uie $e ctre B*7ii' "'i*n'& )n 7*$u& t'%i&it $e e' *,ert u%&ic ' '&*ri&*r 7*%i&i're . *,ert' '&*ri&*r 7*%i&i're '&e unei c&'e4 e,ectu't $ee7itent4 $e inetit*ri 'u $e inter7e$i'ri4 $i,u>'t rin inter7e$iu& 7'.7e$i' 'u c*7unic't e'&te ci4 $'r cu c*n$ii' *i%i&itii e'&e $e recet're $e ctre 7ini7u7 =( $e er*'nene$eter7in'te )n reun ,e& $e ctre 'ut*ru& *,ertei )Art.3. &'rt5 2(i5 a $a(&ri(&r &i(iar' #n r'daia LP01/8.070!, MO107/1.08.0! art.!71 )Art.3. &'rt5 2(i5 a $a(&ri(&r &i(iar' #n r'daia LP01/8.07.0!, MO107/1.08.0!

art.!71

*,ert u%&ic ' '&*ri&*r 7*%i&i're . *,ert' '&*ri&*r 7*%i&i're '&e unei c&'e4 e,ectu't:'@ rin u%&ic're' )n re ' unui 'i> '$re't u%&icu&ui &'r

%@ rin inter7e$iu& unei r*uneri riin$ tr'n7itere' $retu&ui $e r*riet'te 'ur' '&*ri&*r7*%i&i're $in c&'' reecti4 '$re'te unui nu7r $e ce& uin 1(( $e er*'nec@ )n c'>u& tr'n7iterii $returi&*r $e r*riet'te 'ur' '&*ri&*r 7*%i&i're $in c&'' reecti unui


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nu7r $e ce& uin =( $e er*'ne *,ert ten$er . r*unere4 e,ectu't *%&i't*riu )n c'>uri&e t'%i&ite $e &ei&'ie 'u %ene*&4 ceine $e &' * er*'n4 $enu7it )n c*ntinu're *,ert'nt4 re,erit*'re &' r*cur're' 'u &' )n>'re' unui

'cet $e 'ciuni cu $ret $e *t 'u ' un*r '&*ri 7*%i&i're ce *t ,i c*nertite )n 'e7ene' 'ciuni#+,ert' ten$er e ,'ce rin inter7e$iu& 7'.7e$i'4 '& )ntiinri&*r *t'&e 'u rin '&t7*$ tr'n'rent $e in,*r7're4 )n c*n,*r7it'te cu 'cte&e n*r7'tie )n i*'re )Art.3. &'rt5 t'nd'r #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!7 )Art.3.&'rt5 t'nd'r #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71

*,ert ten$er . r*unere ce ine $e &' * er*'n4 $enu7it )n c*ntinu're *,ert'nt4 '$re'tr*riet'ri&*r $e 'ciuni cu $ret $e *t '&e unei *cieti e 'ciuni i re,erit*'re &' r*cur're' 'ce& uin 2=N $in t*t'&u& $e 'ciuni in$ic'te 'u ' unui nu7r c're 'r er7ite *,ert'ntu&ui *%in c*ntr*&u& 'ur' *cietii e 'ciuni# Pr*unere' e ,'ce rin inter7e$iu& 7'.7e$i'4)ntiinri&*r *t'&e 'u rin '&t 7*$ $e in,*r7're ' 'ci*n'ri&*r *r'ni>'ie $e 'ut*re&e7ent're ' 'ctiitii 'rtici'ni&*r r*,ei*niti &' i'' '&*ri&*r7*%i&i're ?)n c*ntinu're . *r'ni>'ie $e 'ut*re&e7ent're@ . '*ci'ie %ene*& ' 'rtici'ni&*r

r*,ei*niti &' i'' '&*ri&*r 7*%i&i're4 c're 'ctie'> )n %'>' rinciii&*r *r'ni>'iei

nec*7erci'&e4 )n c*n,*r7it'te cu re>ent' &ee i cu '&te 'cte &ei&'tie 'rtici'ni r*,ei*niti &' i'' '&*ri&*r 7*%i&i're . er*'ne uri$ice c're$e,*'r unu& 'u 7'i 7u&te enuri $e 'ctiit'te r*,ei*nit e i'' '&*ri&*r 7*%i&i're er*'n )nreitr't . $eint*r $e '&*ri 7*%i&i're n*7in'tie )nreitr't )n reitru&$eint*ri&*r $e '&*ri 7*%i&i're n*7in'tie

er*'ne ',i&i'te er*'nei uri$ice )nt: '@ *r'nu& e5ecuti unier*n'&4 7e7%rii *r'nu&ui e5ecuti c*&ei'& i er*'ne&e cu ,uncie $erun$ere '&e *r'nu&ui e5ecuti '& er*'nei uri$ice $'te %@ 7e7%rii c*ni&iu&ui $e *%er't*ri4 c*ni&iu&ui $e $irect*ri4 recu7 i 7e7%rii c*7iiei $ecen>*ri 'i er*'nei uri$ice $'te c@ '&te er*'ne cu ,uncie $e run$ere '&e er*'nei uri$ice $'te

$@ er*'n' uri$ic 'u ,i>ic c're4 in$ii$u'& 'u )7reun cu er*'ne&e ',i&i'te 'cetei'4 $eine*>ii' $e c*ntr*& )n c'it'&u& er*'nei uri$ice $'te e@ 'entu& ec*n*7ic )n '& crui c'it'& er*'n' uri$ic $'t4 recu7 i er*'ne&e ',i&i'te'cetei' $ein4 in$ii$u'& 'u )n c*7un4 *>ii' $e c*ntr*& ,@ er*'n' uri$ic 'u ,i>ic c're 'ci*ne'> )n nu7e&e 'u )n c*ntu& er*'nei uri$ice $'te @ er*'n' uri$ic 'u ,i>ic )n nu7e&e 'u )n c*ntu& crei' 'ci*ne'> er*'n' uri$ic $'t @ er*'n' uri$ic 'u ,i>ic c're 'ci*ne'> )n c*7un cu er*'n' uri$ic $'t i@ er*'n' uri$ic c're4 )n c*7un cu er*'n' uri$ic $'t4 e ',& u% c*ntr*&u& unei er*'netere @ er*'ne&e ',i&i'te er*'ne&*r eci,ic'te &' &it#'@.i@ $in re>ent' n*iune J@ er*'n' ' crei ',i&iere ete $e7*ntr't $e B*7ii' "'i*n'& 'u $e int'n' $e u$ec't

er*'ne ',i&i'te er*'nei ,i>ice )nt: '@ ru$e&e $e r'$u& I i II '&e er*'nei ,i>ice $'te %@ 'entu& ec*n*7ic )n '& crui c'it'& er*'n' ,i>ic $'t4 recu7 i er*'ne&e ',i&i'te 'cetei'$ein4 in$ii$u'& 'u )n c*7un4 *>ii' $e c*ntr*& c@ er*'n' uri$ic 'u ,i>ic c're 'ci*ne'> )n nu7e&e 'u )n c*ntu& er*'nei ,i>ice $'te $@ er*'n' uri$ic 'u ,i>ic )n nu7e&e 'u )n c*ntu& crei' 'ci*ne'> er*'n' ,i>ic $'t e@ er*'n' ' crei ',i&iere ete $e7*ntr't $e B*7ii' "'i*n'& 'u $e int'n' $e u$ec't )Art.3. 'r&an' ai(iat' 'r&an'i ii' #n r'daia LP01/8.07.0!, MO17/1.08.0! art.!71 )Art.3. 'r&an' ai(iat' 'r&an'i ii' #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71

er*'n ',i&i't unei '&te er*'ne uri$ice 'u ,i>ice ete:'@ er*'n' ,i>ic c're4 c*n,*r7 &ei&'iei cii&e4 ete &e't $e er*'n' ,i>ic reecti rintr.unr'*rt $e ru$enie $irect

%@ 7e7%ru& c*ni&iu&ui $e *%er't*ri4 c*ni&iu&ui $e $irect*ri4 c*7itetu&ui $e c*n$ucere4


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c*7iiei $e rei>ie 'u '& '&t*r *r'ne $e c*n$ucere '&e er*'nei uri$ice4 recu7 i '&te er*'necu ,uncii $e run$ere '&e 'cetei'c@ er*'n' uri$ic 'u ,i>ic c're e5ercit c*ntr*&u& 'ur' unei '&te er*'ne uri$ice 'u ,i>ice$@ er*'n' uri$ic 'u ,i>ic c're e ',& u% c*ntr*&u& '&tei er*'ne uri$ice 'u ,i>icee@ er*'n' uri$ic 'u ,i>ic ',&'t4 )7reun cu '&t er*'n uri$ic 'u ,i>ic4 u% c*ntr*&u&unei tere er*'ne,@ er*'n' uri$ic 'u ,i>ic c're 'ci*ne'> )n nu7e&e '&tei er*'ne uri$ice 'u ,i>ice@ er*'n' uri$ic 'u ,i>ic )n nu7e&e crei' 'ctie'> '&t er*'n uri$ic 'u ,i>ic@ er*'n' uri$ic 'u ,i>ic ' crei ',i&iere ete $e7*ntr't $e ctre B*7ii' "'i*n'& 'u $eint'n' $e u$ec't i' ' '&*ri&*r 7*%i&i're . i' un$e 're &*c e7iiune'4 &''7entu& i circu&'i' '&*ri&*r7*%i&i're i' ri7'r ' '&*ri&*r 7*%i&i're . i' un$e 're &*c e7iiune' i &''7entu& '&*ri&*r7*%i&i're i' ecun$'r ' '&*ri&*r 7*%i&i're . i' un$e 're &*c circu&'i' '&*ri&*r 7*%i&i're i' e5tr'%urier ' '&*ri&*r 7*%i&i're . &*c $e )nt)&nire ' cererii i *,ertei $e '&*ri 7*%i&i're

c*n,*r7 un*r 7ec'ni7e i r*ce$uri4 i7&i,ic'te )n r'*rt cu ce&e '&ic'te )n c'$ru& c*tri&*r*,ici'&e &' %ur' $e '&*ri i 'r*%'te $e B*7ii' "'i*n'& )Art.3. ia5 'tra2ri'r5 a $a(&ri(&r &i(iar' intr&d25 LP01/8.07.0!, MO107/1.08.0!art.!71

&''7ent '& '&*ri&*r 7*%i&i're . )ntrin're' '&*ri&*r 7*%i&i're $e ctre e7itent ri7i&*rr*riet'ri *>iie $e c*ntr*& . e5ercit're' in,&uenei $eciie 'ur' *tr)ri&*r '$*t'te $e ctre *

er*'n ,i>ic 'u uri$ic# +rice er*'n c're $eine ce& uin 2=N $in'ciuni&e cu $ret $e *t ?c*te.ri@ '&e *cietii e 'ciuni e c*ni$er er*'n cu *>iie $ec*ntr*& &' *ciet'te' reecti4 cu e5cei' c'>uri&*r c)n$ er*'n' 7eni*n't $e7*ntre'>c*ntr'riu +rice er*'n c're $eine 7'i uin $e 2=N $in 'ciuni cu $ret $e *t ?c*te.

ri@ '&e *cietii e 'ciuni e c*ni$er er*'n ,r *>iie $e c*ntr*& &' *ciet'te'reecti4 cu e5cei' c'>uri&*r c)n$ B*7ii' "'i*n'& 'u int'n' $e u$ec't $e7*ntre'>c*ntr'riu& r*ect '& *,ertei u%&ice . $*cu7ent '& e7itentu&ui4 c're c*nine in,*r7'i' nece'rinetit*ri&*r &' '$*t're' $eci>iei $e r*cur're ' '&*ri&*r 7*%i&i're '&e e7itentu&ui4 ce e &'e'>

rin *,ert u%&icrecii $e*>it'r 7*&$*ene'c . '&*'re 7*%i&i'r $eri't4 e7i

$e e7itentu& )nreitr't )n Oeu%&ic' Oeitru $e t't '& '&*ri&*r 7*%i&i're . reitru '&tutur*r '&*ri&*r 7*%i&i're cr*r' &i .' 'c*r$'t nu7ru& )nreitrrii $e t'tete inut $e ctre B*7ii' "'i*n'& )n 7*$u& t'%i&it $e e'

reitru '& $eint*ri&*r $e '&*ri 7*%i&i're n*7in'tie ?)n c*ntinu're . reitru@ . &it '

er*'ne&*r )nreitr'te4 )nt*c7it c*n,*r7 $'te&*r &' 7*7entu& reecti entru ,iec're c&'' '&*ri&*r 7*%i&i're )n 'rte# Ece't &it er7ite $e ' e,ectu': '@ i$enti,ic're' er*'ne&*r )nreitr'te

%@ ei$en' $returi&*r er*'ne&*r )nreitr'te 'ur' '&*ri&*r 7*%i&i're )nreitr'te e nu7e&e&*r c@ e5ecut're' $i*>iii&*r $e tr'n7itere $@ recei*n're' $e &' er*'ne&e )nreitr'te i e5e$iere' ctre 'cete' ' in,*r7'iei4 inc&ui 'e5tr'e&*r $in reitru e@ c*&ect're' i tr're'4 )n ter7ene&e t'%i&ite4 ' in,*r7'iei riin$t*'te 'ciuni&e i $*cu7ente&e c're i7&ic *er're' 7*$i,icri&*r )n reitru4 recu7 i t*'te'ciuni&e $eint*ru&ui $e reitru )n e$ere' *errii &*r ,@ $ecriere' c&'ei $e '&*ri 7*%i&i're4 entru c're ete inut reitru& $eint*ri&*r &*r ti $e '&*ri 7*%i&i're . t*t'&it'te' '&*ri&*r 7*%i&i're c're c*n,er


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er*'nei une&e i 'ce&e'i $returi 'tri7*ni'&e 'u ne'tri7*ni'&e '&*'re 7*%i&i'r . tit&u ,in'nci'r c're c*n,ir7 $returi&e 'tri7*ni'&e 'u ne'tri7*ni'&e '&eunei er*'ne )n r'*rt cu '&t er*'n4 $returi ce nu *t ,i re'&i>'te 'u tr'n7ie ,r re>ent're''cetui tit&u ,in'nci'r4 ,r )ncriere' reecti )n reitru& $eint*ri&*r $e '&*ri 7*%i&i'ren*7in'tie *ri )n $*cu7ente&e $e ei$en '&e $eint*ru&ui n*7in'& '& 'cet*r '&*ri 7*%i&i're '&*ri 7*%i&i're $eri'te . '&*ri 7*%i&i're '& cr*r re $ein$e $e reu& '&t*r '&*ri 7*%i&i're '&*ri 7*%i&i're $e t't . tit&uri ,in'nci're e7ie )n ,*r7 $e c*ntr'ct $e )7ru7ut4 e5ri7't )n'&ut n'i*n'& 'u )n '&t '&ut &eiti74 )ncei't )ntre Oeu%&ic' M*&$*'4 )n c'&it'te $e$e%it*r4 i er*'ne uri$ice 'u ,i>ice4 )n c'&it'te $e cre$it*r '&*ri 7*%i&i're &' urtt*r . tit&uri ,in'nci're c're nu c*nin nu7e&e ?$enu7ire'@ r*riet'ri&*r&*r# Oeitru& $eint*ri&*r $e '&*ri 7*%i&i're &' urtt*r nu eine4 i'r re'&i>'re' i tr'n7itere' $returi&*r c*n,erite $e e&e nu neceiti$enti,ic're' r*riet'ru&ui 'cet*r '&*ri '&*ri 7*%i&i're 7'teri'&i>'te . tit&uri ,in'nci're c're e5it u% ,*r7 $e certi,ic'te '&e '&*ri&*r7*%i&i're# Pr*riet'ru& '&*ri&*r 7*%i&i're 7'teri'&i>'te e i$enti,ic c*n,*r7 certi,ic'tu&ui'&*ri&*r 7*%i&i're er,ect't )n 7*$u& t'%i&it 'u4 )n c'>u& )n c're certi,ic'tu& ete tr'n7i

$eint*ru&ui n*7in'&4 c*n,*r7 )ncrierii ,cute )n $*cu7ente&e $e ei$en '&e 'cetui' '&*ri 7*%i&i're n*7in'tie ne7'teri'&i>'te . tit&uri ,in'nci're c're e5it )n ,*r7 $e)ncrieri ,cute )n c*nturi# Pr*riet'ru& '&*ri&*r 7*%i&i're n*7in'tie ne7'teri'&i>'te ei$enti,ic c*n,*r7 )ncrierii ,cute )n reitru& $eint*ri&*r un*r 't,e& $e '&*ri 7*%i&i're 'u4)n c'>u& tr'n7iterii 'cet*r '&*ri $eint*ru&ui n*7in'&4 c*n,*r7 )ncrierii ,cute )n$*cu7ente&e $e ei$en '&e 'cetui' '&*ri 7*%i&i're n*7in'tie . tit&uri ,in'nci're c're c*nin nu7e&e ?$enu7ire'@ r*riet'ru&ui '&*ri 7*%i&i're trine . tit&uri ,in'nci're )nreitr'te )n t'te trine '&e e7iteni&*r )nreitr'i )nt'te&e reectie#T i t l u l II&ALORILE MO'ILIARE

!apitolul $DISPOZIII GENERALE Articolul (# C*r7' '&*ri&*r 7*%i&i're ?1@ 'te %@ '&*ri 7*%i&i're 7'teri'&i>'te &' urtt*r c@ '&*ri 7*%i&i're n*7in'tie ne7'teri'&i>'te# ?2@ 'te i ne7'teri'&i>'te4 in$i,erent $e $enu7ire' &*r4 c'rec*n,er $returi 'tri7*ni'&e i ne'tri7*ni'&e4 'ciune' re>entei &ei e e5tin$e $*'r )n c'>u& )nc're c*n$iii&e e7iiunii i curcu&'iei &*r c*reun$ 'rticu&'riti&*r '&*rii 7*%i&i're re>ute &''rt#2 '&in#?1@# Articolul )#'te ?1@ 'te e un )n circu&'ie )n ,*r7 $e certi,ic'te c're'utenti,ic $returi&e c*n,erite $e '&*ri&e 7*%i&i're#


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?2@ Berti,ic'tu& '&*rii 7*%i&i're tre%uie c*nin: '@ $'te&e $e i$enti,ic're '&e e7itentu&ui %@ tiu& i c&'' '&*ri&*r 7*%i&i're4 'utenti,ic'te $e certi,ic'tu& reecti c@ nu7ru& )nreitrrii $e t't $@ nu7ru& $e '&*ri 7*%i&i're4 'utenti,ic'te rin certi,ic'tu& reecti e@ nu7e&e4 renu7e&e ?$enu7ire'@ r*riet'ru&ui '&*ri&*r 7*%i&i're ?entru certi,ic'te&e '&*ri&*r7*%i&i're n*7in'tie@ ,@ *%&i'i' e7itentu&ui $e ' 'iur' $returi&e r*riet'ru&ui $e '&*ri 7*%i&i're @ ,*r7' '&*ri&*r 7*%i&i're ?n*7in'tie 'u &' urtt*r@ @ nu7ru& $e *r$ine '& certi,ic'tu&ui i@ retricii&e ?$'c e5it@ )n e$ere' )ntrinrii '&*ri&*r 7*%i&i're @ t'7i&' e7itentu&ui J@ e7nturi&e ?,'ci7i&e&e e7nturi&*r@ 7e7%ri&*r *r'nu&ui $e c*n$ucere '& e7itentu&ui ie7ntur' er*'nei c're ' e&i%er't certi,ic'tu& &@ '&te $'te re>ute $e &ei&'ie entru tiu& c*ncret $e '&*ri 7*%i&i're# ?3@ n certi,ic't *'te 'utenti,ic' $retu& 'tri7*ni'& 'ur' unei'4 'ur'

c)t*r' 'u 'ur' tutur*r '&*ri&*r 7*%i&i're 7'teri'&i>'te '&e unei c&'e# + '&*'re 7*%i&i'r7'teri'&i>'t *'te ,i 'utenti,ic't rintr.un inur certi,ic't# ?H@ "u7ru& t*t'& $e '&*ri 7*%i&i're4 ,i5't )n ,iec're certi,ic't '& '&*ri&*r 7*%i&i're ue )ncircu&'ie $e ctre e7itent4 nu tre%uie $ee'c nu7ru& $e '&*ri 7*%i&i're in$ic't )n *tr)re'

riin$ e7iiune' '&*ri&*r 7*%i&i're# ?=@ G7itentu& *'rt run$ere4 c*n,*r7 &ei&'iei4 entru nec*reun$ere' $'te&*r $incerti,ic'tu& '&*rii 7*%i&i're cu $'te&e in$ic'te )n *tr)re' riin$ e7iiune' '&*ri&*r 7*%i&i're# ?6@ 'te tre%uie c*nin ce& uin 1( trete $e r*tecie c*ntr','&i,icrii4 'utenti,ic'te $e ctre L'%*r't*ru& Bentr'& $e Bercetri Qtiini,ice )n $*7eniu& G5erti>eiRu$ici're $e e &)n Miniteru& Rutiiei# Articolul *# 'te4 $ret $*cu7ent $e c*n,ir7're '$returi&*r c*n,erite $e '&*'re' 7*%i&i'r erete *tr)re' riin$ e7iiune' '&*ri&*r 7*%i&i'rei e5tr'u& $in reitru# Articolul +#Oeitru& ?1@ G7itentu& '&*ri&*r 7*%i&i're n*7in'tie ete *%&i't 'iure inere' reitru&ui &*r $in7*7entu& &''7entu&ui '&*ri&*r 7*%i&i're 7eni*n'te4 i'r )n c'>u& e7iiunii '&*ri&*r7*%i&i're n*7in'tie )n r*ceu& c*ntituirii e7itentu&ui . )n $ecur $e 1= >i&e $e &' $'t')nreitrrii $e t't ' 'ciuni&*r &''te &' )n,iin're' *cietii e 'ciuni# )Art.7. a(.*1+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71 )Art.7. a(.*1+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71?1@ G7itentu& '&*ri&*r 7*%i&i're n*7in'tie ete *%&i't 'iure inere' reitru&ui &*r $in7*7entu& &''7entu&ui '&*ri&*r 7*%i&i're 7eni*n'te4 i'r )n c'>u& e7iiunii '&*ri&*r7*%i&i're n*7in'tie )n r*ceu& c*ntituirii e7itentu&ui . )n $ecur $e 1= >i&e $e &' $'t')nreitrrii $e t't ' e7itentu&ui# ?2@ G7itenii c're 'u )nreitr't ete =( $e er*'ne )n reitru& $eint*ri&*r $e '&*ri 7*%i&i're$in c&'' reecti )nt *%&i'i tr'n7it inere' reitru&ui unui reitr't*r in$een$ent4)ncein$ cu e& c*ntr'ctu& reecti# ?3@ C'tu& c reitru& ete inut $e un reitr't*r in$een$ent nu.& cutete e e7itent $erun$ere' entru inere' reitru&ui# ?H@ G7itentu& nu ete )n $ret )ncre$ine>e inere' i7u&t'n ' reitru&ui 7'i 7u&t*rreitr't*ri in$een$eni# ?=@ M*$i,icri&e c're re,&ect tr'n7itere' $retu&ui $e r*riet'te 'ur' '&*ri&*r 7*%i&i're e


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intr*$uc )n reitru4 )n ter7en $e 3 >i&e4 $e ctre $eint*ru& $e reitru )n %'>' $i*>iiei $etr'n7itere4 ' crei ,*r7 * t'%i&ete B*7ii' "'i*n'&4 recu7 i )n %'>' *tr)rii $e,initie 'int'nei $e u$ec't riin$ tr'n7itere' $retu&ui $e r*riet'te4 c're e )n7)ne'> $eint*ru&uireitru&ui# 0n c'>u& tr'n7iterii $retu&ui $e r*riet'te 'ur' '&*ri&*r 7*%i&i're7'teri'&i>'te4 e re>int i certi,ic'tu& '&*rii 7*%i&i're# ?6@ Oe,u>u& $eint*ru&ui $e reitru $e ' intr*$uce )ncriere' )n reitru 'u eci're' $e &''ce't 'ciune *'te ,i 't'c't )n int'n' $e u$ec't4 i'r re,u>u& 'u eci're' $e &' intr*$ucere')ncrierii )n reitru4 )n %'>' *tr)rii $e,initie ' int'nei $e u$ec't 'u ' r*ceu&ui.er%'& '&e5ecut*ru&ui u$ect*rec cu riire &' ecetr're' '&*ri&*r 7*%i&i're4 'tr'e run$ere'$eint*ru&ui reitru&ui )n c*n,*r7it'te cu &ei&'i' )n i*'re# )Art.7 a(.*!+-*6+ &diiat' rin LP64-XVI din 30.03.06, MO66-69/8.04.06 art.7 )Art.7 a(.*!+-*6+ &diiat' rin LP64-XVI din 30.03.06, MO66-69/8.04.06 art.73

?=@ M*$i,icri&e c're re,&ect tr'n7itere' $retu&ui $e r*riet'te 'ur' '&*ri&*r 7*%i&i're eintr*$uc )n reitru4 )n ter7en $e 3 >i&e4 $e ctre $eint*ru& $e reitru )n %'>' $i*>iiei $etr'n7itere4 ' crei ,*r7 * t'%i&ete B*7ii' "'i*n' 0n c'>u& tr'n7iterii $retu&ui$e r*riet'te 'ur' '&*ri&*r 7*%i&i're 7'teri'&i>'te4 e re>int i certi,ic'tu& '&*rii 7*%i&i're#

?6@ Oe,u>u& $eint*ru&ui $e reitru $e ' intr*$uce )ncriere' )n reitru 'u eci're' $e &''ce't 'ciune *'te ,i 't'c't )n int'n' $e u$ec't# ?-@ Deint*ru& $e reitru ete *%&i't re>inte4 &' ri7' cerere: '@ ' er*'nei )nreitr'te 'u ' er*'nei c're 'ci*ne'> )n nu7e&e ei . e5tr'u& $in reitru4 )n7*$u& t'%i&it $e ctre B*7ii' "'i*n'& %@ ' er*'nei )nreitr'te 'u ' er*'nei c're 'ci*ne'> )n nu7e&e ei i $eine ce& uin2=N $in '&*ri&e 7*%i&i're . $'te&e re,erit*'re &' nu7e&e ?$enu7iri&e@ i '$ree&e er*'ne&*r)nreitr'te )n reitru4 &' c&'' '&*ri&*r 7*%i&i're c're &e ''rin# Ecete $'te e

re>int )n %'>' unei intere&ri crie i e5c&ui )n c*u& c*n*crii '$unrii ener'&e ''ci*n'ri&*r 'u ' $eint*ri&*r $e '&*ri 7*%i&i're '&e unei c&'e 'nu7ite )Art.7. a(.*7+ (it.+ &diiat5 rin LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.7. a(.*7+ (it.+ &diiat5 rin LP01/8.07.0!, MO107/1.08.0! art.!71%@ ' er*'nei )nreitr'te 'u ' er*'nei c're 'ci*ne'> )n nu7e&e ei i $eine ce& uin 2=N$in '&*ri&e 7*%i&i're . $'te&e re,erit*'re &' nu7e&e ?$enu7iri&e@ i '$ree&e er*'ne&*r)nreitr'te )n reitru4 &' c&'' '&*ri&*r 7*%i&i're c're &e ''rin# Ecete $'tee re>int )n %'>' unei intere&ri crie i e5c&ui )n c*u& c*n*crii '$unrii ener'&e ''ci*n'ri&*r 'u ' $eint*ri&*r $e '&*ri 7*%i&i're '&e unei c&'e 'nu7ite*ri )n c*u& $e,urrii *,ertei ten$er c*n,*r7 re>entei &ei# c@ ' '&t*r er*'ne . $'te&e eci,ic'te &' &it#%@ )n c*u& $e,urrii *,ertei ten$er# )Art.7. a(.*7+ (it.+ intr&d25 rin LP01/8.07.0!, MO107/1.08.0! art.!71 ?8@ G5tr'u& $in reitru e e&i%ere'> $e ctre $eint*ru& $e reitru: '@ r'ti . &' intr*$ucere' 7*$i,icri&*r )n reitru4 )n 7*$u& t'%i&it $e re>ent' &ee

%@ cu &'t . )n '&te c'>uri# ?9@ G5tr'u& $in reitru e e&i%ere'> er*'nei )nreitr'te )n c'>u& re)nreitrrii$retu&ui $e r*riet'te 'ur' '&*ri&*r 7*%i&i're 'u &' cerere' er*'nei )nreitr'te4 )n $ecur$e 3 >i&e#

?1(@ G5tr'u& $in reitru nu ete '&*'re 7*%i&i'r i tr'n7itere' &ui $e &' * er*'n &' '&t' nu'tr'e $u ine tr'n7itere' $retu&ui $e r*riet'te 'ur' '&*ri&*r 7*%i&i're# ?11@ Preu$icii&e c'u>'te $e ,*&*ire' ne'$ec't ' $'te&*r in$ic'te &' '&in#?-@ &it#%@ e retituie4 )n7*$u& t'%i&it $e &ei&'ie4 $e ctre er*'n' crei' $eint*ru& reitru&uii.' re>ent't $'te&ereectie# ?12@ C' $e er*'n' c're ' )nc&c't cerine&e riin$ 7*$u& $e inere ' reitru&ui4 riin$'&ctuire' i re>ent're' $ri&*r $e e'7 ?,' $e e7itentu&4 $e reitr't*ru& in$een$ent 'u$eint*ru& n*7in'&@ *'te ,i intent't * 'ciune )n e$ere' re'rrii reu$icii&*r4 inc&ui 'c)tiu&ui r't't4 c'u>'te $e i7*i%i&it'te' re'&i>rii $returi&*r c*n,erite $e '&*ri&e 7*%i&i're#


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?13@ In,*r7'i' $in reitru4 &' *&icit're' *,iciu&ui $e e5ecut're '& De'rt'7entu&ui $e e5ecut're4e e&i%ere'> r'tuit $e ctre $eint*ru& reitru&ui )n ter7en $e 3 >i&e &ucrt*'re $e &' ri7ire'*&icitrii# )Art.7 a(.*13+ intr&d2, a(.*13+ d'$in' *14+ rin LP64-XVI din 30.03.06, MO66-69/8.04.06art.73

?1H@ Berine&e riin$ reitru& i 7*$u& $e inere ' &ui e t'%i&ec $e ctre B*7ii' "'i*n'&)n c*n,*r7it'te cu &ei&'i'# Articolul ,# Deint*ru& n*7in'& ?1@ B'&it'te' $e $eint*r n*7in'& * *t 'e' $e*>it'rii ?)n c'>u& '&*ri&*r 7*%i&i're '&e$e*neni&*r 'cet*r'@4 %r*Jerii i '$7initr't*rii ,i$uci'ri# )Art.8. a(.*1+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71 )Art.8. a(.*1+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71

?1@ B'&it'te' $e $eint*r n*7in'& * *t 'e' $e*>it'rii ?)n c'>u& '&*ri&*r7*%i&i're '&e $e*neni&*r &*r@4 %r*Jerii i 7'n'erii ,*n$uri&*r $e inetiii4 c*7'nii&e,i$uci're ?)n c'>u& '&*ri&*r 7*%i&i're '&e c&ieni&*r &*r@# ?2@ D'te&e $ere $eint*ru& n*7in'&4 $ere '&*ri&e 7*%i&i're ',&'te &' e& i $ere re're'

'cet*r' cu *%&i'ii e intr*$uc )n reitru $e ctre $eint*ru& reitru&ui &'$i*>ii' r*riet'ru&ui '&*ri&*r 7*%i&i're# ?3@ Intr*$ucere' )n reitru ' $'te&*r $ere $eint*ru& n*7in'&4

recu7 i re)nreitr're' '&*ri&*r 7*%i&i're e nu7e&e 'cetui' nu 'tr' $u ine tr'n7itere'$retu&ui $e r*riet'te 'ur' '&*ri&*r 7*%i&i're# ?H@ Deint*ru& n*7in'& ete *%&i't: '@ in reitru& $eint*ri&*r $e '&*ri 7*%i&'re '&e c&ieni&*r i )n c*n,*r7it'te cu cerine&et'%i&ite $e re>ent' &ee i $e 'cte&e n*r7'tie '&e B*7iiei "'i*n'&e SArt.8. a(.*4+ (it.a+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71 )Art.8. a(.*4+ (it.a+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71

'@ in ei$en' c&ieni&*r i )n 7*$u& t'%i&it $e ctre B*7ii' "'i*n'&

%@ c*n,*r7 c*ntr'cte&*r )ncei'te cu c&ienii: . )ntrerin$ 7uri&e nece're entru ' 'iur' ri7ire' $e ctre c&ieni ' &i&*r cuenitec*n,*r7 '&*ri&*r 7*%i&i're . e,ectue>e tr'n>'cii cu '&*ri&e 7*%i&i're )n e5c&uiit'te $in *runc' c&ieni&*r . 'iure inere' ei$enei c*nt'%i&e ' '&*ri&*r 7*%i&i're . 'ere interee&e c&ieni&*r# ?=@ Deint*ru& n*7in'& ine reitru& $eint*ri&*r $e '&*ri 7*%i&i're '&e c&ieni&*r i )n %'>'&icenei ce )i *,er c'&it'te' $e $eint*r n*7in' )Art.8. a(.*!+ intr&d2 rin LP01/8.07.0!, MO107/1.08.0! art.!71, a(.*!+-*8+ d'$in *6+-*9+ ?6@ Deint*ru& n*7in'& *'te re'&i>' $returi&e c*n,erite $e '&*ri&e 7*%i&i're nu7'i')n$ )7uterniciri&e reectie '&e r*riet'ri&*r 'cet*r'#

?-@


11/43

'ci*n'ri&*r4 recu7 i c@ )n '&te c'>uri4 c)n$ entru e,ectu're' un*r 'ciuni4 )n c*n,*r7it'te cu cerine&e 'cte&*rn*r7'tie )n i*'re4 )nt nece're $'te $ere r*riet'rii '&*ri&*r 7*%i&i're# )Art.8. a(.*10+ intr&d2 rin LP01/8.07.0!, MO107/1.08.0! art.!71!apitolul %EMISIUNEA &ALORILOR MO'ILIARE Articolul -# Gt'e&e e7iiunii '&*ri&*r 7*%i&i're ?1@ G7iiune' '&*ri&*r 7*%i&i're *'te ,i e,ectu't rin inter7e$iu& *,ertei u%&ice ?e7iiune

u%&ic@ 'u ,r *,ert u%&ic ?e7iiune )nci@# ?2@ G7iiune' u%&ic ' '&*ri&*r 7*%i&i're inc&u$e ur7t*'re&e et'e: '@ '$*t're' $e ctre e7itent ' *tr)rii riin$ e7iiune' '&*ri&*r 7*%i&i're %@ retire' i 'r*%'re' $e ctre e7itent ' r*ectu&ui *,ertei u%&ice c@ er,ect're' $e ctre e7itent i reitr't*ru& in$een$ent ' c*ntr'ctu&ui $e inere ' reitru&ui. )n c'>u& ri7ei e7iiuni u%&ice ' '&*ri&*r 7*%i&i're n*7in'tie $@ )nreitr're' *,ertei u%&ice ' '&*ri&*r 7*%i&i're &' B*7ii' "'i*n'& e@ $eci$ere' $e ctre e7itent ' c*ntu&ui r*i>*riu )n '&ut n'i*n'& entru 'cu7u&'re'

7i&*'ce&*r %neti *%inute )n r*ceu& &''7entu&ui '&*ri&*r 7*%i&i're ,@ i7ri7're' certi,ic'te&*r '&*ri&*r 7*%i&i're . entru e7itenii c're e7it '&*ri 7*%i&i're7'teri'&i>'te @ $e>&uire' in,*r7'iei curine )n r*ectu& *,ertei u%&ice4 )n 7*$u& t'%i&it $e re>ent'&ee @ &''7entu& '&*ri&*r 7*%i&i're i@ '$*t're' $e ctre e7itent ' $rii $e e'7 'ur' re>u&t'te&*r e7iiunii @ )nreitr're' &' B*7ii' "'i*n'& ' $rii $e e'7 'ur're>u&t'te&*r e7iiunii i c'&i,ic're' e7iiunii $e ctre B*7ii' "'i*n'& c' e,ectu't 'unee,ectu't J@ *er're' )n t'tutu& e7itentu&ui ' 7*$i,icri&*r i c*7&etri&*r $eter7in'te $e re>u&t'te&e

e7iiunii &@ )nci$ere' c*ntu&ui r*i>*riu i tr'n,er're' 7i&*'ce&*r $e e 'cet c*nt e c*ntu& curent '&e7itentu&ui . )n c'>u& )n c're B*7ii'

"'i*n'& ' c'&i,ic't e7iiune' u%&ic ' '&*ri&*r 7*%i&i're c' e,ectu't7@ intr*$ucere' )n reitru ' $'te&*r $ere $eint*rii $e '&*ri 7*%i&i're ?)n c'>u& e7iiunii'&*ri&*r 7*%i&i're n*7in'tie@4 e&i%er're' certi,ic'te&*r ?)n c'>u& e7iiunii '&*ri&*r 7*%i&i're7'teri'&i>'te@ 'u ' e5tr'e&*r $in reitru ?)n c'>u& e7iiunii'&*ri&*r 7*%i&i're ne7'teri'&i>'te@ ri7i&*r r*riet'ri $e '&*ri 7*%i&i're# ?3@ G7iiune' )nci ' '&*ri&*r 7*%i&i're inc&u$e ur7t*'re&e et'e: '@ '$*t're' $e ctre e7itent ' *tr)rii riin$ e7iiune' '&*ri&*r 7*%i&i're %@ &''7entu& '&*ri&*r 7*%i&i're

c@ '$*t're' $e ctre e7itent ' $rii $e e'7 'ur' re>u&t'te&*r e7iiunii $@ )nreitr're' &' B*7ii' "'i*n'& ' $rii $e e'7 'ur' re>u&t'te&*r e7iiunii4 e,ectu't cureect're' ree$eri&*r entru )nreitr're' *,ertei u%&ice4 t'%i&ite &' 'rt#1H4 1= i 184 cu e5cei'cerine&*r ,' $e )nt*c7ire'4 )nreitr're' i u%&ic're' r*ectu&ui *,ertei u%&ice4 recu7 ic'&i,ic're' e7iiunii $e ctre B*7ii' "'i*n'& c' e,ectu't 'u nee,ectu't )Art.9 a(.*3+ (it d+ #n r'daia L803/0!.0.00, MO36/14.03.00 art.1 )Art.9 a(.*3+ (it d+ #n r'daia L803/0!.0.00, MO36/14.03.00 art.1

$@ )nreitr're' &' B*7ii' "'i*n'& ' $rii $e e'7 'ur' re>u&t'te&*r e7iiunii ic'&i,ic're' ei $e ctre B*7ii' "'i*n'& c' e,ectu't 'u nee,ectu't e@ *er're' )n t'tutu& e7itentu&ui ' 7*$i,icri&*r i c*7&etri&*r $eter7in'te $e re>u&t'te&ee7iiunii ,@ intr*$ucere' )n reitru ' $'te&*r $ere $eint*rii $e '&*ri 7*%i&i're i e&i%er're' e5tr'e&*r$in reitru#


12/43

?H@ u&:

'@ &'rii t*t'&e ' '&*ri&*r 7*%i&i're %@ '$*trii $e ctre e7itent ' *tr)rii riin$ re,u>u& $e ')ncei' e7iiune' '&*ri&*r 7*%i&i're i riin$ retituire' ctre inetit*ri ' 7i&*'ce&*r e c're'ceti' &e.'u $eu )n c*ntu& &ii '&*ri&*r 7*%i&i're . )n c'>u& )n c're '$*t're' unei 'e7ene'*tr)ri ete re>ut $e r*ectu& *,ertei u%&ice ?entru e7iiune' u%&ic@ 'u $e *tr)re'

riin$ e7iiune' '&*ri&*r 7*%i&i're ?entru e7iiune' )nci@# ?1(@ 0n c'>u& )n c're e7iiune' '&*ri&*r 7*%i&i're e uen$ $in 7*tiu& $eitrii reunei)nc&cri ' ree$eri&*r re>entu&ui 'rtic*&4 re)nn*ire' ei e ,'ce )n %'>' *tr)rii B*7iiei "'i*n'&e4$u )n&tur're' )nc&cri&*r# 0n 'cet c'>4 ter7enu& &''7entu&ui '&*ri&*r7*%i&i're4 t'%i&it )n r*ectu& *,ertei u%&ice ?entru e7iiune'

u%&ic@ 'u )n *tr)re' riin$ e7iiune' '&*ri&*r 7*%i&i're reectie ?entru e7iiune'

)nci@4 nu e re&unete# ?11@ 0n c'>u& )n c're e7iiune' '&*ri&*r 7*%i&i're ete c'&i,ic't $e B*7ii' "'i*n'& c'nee,ectu't 'u ne'&'%i&4 7i&*'ce&e *%inute $e e7itent )n ur7' u%crierii 'u &''7entu&ui'&*ri&*r 7*%i&i're e retituie inetit*ri&*r )n 7*$u& t'%i&it $e B*7ii' "'i*n'&4 i'r '&*ri&e7*%i&i're 7'teri'&i>'te e retituie e7itentu&ui entru ' ,i 'nu&'te# *t*$'t4 e7itentu& retituieinetit*ri&*r %ene,iciu& *%inut c' re>u&t't '& ,*&*irii 7i&*'ce&*r 'tr'e )n r*ceu& u%crierii 'u '&

&''7entu&ui '&*ri&*r 7*%i&i're *ri c)tiu& r't't4 )n c'>u& )n c're c*n$iii&e e7iiunii c*nin* 'e7ene' tiu&'re# )Art.9. a(.*11+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.9. a(.*11+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71

?11@ 0n c'>u& )n c're e7iiune' '&*ri&*r 7*%i&i're ' ,*t c'&i,ic't $e ctre B*7ii'

"'i*n'& c' nee,ectu't 'u ne'&'%i&4 t*'te '&*ri&e 7*%i&i're $in e7iiune' reecti eretituie e7itentu&ui entru ' ,i 'nu&'te# Mi&*'ce&e *%inute $e e7itent )n ur7' &''7entu&ui'&*ri&*r 7*%i&i're ur7e'> ' ,i retituite inetit*ri&*r )n 7*$u& t'%i&it $e ctreB*7ii' "'i*n' *t*$'t4 e7itentu& retituie inetit*ri&*r %ene,iciu& *%inut c're>u&t't '& ,*&*irii 7i&*'ce&*r 'tr'e )n r*ceu& &''7entu&ui '&*ri&*r 7*%i&i're 'uc)tiu& r't't4 )n c'>u& )n c're c*n$iii&e e7iiunii c*nin * 'e7ene' tiu&'re# ?12@ *'te ce&tuie&i&e &e'te $e c'&i,ic're' e7iiunii '&*ri&*r 7*%i&i're c' nee,ectu't 'une'&'%i& i $e retituire' 7i&*'ce&*r reectie inetit*ri&*r &e u*rt e7itentu ?13@ P'rticu&'riti&e e7iiunii '&*ri&*r 7*%i&i're )n ce riete c*neriune' &*r e t'%i&ec $ectre B*7ii' "'i*n'

?1H@ 0n c'>u& )n c're e c*nt't c e7iiune' '&*ri&*r 7*%i&i're .' e,ectu't cu )nc&c're'ree$eri&*r re>entu&ui 'rtic*& 'u cu '$7itere' un*r 7'niu&ri4 e7itentu& *'rt run$ere)n c*n,*r7it'te cu &ei&'i'#


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?1=@ 0n c'>u& )n c're e7itentu& nu ' ri$ic't certi,ic'tu& )nreitrrii $e t't ' '&*ri&*r 7*%i&i're )nter7en $e 6 &uni $e &' $'t' '$*trii *tr)rii $e )nreitr're ' 'cet*r'4 B*7ii' "'i*n'& ete )n$ret .i 'nu&e>e *tr)re'# )Art.9. a(.*1!+ intr&d2 rin LP01/8.07.0!, MO107/1.08.0! art.!71 Articolul ".# T*tr)re' riin$ e7iiune' '&*ri&*r 7*%i&i're ?1@ Pentru ,iec're e7iiune ' '&*ri&*r 7*%i&i're $e * 'nu7it c&'4 e7itentu& '$*t **tr)re ''rte# ?2@ T*tr)re' riin$ e7iiune' '&*ri&*r 7*%i&i're tre%uie c*nin: '@ $'te&e $e i$enti,ic're '&e e7itentu&ui %@ $'t' i nu7ru& )nreitrrii $e t't '& e7itentu&ui4 cu e5cei' c'>uri&*r e7iiunii 'ciuni&*r &'c*ntituire' *cietii e 'ciuni c@ $'t' '$*trii *tr)rii riin$ e7iiune' '&*ri&*r 7*%i&i're $@ $enu7ire' *r'nu&ui $e c*n$ucere '& e7itentu&ui c're ' '$*t't *tr)re' riin$ e7iiune''&*ri&*r 7*%i&i're e@ tiu& '&*ri&*r 7*%i&i're ,@ c&'' '&*ri&*r 7*%i&i're

@ nu7ru& $e *r$ine '& e7iiunii reectie ' '&*ri&*r 7*%i&i're $in c&'' reecti @ nu7ru& $e '&*ri 7*%i&i're )n e7iiune' reecti i@ nu7ru& t*t'& $e '&*ri 7*%i&i're )n c&'' reecti ?in)n$ c*nt $e e7iiune' )n c'u>@ @ ,*r7' '&*ri&*r 7*%i&i're4 i'r )n c'>u& e7iiunii '&*ri&*r 7*%i&i're 7'teri'&i>'te . $ecriere''u eci7enu& certi,ic'tu&ui '&*ri&*r 7*%i&i're $ecriere' $returi&*r e c're &e c*n,er '&*'re' 7*%i&i'r $in c&'' reecti i ' '&t*rc'r'cteritici $itinctie &@ 7*$u& $e e7iiune ' '&*ri&*r 7*%i&i're ?u%&ic 'u )nci@ 7@ ter7ene&e inii'&e i ,in'&e '&e &''7entu&ui '&*ri&*r 7*%i&i're $in e7iiune' reecti n@ e7ntur' c*n$uct*ru&ui e7itentu&ui4 nu7e&e i ,unci' 'cetui'4 t'7i&' e7itentu&ui *@ '&te $'te t'%i&ite $e &ei&'ie entru tiu& reecti $e '&*ri 7*%i&i're#

?3@ G7itentu& nu ete )n $ret 7*$i,ice *tr)re' riin$ e7iiune' '&*ri&*r7*%i&i're4 ',ect)n$ $returi&e c*n,erite $e * '&*'re 7*%i&i'r4 t'%i&ite $e *tr)re' reecti# Articolul ""#0nreitr're' '&*ri&*r 7*%i&i're $e t't Ciecrei e7iiuni ' '&*ri&*r 7*%i&i're $e t't Miniteru&Cin'ne&*r 'tri%uie4 )n c*n,*r7it'te cu cerine&e t'n$'r$u&ui intern'i*n'&4 nu7ru& )nreitrrii$e t't# F'nc' "'i*n'& ' M*&$*ei re>int B*7iiei "'i*n'&e in,*r7'i' riin$ re>u&t'te&e&icit'ii&*r '&*ri&*r 7*%i&i're $e t't cu ter7enu& $e circu&'ie 7'i 7're $e un 'n#

)Art.11 #n r'daia L'%ii nr.90-XIV din 3.03.000

!apitolul (O/ERTA PU'LI!0 A &ALORILOR MO'ILIARE Articolul "$#Di*>iii ener'&e

?1@ +,ert' u%&ic ' '&*ri&*r 7*%i&i're e re'&i>e'> 't)t e i''ri7'r ' '&*ri&*r 7*%i&i're ?*,ert' u%&ic ri7'r@4 c)t i )nr*ceu& circu&'iei '&*ri&*r 7*%i&i're ?*,ert' u%&ic e i'' ecun$'r@# ?2@ Per*'ne&e ',i&i'te4 $eint*rii ' ce& uin 1(N $in '&*ri&e 7*%i&i're '&e e7itentu&ui4 recu7i un$erKriterii e7itentu&ui )nt )n $ret .i u&i7ente>e '&*ri&e 7*%i&i're c're &e ''rincu '&*ri 7*%i&i're '&e e7itentu&ui $in nu7ru& ce&*r r*ue $e e& )n *,ert' u%&ic ri7'r# ?3@ B*n$iii&e e7iiunii i circu&'iei '&*ri&*r 7*%i&i're t'%i&ite )n *,ert' u%&ic nu *tcre' ''nt'e un*r inetit*ri4 )n r'*rt cu '&i inetit*ri4 &' r*cur're' '&*ri&*r 7*%i&i're# ?H@ Pree$ere' '&in#?3@ nu e '&ic )n c'>u& )n c're:

'@ 'ci*n'ri&*r *cieti&*r e 'ciuni &i e 'c*r$ $retu& $e ree7iune &' r*cur're' '&*ri&*r7*%i&i're '&e e7iiunii n*i )n nu7r r**ri*n'& nu7ru&ui $e 'ciuni c're &e ''rin &' 7*7entu&'$*trii *tr)rii riin$ e7iiune' '&*ri&*r 7*%i&i're %@ &ei&'i' 'u e7itentu& t'%i&ec retricii )n ce riete r*cur're' '&*ri&*r 7*%i&i're $e


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ctre nere>i$eni# ?=@ B*n$iii&e e7iiunii u%&ice ' '&*ri&*r 7*%i&i're *t re$uce nu7ru& ri7i&*r r*riet'ri 'i'cet*r '&*ri: '@ &' e7iiune' 'ciuni&*r4 c' 7i&*c $e &'t ' $ii$en$e&*r entru 'ciuni&e e7ie 'nteri*r $e*ciet'te' e 'ciuni c*n,*r7 ree$eri&*r &ei&'iei cu riire &' *cieti&e e 'ciuni %@ &' e7iiune' '&*ri&*r 7*%i&i're4 )n c*u& ,r'ci*nrii4 c*n*&i$rii4 $en*7in'&i>rii 'uc*nertirii &*r c@ )n '&te c'>uri re>ute $e &ei&'ie# Articolul "%# Berine&e $e %'> ,' $e r*ectu& *,ertei u%&ice ?1@ Aeci7enu& r*ectu&ui *,ertei u%&ice e t'%i&ete $e ctre B*7ii' "'i*n' Pentru %ncii '&te intituii ,in'nci're4 r*ectu& *,ertei u%&ice e t'%i&ete $e ctre B*7ii' "'i*n'& $ec*7un 'c*r$ cu F'nc' "'i*n'& ' M*&$*ei# ?2@ Pr*ectu& *,ertei u%&ice tre%uie c*nin: '@ in,*r7'i' ener'& $ere e7itent %@ eci,ic're' trii ,in'nci're ' e7itentu&ui c@ eci,ic're' e7iiunii rec*ni>'te ' '&*ri&*r 7*%i&i're

$@ $ec&'r'i' inetii*n' ?3@ In,*r7'i' ener'& $ere e7itent tre%uie curin$: '@ $'te&e $e i$enti,ic're '&e e7itentu&ui %@ eci,ic're' ,*r7ei uri$ice $e *r'ni>'re ' e7itentu&ui c@ $'t' i nu7ru& )nreitrrii $e t't '& e7itentu&ui c' er*'n uri$ic4 $enu7ire' *r'nu&uic're &.' )nreitr't $@ eci,ic're' tructurii *r'ne&*r $e c*n$ucere '&e e7itentu&ui e@ $'te $ere 7e7%rii c*ni&iu&ui $e ur'eere4 *r'nu&ui e5ecuti4 c*7itetu&ui $e c*n$ucere4c*7iiei $e cen>*ri4 $ere 7e7%rii '&t*r *r'ne $e c*n$ucere '&e e7itentu&ui ,@ $'te $ere er*'ne&e c're $ein ce& uin =N $in nu7ru& t*t'& $e 'ciuni cu $ret $e *t '&ee7itentu&ui

@ &it' i $'te&e $e i$enti,ic're '&e ,i&i'&e&*r i rere>ent'ne&*r e7itentu&ui @ &it' i $'te&e $e i$enti,ic're '&e )ntrerin$eri&*r )n c're e7itentu& $eine ce& uin =N $inc'it'&u& *ci' ?H@ In,*r7'i' $ere t're' ,in'nci'r ' e7itentu&ui e 'utenti,ic $e ctre 'u$it*ru& in$een$enti tre%uie c*nin: '@ eci,ic're' c'it'&u&ui *ci'& i ' 'ctie&*r nete %@ %i&'nuri&e c*nt'%i&e 'nu'&e i $ri&e $e e'7 riin$ enitu& i ier$eri&e )n u&ti7ii 3 'ni,in'nci'ri ,in'&i>'i 'u )n ,iec're 'n ,in'nci'r )ncei't $in 7*7entu& c*ntituirii e7itentu&ui4 $'c

eri*'$' reecti e 7'i 7ic $e3 'ni c@ %i&'nu& c*nt'%i& c*n,*r7 $'te&*r $e &' ,ine&e u&ti7u&ui tri7etru4 )n'inte $e '$*t're' *tr)rii

riin$ e7iiune' '&*ri&*r 7*%i&i're

$@ *&u7u& $'t*riei e7itentu&ui4 cu ter7enu& $e r'7%ur're e5ir't4 ,' $e cre$it*ri i &' &i&e )n%uetu& reecti e@ $'re' $e e'7 riin$ ,*r7're' i uti&i>'re' 7i&*'ce&*r $in ,*n$u& $e re>er )n $ecuru&u&ti7i&*r 3 'ni ,in'nci'ri ,in'&i>'i 'u )n ,iec're 'n ,in'nci'r )ncei't $in 7*7entu& c*ntituiriie7itentu&ui4 $'c eri*'$' reecti e 7'i 7ic $e 3 'ni ,@ tructur' i7*>ite&*r4 )nc'ri&*r i t'5e&*r $e t't &tite $e e7itent @ eci,ic're' e7iiuni&*r rece$ente '&e '&*ri&*r 7*%i&i're '&e e7itentu&ui @ $'te $ere c*ntr'cte&e ec*n*7ice $e &un $ur't4 c're 'r ute' in,&uen' t're' ,in'nci'r 'e7itentu&ui# ?=@ In,*r7'i' $ere e7iiune' rec*ni>'t ' '&*ri&*r 7*%i&i're tre%uie c*nin: '@ $'te ener'&e $ere e7iiune' rec*ni>'t ' '&*ri&*r 7*%i&i're %@ $ecriere' $returi&*r c*n,erite $e '&*'re' 7*%i&i'r $in c&'' reecti i ' '&t*rc'r'cteritici $itinctie


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c@ ter7ene&e inii'&e i ,in'&e '&e &''7entu&ui '&*ri&*r 7*%i&i're $@ eci,ic're' reu&ui i ' 7*$u&ui $e 'cit're ' '&*ri&*r 7*%i&i're e@ eci,ic're' retricii&*r &' r*cur're' '&*ri&*r 7*%i&i're 'u re7'rc' riin$ '%en' 'cet*r' ,@ eci,ic're' 7*$u&ui i ' ter7enu&ui ri7irii $ii$en$e&*r e '&*ri 7*%i&i're @ $ecriere' ,'ct*ri&*r c're ,'c ric'nt r*cur're' '&*ri&*r 7*%i&i're @ $'te $ere un$erKriteru& e7itentu&ui i@ $'te $ere reitr't*ru& in$een$ent c're ine reitru ?6@ Dec&'r'i' inetii*n'& tre%uie eci,ice $irecii&e $e uti&i>'re $e ctre e7itent '7i&*'ce&*r 7*%i&i>'te# inte &' B*7ii' "'i*n'& ur7t*'re&e $*cu7ente: '@ cerere' $e )nreitr're %@ c*ii&e $*cu7ente&*r $e c*ntituire cu t*'te 7*$i,icri&e i c*7&etri&e 'utenti,ic'te )n7*$u& t'%i&it c@ $*cu7entu& c're 'utenti,ic )nreitr're' $e t't ' e7itentu&ui

$@ *tr)re' riin$ e7iiune' '&*ri&*r 7*%i&i're e@ r*ectu& *,ertei u%&ice ,@ eci7ene&e certi,ic'te&*r '&*ri&*r 7*%i&i're . entru e7itenii c're e7it '&*ri 7*%i&i're7'teri'&i>'te @ 'ut*ri>'i' *r'nu&ui '%i&it't . )n c'>uri&e re>ute $e &ei&'i' 'nti7*n**&

@ 'ut*ri>'i' Fncii "'i*n'&e ' M*&$*ei . )n c'>u& e7iteni&*r . intituii ,in'nci're i@ c*i' c*ntr'ctu&ui $e inere ' reitru&ui4 )ncei't cu reitr't*ru& in$een$ent4 )n c'>u& )nc're reitru& ete inut $e reitr't*ru& in$een$ent @ c*ii&e $*cu7ente&*r $e 'cit're ' &i&*r i t'5e&*r i )nc'ri&*r erceute entru )nreitr're'*,ertei u%&ice )n c*n,*r7it'te cu &ei&'i'# )Art.14. a(.*+ (it.+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71 )Art.14. a(.*+ (it.+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

@ c*ii&e $*cu7ente&*r $e &'t ' i7*>ite&*r i )nc'ri&*rerceute entru )nreitr're' *,ertei u%&ice )n c*n,*r7it'te cu &ei&'i'# ?3@ B*7ii' "'i*n'& )nreitre'> *,ert' u%&ic ' '&*ri&*r 7*%i&i're 'u reine 7*ti't)nreitr're' ei )n ter7en $e ce& 7u&t 3( $e >i&e $e &' $'t' recei*nrii

tutur*r $*cu7ente&*r in$ic'te &' '&in#?2@# ?H@ L' )nreitr're' *,ertei u%&ice ' ri7ei e7iiuni ' '&*ri&*r 7*%i&i're $intr.* c&''nu7it4 'cetei c&'e i e 'tri%uie nu7ru& )nreitrrii $e t't# ?=@ Du e5'7in're' cererii $e )nreitr're ' *,ertei u%&ice ' '&*ri&*r 7*%i&i're e7ie $e *intituie ,in'nci'r4 B*7ii' "'i*n'& in,*r7e'> F'nc' "'i*n'& ' M*&$*ei $ere )nreitr're''u reinere' cererii $e )nreitr're ' *,ertei )n c'u>#

?6@ Oun$ere' entru eri$icit'te' in,*r7'iei curine )n r*ectu& *,ertei u%&ice i )n'&te $*cu7ente4 re>ent'te entru )nreitr're' *,ertei u%&ice4 * *'rt e7itentu& '&*ri&*r7*%i&i're )n c*n,*r7it'te cu &ei&'i'4 recu7 i un$erKriteru& 'cetui'4 )n c*n,*r7it'te cuc*ntr'ctu& $e un$erKritin# Articolul ")# M*tie entru re,u>u& $e ' )nreitr' *,ert' u%&ic ' '&*ri&*r 7*%i&i're ?1@ M*ti entru re,u>u& $e ' )nreitr' *,ert' u%&ic ' '&*ri&*r 7*%i&i're *'te ,i:


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'@ nec*reun$ere' in,*r7'iei curine )n $*cu7ente&e re>ent'te4 ' 7*$u&ui $e '$*t're ''cet*r' ree$eri&*r &ei&'iei %@ e5iten' )n $*cu7ente&e re>ent'te ' in,*r7'iei c're $e7*ntre'> c c*n$iii&e e7iiuniii circu&'iei '&*ri&*r 7*%i&i're )nt )n c*ntr'$icie cu ree$eri&e &ei&'iei c@ intr*$ucere' )n r*ectu& *,ertei u%&ice4 )n *tr)re' riin$ e7iiune' '&*ri&*r 7*%i&i're'u )n '&te $*cu7ente4 )n ' cr*r %'> e e,ectue'> )nreitr're' e7iiunii '&*ri&*r 7*%i&i're4' in,*r7'iei ,'&e 'u er*n'te# ?2@ Oeinere' cererii $e )nreitr're ' *,ertei u%&ice ' '&*ri&*r 7*%i&i're $in c*ni$erente $ener'i*n'&it'te nu e '$7ite#

?3@ Deci>i' riin$ re,u>u& $e ' )nreitr' *,ert' u%&ic ' '&*ri&*r 7*%i&i're cu 'ru7ent're're,u>u&ui e e5e$i'> e7itentu&ui $e ctre B*7ii' "'i*n'& )n ter7en $e = >i&e $e &' $'t''$*trii ei#

?H@ Deci>i' riin$ re,u>u& $e ' )nreitr' *,ert' u%&ic ' '&*ri&*r 7*%i&i're *'te ,i 't'c't)n int'n' $e u$ec't# Articolul "*# M*$i,ic're' i c*7&et're' r*ectu&ui

*,ertei u%&ice

0n 7*$u& i )n ter7enu& t'%i&it $e ctre B*7ii' "'i*n'&4 )n r*ceu& $e,urrii *,erteiu%&ice ri7're ' '&*ri&*r 7*%i&i're4 e7itentu& ete *%&i't *ere>e 7*$i,icri&e i c*7&etri&enece're )n r*ectu& *,ertei u%&ice i )n '&te $*cu7ente re>ent'te entru )nreitr're' *,ertei

u%&ice ?)n c'>u& )n c're e c*nt't c $*cu7ente&e reectie nu c*reun$ ree$eri&*r&ei&'iei@4 )nreitre>e 7*$i,icri&e i c*7&etri&e &' B*7ii' "'i*n'& i in,*r7e>e$eint*rii $e '&*ri 7*%i&i're $ere 7*$i,icri&e i c*7&etri&e *er'te )n c*n,*r7it'te cu&ei&'i'# Articolul "+# P'rticu&'riti&e e,ecturii *,ertei u%&ice

ri7're ' '&*ri&*r 7*%i&i're ?1@ G7itentu& ete )n $ret iniie>e *,ert' u%&ic ri7'r ' '&*ri&*r 7*%i&i're nu7'i $u)nreitr're' ei &' B*7ii' "'i*n'

?2@ P&''7entu& '&*ri&*r 7*%i&i're *'te )ncee nu 7'i $ere7e $ec)t ete 1= >i&e c'&en$'ritice$u 'iur're'4 entru t*i inetit*rii *teni'&i4 ' 'cceu&ui &' in,*r7'i' curin)n r*ectu& *,ertei u%&ice# ?3@ In,*r7'i' $ere reu& '&*ri&*r 7*%i&i're &''te e $e>&uie $in ri7' >i ' &''7entu&ui'&*ri&*r 7*%i&i're# ?H@ +,ert' u%&ic ri7'r ' '&*ri&*r 7*%i&i're *'te ,i e,ectu't $e un$erKriteru& e7itentu&ui )nnu7e&e 'cetui'# )Art.17. a(.*+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71 )Art.17. a(.*+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

?2@ P&''7entu& '&*ri&*r 7*%i&i're *'te )ncee nu 7'i $ere7e $ec)t ete 2 t7)ni $u'iur're'4 entru t*i inetit*rii *teni'&i4 ' 'cceu&ui &' in,*r7'i' curin

)n r*ectu& *,ertei u%&ice# Articolul ",# D're' $e e'7 riin$ re>u&t'te&e e7iiunii u%&ice ?1@ G7itentu& re>int B*7iiei "'i*n'&e $'re' $e e'7 riin$ re>u&t'te&e e7iiunii u%&ice ''&*ri&*r 7*%i&i're )n ter7en $e 1= >i&e $e &' $'t' )nceierii &''7entu&ui '&*ri&*r 7*%i&i're# ?2@ M*$e&u& $rii $e e'7 riin$ re>u&t'te&e e7iiunii u%&ice ' '&*ri&*r 7*%i&i're et'%i&ete $e ctre B*7ii' "'i*n' ?3@ G7itentu& *'rt run$ere )n c*n,*r7it'te cu &ei&'i' entru eri$icit'te' $'te&*r curine)n $'re' $e e'7# ?H@ B*7ii' "'i*n'&4 )n ter7en $e 3( $e >i&e4 e5'7ine'> $'re' $e e'7 riin$ re>u&t'te&ee7iiunii u%&ice ' '&*ri&*r 7*%i&i're i4 $'c nu e c*nt't re* )nc&c're ' &ei&'iei4 *)nreitre'># ?=@ 0n c'>u& )n c're e $eite'> )nc&cri &' $e,ur're'e7iiunii u%&ice ' '&*ri&*r 7*%i&i're4 B*7ii' "'i*n'& re,u> )nreitr're' $rii $e e'7


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i c'&i,ic e7iiune' c' nee,ectu't# B*7ii' "'i*n'& )i u%&ic *tr)re' )n ter7en $e 1= >i&ec'&en$'ritice $e &' $'t' '$*trii 'cetei'## ?6@ Intituii&e ,in'nci're re>int B*7iiei "'i*n'&e $ri $ee'7 riin$ re>u&t'te&e e7iiunii u%&ice ' '&*ri&*r 7*%i&i're4 *%in)n$ )n re'&'%i& 'i>u&reecti '& Fncii "'i*n'&e ' M*&$*ei#

M*$e&u& $ri&*r $e e'7 i eri*$icit'te' re>entrii &*r e t'%i&ec $e ctre F'nc' "'i*n'& 'M*&$*ei $e c*7un 'c*r$ cu B*7ii' "'i*n' B*7ii' "'i*n'& in,*r7e'> F'nc' "'i*n'& 'M*&$*ei $ere )nreitr're' 'u $ere re,u>u& $e ' )nreitr' $'re' $e e'74 'ru7ent)n$re,u>u )Art.18. a(.*!+ &diiat rin LP01 /8.07.0!, MO107/1.08.0! art.!71 )Art.18. a(.*!+ &diiat rin LP01 /8.07.0!, MO107/1.08.0! art.!71

?=@ 0n c'>u& )n c're e $eite'> )nc&cri &' $e,ur're'e7iiunii u%&ice ' '&*ri&*r 7*%i&i're4 B*7ii' "'i*n'& re,u> )nreitr're' $rii $e e'7i c'&i,ic e7iiune' c' nee,ectu't# 0n ter7en $e 3 >i&e4 B*7ii' "'i*n'& in,*r7e'> )n cri$ere 'ce't' e7itentu&4 )n ter7en $e 1= >i&e u%&ic $eci>i' ' i )ntrerin$e 7uri re>ute $e&ei&'ie#

Articolul "-# M*$u& $e e,ectu're ' *,ertei u%&ice ' '&*ri&*r7*%i&i're e i'' ecun$'r ?1@ +,ert' u%&ic ' '&*ri&*r 7*%i&i're e i'' ecun$'r e e,ectue'> )n ur7t*'re&ec*n$iii: '@ *,ert' u%&ic ri7'r ' '&*ri&*r 7*%i&i're reectie ' ,*t )nreitr't )n 7*$u& t'%i&it %@ e7iiune' '&*ri&*r 7*%i&i're reectie ' ,*t c'&i,ic't c' e,ectu't c@ e7iiune' '&*ri&*r 7*%i&i're reectie nu ' ,*t c'&i,ic't c' ne'&'%i ?2@ +,ert' u%&ic ' '&*ri&*r 7*%i&i're e i'' ecun$'r e e,ectue'> ,r ' ,i )nreitr't &'B*7ii' "'i*n' Articolul $.#M*$i,ic're' $'te&*r $ere '&*ri&e 7*%i&i're &''te rin inter7e$iu& *,ertei u%&ice

0n c'>u& '$*trii $e ctre e7itent ' *tr)rii c're i7&ic 7*$i,ic're' $'te&*r $ere '&*ri&e7*%i&i're4 ' cr*r *,ert u%&ic ' ,*t )nreitr't &' B*7ii' "'i*n'&4 e7itentu& ete *%&i't re>inte 'ce't *tr)re entru )nreitr're )n ter7en $e = >i&e $u '$*t're' ei4 )n 7*$u& t'%i&it$e ctre B*7ii' "'i*n'!apitolul )O/ERTA TENDER Articolul $"# Berine&e $e %'> ,' $e *,ert' ten$er ?1@ +,ert' ten$er tre%uie c*nin: '@ $'te&e $e i$enti,ic're '&e *,ert'ntu&ui %@ $'t' 'nunrii i ter7enu& $e 'ciune ' *,ertei c@ $'te&e $e i$enti,ic're '&e e7itentu&ui4 '&e crui 'ciuni inteni*ne'> &e r*cure 'u &e

)n$ *,ert'ntu& )Art.1. a(.*1+ (it.+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71 )Art.1. a(.*1+ (it.+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

c@ $'te&e $e i$enti,ic're '&e e7itentu&ui4 '&e crui 'ciuni inteni*ne'> &e r*cure *,ert'ntu&$@ nu7ru& i tiu& 'ciuni&*r reectie4 reu& $e r*cur're 'u $e )n>'re r*u)Art.1. a(.*1+ (it.d+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.1. a(.*1+ (it.d+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

$@ nu7ru& i tiu& 'ciuni&*r reectie4 reu& $e r*cur're r*u e@ eci,ic're' 7*$u&ui $e re>ent're *,ert'ntu&ui $e ctre $eint*rii $e 'ciuni ' r*uneri&*r $e)n>'re ' 'ciuni&*r ce &e ''rin ?)n c'>u& *,ertei ten$er $e r*cur're@ 'u $e ctre *teni'&iiinetit*ri ' r*uneri&*r $e r*cur're ' 'ciuni&*r ce ''rin *,ert'ntu&ui ?)n c'>u& *,ertei ten$er $e)n>'re@4 recu7 i 7*$u& $e re*c're ' r*uneri&*r 7eni*n'te)Art.1. a(.*1+ (it.'+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71


18/43

)Art.1. a(.*1+ (it.'+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71

e@ eci,ic're' 7*$u&ui $e re>ent're *,ert'ntu&ui $e ctre $eint*rii $e 'ciuni c're 'ccet*,ert' ' r*uneri&*r $e )n>'re ' 'ciuni&*r ce &e ''rin4 recu7 i 7*$u& $ere*c're ' r*uneri&*r 7eni*n'te ,@ $'te&e $e i$enti,ic're '&e $eint*ru&ui $e reitru 'u '&e $e*>it'ru&ui 'ciuni&*r in$ic'te )n

r*uneri&e reectie @ $'te $ere c*n$iii&e i 7*$u& $e e5ecut're $e ctre *,ert'nt ' *%&i'ii&*r '&e re,erit*r &'*,ert' reecti @ $'te&e $e i$enti,ic're '&e %ncii 'u '&e '&tui 'r'nt '& *%&i'ii&*r *,ert'ntu&ui $e 'cit're ''ciuni&*r )n c*n,*r7it'te cu *,ert'4 )n c'>u& *,ertei ten$er $e r*cur're4 . )n c'>uri&e )n c're'&*'re' e5ecutrii *%&i'ii&*r reectie $eete u7' 7i&*'ce&*r r*rii '&e *,ert'ntu&ui)Art.1. a(.*1+ (it.:+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.1. a(.*1+ (it.:+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

@ $'te&e $e i$enti,ic're '&e %ncii 'u '&e '&tui 'r'nt '& *%&i'ii&*r *,ert'ntu&ui $e 'cit're ''ciuni&*r )n c*n,*r7it'te cu *,ert' reecti . )n c'>uri&e )n c're '&*'re' e5ecutrii *%&i'ii&*rreectie $eete u7' 7i&*'ce&*r r*rii '&e *,ert'ntu&ui

i@ '&te c*n$iii c're nu c*ntr'in &ei&'iei# ?2@ Pr*uneri&e $e )n>'re ' 'ciuni&*r ,cute $e $eint*rii 'cet*r' 4 recu7 i r*uneri&e $er*cur're $e ctre *&icit'ni4 e )nreitre'> )n 7*$ r'tuit $e $eint*ru& reitru&ui 'u $e$e*>it'ru& e7itentu&ui4 )nt*c7in$u.e * &it ' er*'ne&*r c're 'ccet *,ert' ten$er#)Art.1. a(.*+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.1. a(.*+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

?2@ Pr*uneri&e $e )n>'re ' 'ciuni&*r ,cute $e $eint*rii 'cet*r' e )nreitre'> )n 7*$r'tuit $e $eint*ru& reitru&ui 'u $e $e*>it'ru& e7itentu&ui4 )nt*c7in$u.e * &it' er*'ne&*r c're 'ccet *,ert' ten$er# ?3@ +,ert' ten$er tre%uie ,ie '&'%i& ce& uin 3( $e >i&e#

?H@ Preu& 'ciuni&*r4 in$ic't )n *,ert' ten$er4 nu *'te ,i 7'i 7ic $ec)t reu& 7e$iu *n$er't

)nreitr't &' %ur' $e '&*ri )n u&ti7e&e 6 &uni )n'inte $e $'t' 'nunrii *,ertei )n c'u>#)Art.1. a(.*4+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71


?H@ Preu& $e r*cur're ' 'ciuni&*r4 in$ic't )n *,ert' ten$er4 nu *'te ,i 7'i 7ic $ec)t reu& 7e$iu*n$er't $e r*cur're ' 'ciuni&*r reectie )n u&ti7e&e 6 &uni )n'inte $e$'t' 'nunrii *,ertei )n c'u>4 cu e5cei' c'>uri&*r tiu&'te )n &ei&'ie# ?=@ B*n$iii&e *,ertei ten$er tre%uie ,ie e'&e entru t*i $eint*rii 'ciuni&*r reectie 'u

*teni'&ii cu7rt*ri#)Art.1. a(.*!+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.1. a(.*!+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

?=@ B*n$iii&e *,ertei ten$er tre%uie ,ie e'&e entru t*i $eint*rii 'ciuni&*r reectie#

?6@ +rice in,*r7'ie re>ent't $e e7itent unui *,ert'nt ur7e'> ' ,i re>ent't ne)nt)r>i't )n'ce&'i *&u7 '&t*r *,ert'ni# ?-@ M*$u& $e re>ent're *,ert'ntu&ui ' $'te&*r curine )n reitru& 'ci*n'ri&*r *cietii e'ciuni reectie4 ce )nt nece're entru retire' *,ertei ten$er4 e t'%i&ete $e ctre B*7ii'

"'i*n'?8@ Per*'n' c're ' r*cur't $e ine ttt*r 'u )7reun cu er*'ne&e '&e ',i&i'te 7'i 7u&t $e

=(N $in *&u7u& t*t'& $e 'ciuni ue )n circu&'ie '&e *cietii e 'ciuni $e ti $eci ete*%&i't r*un 'ci*n'ri&*r .i )n$ 'ciuni&e cu $ret $e *t4 c're &e ''rin4 )n c*n,*r7it'tecu ree$eri&e 'rt#8H '&in#?=@ $in Lee' riin$ *cieti&e e 'ciuni#)Art.1. a(.*8+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.1. a(.*8+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

?8@ Per*'n' c're ' r*cur't $e ine ttt*r 'u )7reun cuer*'ne&e '&e ',i&i'te un 'cet $e c*ntr*& $e 'ciuni ue )n circu&'ie '&e *cietii e


19/43

'ciuni $e ti $eci ete *%&i't r*un 'ci*n'ri&*r .i )n$ 'ciuni&e cu $ret$e *t4 c're &e ''rin4 )n c*n,*r7it'te cu ree$eri&e 'rt#8H '&in#?=@ $in Lee' riin$*cieti&e e 'ciuni# ?9@ Eciune' n*r7e&*r re>entu&ui 'rtic*& re,erit*'re &' 'ciuni&e c're c*ntituie *%iectu& *,erteiten$er e e5tin$e 'ur' *ricr*r '&*ri 7*%i&i're ce *t ,i c*nertite )n 'ciuni#Articolul $$# 0nreitr're' *,ertei ten$er ?1@ +rice *,ert ten$er e )nreitre'> &' B*7ii' "'i*n'& )n 7*$u& t'%i&it $e 'ce't'# ?2@ Ae inter>ice $eunere' *,ertei ten$er4 r*cur're'4 )n>'re'4 ne*ciere' r*currii 'une*ciere' )n>rii '&*ri&*r 7*%i&i're )n %'>' *,ertei ten$er4 recu7 i

u%&icit'te' *,ertei reectie )n &' )nreitr're' ei &' B*7ii' "'i*n')Art.. a(.*+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.. a(.*+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

?2@ Ae inter>ice $eunere' *,ertei ten$er4 r*cur're' 'u ne*ciere'r*currii '&*ri&*r 7*%i&i're )n %'>' *,ertei ten$er4 recu7 iu%&icit'te' *,ertei reectie )n &' )nreitr're' ei &' B*7ii' "'i*n' ?3@ +,ert'ntu& *'te *er' )n *,ert' ten$er 7*$i,icri i c*7&etri c're nu c*ntr'in &ei&'iei4

cu c*n$ii' )nreitrrii &*r &' B*7ii' "'i*n' M*$i,icri&e i c*7&etri&e nu tre%uie )nrute'c c*n$iii&e *,ertei ten$er#)Art.. a(.*3+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.. a(.*3+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

?3@ +,ert'ntu& *'te *er' )n *,ert' ten$er 7*$i,icri i c*7&etri c're nu c*ntr'in &ei&'iei4 cuc*n$ii' )nreitrrii &*r &' B*7ii' "'i*n' M*$i,icri&e i c*7&etri&e nutre%uie )nrute'c c*n$iii&e *,ertei ten$er entru $eint*rii '&*ri&*r 7*%i&i're# Articolul $%# G,ectu're' *,ertei ten$er ?1@ +,ert' ten$er )nreitr't e e5e$i'> tutur*r $eint*ri&*r $e '&*ri 7*%i&i're 'u

*teni'&i&*r cu7rt*ri )n ,*r7 cri i/'u e u%&ic )ntr.un *r'n $e re 'ccei%i)Art.3. a(.*1+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

)Art.3. a(.*1+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71?1@ +,ert' ten$er )nreitr't e e5e$i'> tutur*r $eint*ri&*r $e '&*ri 7*%i&i're )n ,*r7 crii/'u e u%&ic )ntr.un *r'n $e re'ccei%i& )n e'& 7ur tutur*r $eint*ri&*r $e '&*ri 7*%i&i're# ?2@ Deint*ru& $e '&*ri 7*%i&i're c're 'ccet *,ert' ten$er e5e$i'> *,ert'ntu&ui

r*unere' $e )n>'re ' '&*ri&*r 7*%i&i're c're )i ''rin i &e $eune &' $eint*ru& $e reitru 'u&' $e*>it'ru& in$ic't )n *,ert' ten$er# ?3@ Deint*ru& $e '&*ri 7*%i&i're c're ' )n'int't r*unere' $e )n>'re ' '&*ri&*r 7*%i&i'reete )n $ret * re*ce )n ter7enu& '&'%i&itii *,ertei ten$er# 0n 'cet c'>4 $eint*ru& $e reitru'u $e*>it'ru& ete *%&i't retituie i7e$i't $eint*ru&ui '&*ri&e 7*%i&i're $eue# ?H@ D'c )n ter7enu& t'%i&it )n *,ert' ten$er 'u ,*t ,cute r*uneri $e )n>'re ' unui nu7r $e

'&*ri 7*%i&i're e'& 'u 7'i 7're $ec)t ce& in$ic't )n *,ert4 *,ert'ntu& ete *%&i't &er*cure )n nu7r nu 7'i 7ic $ec)t ce& in$ic't )n *,ert4 'ti,c)n$ 'cete r*uneri e $e&in'u )n %'> r**ri*n' ?=@ D'c )n ter7enu& t'%i&it )n *,ert' ten$er 'u ,*t ,cute r*uneri $e )n>'re ' unui nu7r $e'&*ri 7*%i&i're 7'i 7ic $ec)t ce& in$ic't )n *,ert4 *,ert'ntu& ete )n $ret rein e5ecut're'*%&i'ii&*r 'u r*cure t*'te 'ciuni&e reectie4 'ti,c)n$ r*uneri&e 7eni*n'te# Ece't

ree$ere nu e '&ic )n c'>u& eci,ic't &' 'rt#21 '&in# ?8@# )Art.3. a(.*!+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71 )Art.3. a(.*!+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71

?=@ D'c )n ter7enu& t'%i&it )n *,ert' ten$er 'u ,*t ,cute r*uneri $e )n>'re ' unui nu7r$e '&*ri 7*%i&i're 7'i 7ic $ec)t ce& in$ic't )n *,ert4 *,ert'ntu& ete )n$ret rein e5ecut're' *%&i'ii&*r 'u r*cure t*'te 'ciuni&e reectie4 'ti,c)n$

r*uneri&e 7eni*n'te#


20/43

?6@ i&e# ?-@ Pe 'rcuru& )ntreii eri*'$e $e '&'%i&it'te ' *,ertei ten$er4 *,ert'ntu& i er*'ne&e ',i&i'te&ui nu )nt )n $ret: '@ r*cure4 $irect 'u in$irect4 )n '&t 7*$ $ec)t ce& in$ic't )n *,ert' ten$er4 'u ne*cie>e

r*cur're' '&*ri&*r 7*%i&i're c're c*ntituie *%iectu& *,ertei reectie %@ )n$ '&*ri&e 7*%i&i're in$ic'te )n *,ert' ten$er#!apitolul *!IR!ULAIA &ALORILOR MO'ILIAREArticolul $(#r'n>'cii&e cu '&*ri 7*%i&i're?1@ r'n>'cii&e cu '&*ri 7*%i&i're e e,ectue'> )n c*n,*r7it'te cu re>ent' &ee i cu '&te 'cte&ei&'tie#?2@ Din 7*7entu& )nreitrrii )n reitru ' $retu&ui $e

r*riet'te 'ur' '&*rii 7*%i&i're4 cu7rt*ru& *%ine t*'te $returi&e c*n,erite $e '&*'re'7*%i&i'r reecti#?3@ 0n c'>uri&e t'%i&ite $e &ei&'i' 'nti7*n**&4 r*cur're' i )ntrin're' '&*ri&*r 7*%i&i're )n

r*ceu& circu&'iei &*r e e,ectue'> nu7'i cu 'c*r$u& re'&'%i& '& *r'nu&ui '%i&it't cure&e7ent're' 'nti7*n**?H@ G,ectu're' tr'n>'cii&*r $e )n>'re.cu7r're4 $e ci7% i $e ''re ' '&*ri&*r 7*%i&i're e

er7ite nu7'i $u c'&i,ic're' e7iiunii '&*ri&*r 7*%i&i're reectie c' e,ectu't#?=@ 0nreitr're' tr'n>'cii&*r cu 'ciuni '&e %nci&*r ce $eec &i7ite&e c*te&*r t'%i&ite &' 'rt#1=$in Lee' intituii&*r ,in'nci're e ' e,ectu' $u *%inere' er7iiunii crie ' Fncii "'i*n'&e 'M*&$*ei $e $einere ' 'cet*r c*te $e ctre 'ci*n'rii %ncii4 e7ie )n c*n$iii&e &eii 7eni*n'te#)Art.4 a(.*!+ intr&d2 rin LP49/1.10.0!, MO1!4/18.11.0! art.771

Articolul $)# r'n7itere' $retu&ui $e r*riet'te 'ur''&*ri&*r 7*%i&i're &' urtt*r

Dretu& $e r*riet'te 'ur' '&*ri&*r 7*%i&i're &' urtt*r trece &' cu7rt*r:

'@ $in 7*7entu& tr'n7iterii ctre cu7rt*r ' certi,ic'tu&ui &*r4 $'c c*ntr'ctu& nu ree$e '&tc*n$iie . )n c'>u& )n c're certi,ic'tu& e ',& &' r*riet'r%@ $in 7*7entu& e,ecturii )ncrierii e c*ntu& er*n'& '& cu7rt*ru&ui )n $*cu7ente&e $eei$en '&e $eint*ru&ui n*7in'& . )n c'>u& )n c're certi,ic'te&e '&*ri&*r 7*%i&i're &' urtt*r e

tre'> i/'u ei$en' $returi&*r cu7rt*ri&*r 'ur' '&*ri&*r 7*%i&i're e ine $e $eint*ru&n*7in'Articolul $*#r'n7itere' $retu&ui $e r*riet'te 'ur'

'&*ri&*r 7*%i&i're n*7in'tie?1@ r'n7itere' $retu&ui $e r*riet'te 'ur' '&*ri&*r 7*%i&i're n*7in'tie e e,ectue'> )n7*$u& t'%i&it $e &ei&'ie#?2@ Dretu& $e r*riet'te 'ur' '&*ri&*r 7*%i&i're n*7in'tie trece $e &' * er*'n &'

'&t' rin inter7e$iu& $i*>iiei $e tr'n7itere ?)n c'>u& )n c're ei$en' '&*ri&*r 7*%i&i're eine )n reitru@ 'u rin inter7e$iu& $i*>iiei $'te $eint*ru&ui n*7in'& ?)n c'>u& )n c'reei$en' '&*ri&*r 7*%i&i're * ine $eint*ru& n*7in'&@4 er,ect'te )n c*n,*r7it'te cu cerine&et'%i&ite $e ctre B*7ii' "'i*n'?3@ Di*>ii' $e tr'n7itere e e7ne'> $e ctre er*'n' )nreitr't c're tr'n7ite '&*ri&e7*%i&i're n*7in'tie 'u $e ctre '&t er*'n t'%i&it $e &ei&'ie# 0n c'>u&tr'n7iterii '&*ri&*r 7*%i&i're n*7in'tie c' re>u&t't '& tr'n>'ciei e,ectu'te &' %ur' $e '&*ri4$i*>ii' $e tr'n7itere e e7ne'> i $e er*'n' )7uternicit $e ctre 7e7%ru& %urei $e'&*ri#)Art.6. a(.*3+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71


?3@ Di*>ii' $e tr'n7itere e e7ne'> $e ctre er*'n' )nreitr't c're tr'n7ite '&*ri&e7*%i&i're n*7in'tie 'u $e ctre '&t er*'n t'%i&it $e &ei&'ie# 0n c'>u&


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tr'n7iterii '&*ri&*r 7*%i&i're n*7in'tie c' re>u&t't '& tr'n>'ciei e,ectu'te &' %ur' $e '&*ri4$i*>ii' $e tr'n7itere e e7ne'> i $e er*'n' )7uternicit ' %urei $e '&*ri#?H@ Ae7nturi&e er*'ne&*r ,i>ice )n $i*>iii&e $e tr'n7itere i $i*>iii&e $'te $eint*ru&uin*7in'& e 'utenti,ic n*t'ri'&4$e ctre $eint*ru& reitru&ui 'u $e ctre 'rtici'nii r*,ei*niti&' i'' '&*ri&*r 7*%i&i're '&e cr*r c&ieni )nt 'cete er*'ne ,i>ice# Per*'n' c're 'utenti,ice7ntur' *'rt run$ere4 )n c*n,*r7it'te cu &ei&'i'4 entru reu$icii&ec'u>'te )n ur7' nereectrii cerine&*r t'%i&ite &' 'utenti,ic're' e7nturii#?=@ Dretu& $e r*riet'te 'ur' '&*rii 7*%i&i're n*7in'tie ne7'teri'&i>'te trece &' cu7rt*r$in 7*7entu& e,ecturii )ncrierii e c*ntu& &ui er*n'& )n reitru ?)n c'>u& )n c're ei$en''&*ri&*r 7*%i&i're e ine )n reitru@ 'u )n $*cu7ente&e $e ei$en '&e $eint*ru&ui n*7in'& ?)nc'>u& )n c're ei$en' '&*ri&*r 7*%i&i're * ine $eint*ru& n*7in'&@#?6@ Dretu& $e r*riet'te 'ur' '&*rii 7*%i&i're n*7in'tie 7'teri'&i>'te trece &' cu7rt*r:'@ $in 7*7entu& e&i%errii certi,ic'tu&ui '&*rii 7*%i&i're4 $u e,ectu're' )ncrierii e c*ntu&

er*n'& '& cu7rt*ru&ui ?)n c'>u& )n c're ei$en' '&*ri&*r 7*%i&i're e ine )n reitru@%@ $in 7*7entu& e,ecturii )ncrierii reectie e c*ntu& er*n'&'& cu7rt*ru&ui )n reitru4 $u ce )i tr'n7ite $eint*ru&ui n*7in'&4

'& crui c&ient ete cu7rt*ru&4 certi,ic'tu& '&*rii7*%i&i're ?)n c'>u& )n c're ei$en' '&*ri&*r 7*%i&i're * ine $eint*ru& n*7in'&@#Articolul $+# Oe'&i>'re' $returi&*r c*n,erite $e

'&*ri&e 7*%i&i're?1@ Dreturi&e c*n,erite $e '&*ri&e 7*%i&i're n*7in'tie e re'&i>e'>:'@ $e er*'n' in$ic't )n certi,ic'tu& '&*ri&*r 7*%i&i're4 &' re>ent're' certi,ic'tu&ui $ectre $eint*ru& &ui 'u $e ctre er*'n' )7uternicit $e 'cet' . )n c'>u& )n c'reei$en' '&*ri&*r 7*%i&i're 7'teri'&i>'te e ine )n reitru# D'c '&*ri&e 7*%i&i're7'teri'&i>'te )nt re'te $e *%&i'ii4 $returi&e c*n,erite $e 'cete '&*ri 7*%i&i're e re'&i>e'>$e er*'ne&e in$ic'te )n reitru ,r re>ent're' certi,ic'tu&ui '&*ri&*r 7*%i&i're

%@ $e er*'n' in$ic't )n reitru . )n c'>u& inerii ei$enei '&*ri&*r 7*%i&i're ne7'teri'&i>'te )n

reitruc@ $e er*'n' in$ic't )n $*cu7ente&e $e ei$en '&e $eint*ru&ui n*7in'& . )n c'>u& ineriiei$enei '&*ri&*r 7*%i&i're $e ctre $eint*ru& n*7in'?2@ D'c4 &' 7*7entu& %&*crii reitru&ui4 $'te&e $ere n*u&

r*riet'r '& '&*ri&*r 7*%i&i're n*7in'tie nu 'u ,*t '$ue &' cun*tin'$eint*ru&ui $e reitru ?)n c'>u& )n c're ei$en' '&*ri&*r 7*%i&i're e ine )n reitru@ 'u &'cun*tin' $eint*ru&ui n*7in'& ?)n c'>u& )n c're ei$en' '&*ri&*r 7*%i&i're e ine $e ctre$eint*ru& n*7in'&@4 *%&i'ii&e e7itentu&ui ,' $e er*'n' )nreitr't )n reitru 'uin$ic't )n $*cu7ente&e $eint*ru&ui n*7in'& e re'&i>e'> c*n,*r7 $'te&*r &' 7*7entu& %&*criireitru&ui#?3@ Dreturi&e e c're &e c*n,er '&*ri&e 7*%i&i're &' urtt*r e re'&i>e'> $e $eint*ru& '&*ri&*r

7*%i&i're reectie &' re>ent're' 'cet*r'#?H@ 0n c'>u& )n c're '&*ri&e 7*%i&i're &' urtt*r e tre'> &' $e*>it'r4 $returi&e e c're &ec*n,er 'cete '&*ri 7*%i&i're e re'&i>e'> $e ctre $eint*ru& &*r &' re>ent're' $e ctre$e*>it'r ' &itei $eint*ri&*r $e '&*ri 7*%i&i're c're e tre'> &' 'cet $e*>it'r# *t*$'t4e7itentu& )i *'te cere $e*>it'ru&ui re>inte certi,ic'te&e '&*ri&*r 7*%i&i're c're e tre'> &'e?=@ Oe'&i>'re' $returi&*r c*n,erite $e '&*ri&e 7*%i&i're e '$7ite nu7'i $u c'&i,ic're' $e ctreB*7ii' "'i*n'& ' e7iiunii &*r c' e,ectu't#?6@ 0n c'>u& )n c're 're &*c %&*c're' )n reitru ' c*nturi&*r er*n'&e '&e $eint*ri&*r4 $retu&$eint*ru&ui $e '&*ri 7*%i&i're $e ' )ntrin' '&*ri&e 7*%i&i're e uen$ )n &' $e%&*c're#Articolul $,# Ure're' cu *%&i'ii ' '&*ri&*r 7*%i&i're?1@ )n cri#


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0n eri*'$' '&'%i&itii c*ntr'ctu&ui $e '4 cre$it*ru& 'it nu ete )n $ret '$7initre>e'&*ri&e 7*%i&i're ''te#?3@ B*ntr'ctu& $e ''re ' '&*ri&*r 7*%i&i're n*7in'tie ete '&'%i& nu7'i cu c*n$ii' eci,icrii)n reitru ' retricii&*r 'ur' $retu&ui $e )ntrin're ' '&*ri&*r 7*%i&i're ''te#)Art.8. a(.*3+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71


?3@ B*ntr'ctu& $e ''re ' '&*ri&*r 7*%i&i're n*7in'tie ete '&'%i& nu7'i cu c*n$ii'eci,icrii )n reitru ' retricii&*r 'ur' $retu&ui $e )ntrin're ' '&*ri&*r 7*%i&i're c'ree tr'n7it )n '4 er,ectrii $e ctre $e%it*ru& 'it ?er*'n' )nreitr't@ ' $i*>iiei $etr'n7itere i )n7)nrii 'cetei' cre$it*ru&ui 'it# 0n c'>u& 'rii '&*ri&*r 7*%i&i're n*7in'tie7'teri'&i>'te4 cre$it*ru&ui 'it i e tr'n7it i certi,ic'te&e 'cet*r '&*ri#?H@ B*ntr'ctu& $e ''re ' '&*ri&*r 7*%i&i're n*7in'tie 're utere uri$ic $in 7*7entu&e,ecturii )ncrieri&*r reectie )n reitru#)Art.8. a(.*4+ &diiat rin LP01/8.07.0!, MO107/1.08.0! art.!71


?H@ B*ntr'ctu& $e ''re ' '&*ri&*r 7*%i&i're n*7in'tie 're utere uri$ic $in 7*7entu&

e,ecturii )ncrieri&*r reectie )n reitru i tr'n7iterii ctre cre$it*ru& 'it ' $*cu7ente&*rin$ic'te &' '&in#?3@#?=@ "ereect're'4 &' ''re' '&*ri&*r 7*%i&i're n*7in'tie4 ' ree$eri&*r '&in#?3@.?H@ 'tr'e $uine nu&it'te' c*ntr'ctu&ui $e ' cu t*'te c*necine&e ener'te $e 'cet ,'t4 re>ute $e &ei&'ie#?6@ + $'t cu e5ecut're' $e ctre $e%it*ru& 'it ' *%&i'ii&*r 'r'nt'te rin '4 cre$it*ru& 'it 'e5e$i' $eint*ru&ui $e reitru * $ec&'r'ie cri $ere r'$iere' 'u&ui4 e,ectu)n$ )n reitru)ncrieri&e riin$ 'nu&'re' retricii&*r 'ur' $retu&ui $e )ntrin're ' '&*ri&*r 7*%i&i're ''te#0nc'>u& 'rii '&*ri&*r 7*%i&i're n*7in'tie 7'teri'&i>'te4 cre$it*ru& 'it ' re7ite $e%it*ru&ui'it certi,ic'te&e 'cet*r'#?-@ 0n c'>u& nee5ecutrii $e ctre $e%it*ru& 'it ' *%&i'ii&*r 'r'nt'te rin '4 cre$it*ru& 'it

*'te '&ic' $returi&e t'%i&ite $e &ei&'i' cu riire &' '#

)Art.8. a(.*6+-*7+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71)Art.8. a(.*6+-*7+ #n r'daia LP01/8.07.0!, MO107/1.08.0! art.!71

?6@ +$'t cu e5ecut're' $e ctre $e%it*ru& 'it ' *%&i'ii&*r 'r'nt'terin '4 cre$it*ru& 'it re7ite $e%it*ru&ui 'it $i*>ii' $e tr'n7itere4 i'r )n c'>u&'rii '&*ri&*r 7*%i&i're n*7in'tie 7'teri'&i>'te . i certi,ic'te&e &*r4 e,ectu)n$ )n reitru)ncriere' riin$ 'nu&'re' retricii&*r 'ur' $retu&ui $e )ntrin're ' '&*ri&*r 7*%i&i're''te#?-@ 0n c'>u& nee5ecutrii $e ctre $e%it*ru& 'it ' *%&i'ii&*r 'r'nt'te rin '4 &' e5ir're'ter7enu&ui c*ntr'ctu&ui $e ''re ' '&*ri&*r 7*%i&i're4 $retu& $e r*riet'te 'ur''&*ri&*r 7*%i&i're n*7in'tie c're c*ntituie *%iectu& 'u&ui trece &' cre$it*ru& 'it 'u &' '&t

er*'n4 rin e,ectu're' )ncrierii reectie )n reitru4 )n %'>' $i*>iiei $e tr'n7itere c're e

',& &' cre$it*ru& 'it c*n,*r7 ree$eri&*r re>entei &ei#?8@ Ure're' cu *%&i'ii ' '&*ri&*r 7*%i&i're &' urtt*r e e,ectue'> )n 7*$u& t'%i&it $e&ei&'ie#Articolul $-#P'rticu&'riti&e &'rii i circu&'iei )n

Oeu%&ic' M*&$*' ' '&*ri&*r 7*%i&i're trine?1@ it're 7*&$*eneti4 e'&ic n*r7e&e t'%i&ite $e re>ent' &ee re,erit*r &' '&*ri&e 7*%i&i're '&e e7iteni&*r )nreitr'i)n Oeu%&ic' M*&$*'# B*7ii' "'i*n'& )nreitre'> *,ert' u%&ic ri7'r ' reciie&*r$e*>it're 7*&$*eneti )n c'>u& e5itenei 'ut*ri>'iei reectie ' Fncii "'i*n'&e ' M*&$*ei#?3@


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&' B*7ii' "'i*n'Articolul %.#Pr*cur're' '&*ri&*r 7*%i&i're $e ctre

inetit*rii triniInetit*rii trini r*cur '&*ri 7*%i&i're '&e e7iteni&*r )nreitr'i )n Oeu%&ic' M*&$*' ,rretricii4 )n 7*$u& t'%i&it $e &ei&'ie#Articolul %"#Cr'ci*n're'4 c*n*&i$'re'4 $en*7in'&i>'re'4 c*nertire' i 'nu&'re' '&*ri&*r 7*%i&i're?1@ Cr'ci*n're' i c*n*&i$'re' '&*ri&*r 7*%i&i're:'@ nu i7&ic 7*$i,ic're' '&*rii 7i&*'ce&*r 7*%i&i>'te $e ctre e7itent )n r*ceu& &''7entu&ui'cet*r '&*ri 7*%i&i're

%@ nu erec $ret te7ei entru c*7en're' '&*ri&*r 7*%i&i're retr'e $e &' $eint*ric@ e e,ectue'> ,r ce&tuie&i u&i7ent're $in 'rte' $eint*ri&*r $e '&*ri 7*%i&i're#?2@ T*tr)ri&e e7itentu&ui riin$ ,r'ci*n're'4 c*n*&i$'re'4 $en*7in'&i>'re' ic*nertire' '&*ri&*r 7*%i&i're &'

Legea Cu Privire La Piata Valorilor Mobiliare

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