Issues related to the state registration, changes, reorganization and deregistration from the State Register of Legal Entities taking into account the amendments made to the Law no. 220/2007 on state registration of legal entities and individual entrepreneurs within the package of laws on digitisation (in force since January 10, 2022) were discussed at an online round table organised by the Department for Registration and Licensing of Legal Entities of the Public Services Agency.
Angela Belobrov, the Head of the Department for Registration and Licensing of Legal Entities, announced that the PSA has already expanded the range of data from the State Register of Legal Entities published on its official website, to which free access is provided, including the information on the beneficial owner/beneficial owners, in accordance with the Law no. 308/2017 on prevention and combating money laundering and financing of terrorism. Law no. 220/2007 specifies the obligation of the Public Services Agency to verify the existence of an opinion/permit through the automatic data exchange.
Vitalie Lemne, the Deputy Chairman of the National Commission for Financial Markets (NCFM), emphasized the importance of establishing a mechanism for interaction between the NCFM and the PSA, taking into account the prerogatives of the Non-Banking Financial Supervision Authority to issue permits/prior approval to entities in the field of competence. Thus, the NCFM aims to ensure public access of professional participants in the non-banking financial market to additional permissive documents, both in relation to constituent/statutory documents, amendment thereto, and in relation to the nominal composition of their governing bodies, through a website, by creating a dedicated additional module in this regard.
At the same time, the NCFM will provide information on joint-stock companies, including permits for reorganization, additional issues, changes entered in the Register of Issuers of Securities, such as registration of cancellation of treasury shares, as well as the registration of changes in the classes, number and nominal value of placed shares.
During the meeting it was decided to create three interdepartmental working groups with the appointment of persons responsible for facilitating the entire data exchange process, taking into account the execution of functions in three segments: insurance, non-bank lending and the capital market, as well as the securities issuers.
