The National Commission for Financial Market (NCFM) is receiving support through the TAIEX technical assistance instrument to align its national legislation on optional pension funds with EU legislation
According to the National Commission for Financial Market (NCFM), expert support in this area is provided by Andreea Roxana Gheorghiță and Mădălina Emilia Mușetescu, experts from the Romanian Financial Supervision Authority (ASF), who conducted a working visit to Chisinau from November 10 to 12. The purpose of the mission was to support the Moldovan authorities in aligning the Law on Optional Pension Funds with Directive (EU) 2016/2341 (IORP II), which establishes requirements for the organization, management, and supervision of occupational pension schemes in EU countries. Over the course of three working days, experts discussed the following topics: Romania's experience in developing private pension systems (pillars II and III); challenges and practical solutions in transposing Directive (EU) 2016/2341; specific recommendations for strengthening Moldova's regulatory framework; and requirements for the governance, supervision, and protection of private pension system participants. According to the NCFM, the TAIEX mission contributes to strengthening the institutional capacity of national authorities, increasing the transparency and sustainability of the voluntary pension system, and gradually aligning national legislation with European standards in financial markets and consumer protection.// 12.11.2025 — InfoMarket
