Individuals will be able to purchase government securities (GS) through an electronic platform, directly, without intermediaries.
The Government at its meeting on Wednesday approved a resolution approving the Concept of the Program for the direct sale of government securities. The information system will be connected to the State Register of Population, the Single Central Depository and the Register of Bank Accounts. At the same time, it will be integrated with other state electronic platforms: MConnect, MPass, MLog, Mpay and MNotify. Individuals will be able to purchase government securities through an electronic platform, on which government securities issues will be carried out by direct placement only for individuals, without auctions and without using the subscription procedure. Retail investors will have the opportunity to sell government securities before maturity to the issuer or primary dealer. According to the project, any adult citizen of Moldova can become a retail investor. To establish access to the platform, it will be necessary to have a payment account opened with local payment service providers and an enhanced qualified electronic signature. As Minister of Finance Dumitru Budianschi noted, the electronic platform will be introduced in stages, until the end of this year, but some of its functions will be available in the spring. The GS direct sale program is aimed at expanding the circle of investors and creating favorable conditions for direct participation of investors in the domestic GS market; diversification of GS sales channels; development of the secondary government securities market; increasing the transparency of transactions with government securities and the level of financial education of individuals in financial instruments provided by the state. The electronic platform will be managed by the Center for Information Technologies in Finance jointly with the Ministry of Finance. // 09.02.2022 — InfoMarket
