The new members of the National Securities Commission, approved by the Parliament in March, will begin their terms at the beginning of October, according to market sources, which also say that the CEO of the CNVM will be replaced on October 4th.

Thus, on October 2nd, Gheorghe Albu, questor of the Chamber of Deputies and executive secretary of the PDL will take over from Bogdan Chetreanu.

Two days later, the current vice-president of the CNVM, Carmen Negoiţă, is expected to take over from Gabriela Anghelache.

Thus, the position of vice-president would remain vacant until October 5th, when it will be held by Gheorghe Marcu, PSD senator for the county of Botoşani.

On October 4th, Claudia Sava will be replaced by Ştefania Ferencz, former chief of cabinet of Emil Boc.

Comissioner Dorina Mihăilescu was backed by the PSD for a new term at the CNVM.

The Commission also includes Lorand Kralik and Alexe Gavrilă, whose terms do not expire this autumn.

Even though there were rumors that the appointments for th CNVM were contested, in the Parliament, claiming that the new commissioners were insufficiently qualified in this field, it is hard to believe that there could be any changes happening in less than a week, especially since the politicians, the ones who make the nominations, are more concerned with the future electoral campaign.

Still surprises aren't out of the question, as some sources label the situation as "delicate".

Adina Ardeleanu (Translated by Cosmin Ghidoveanu)

* Who are the new commissioners

Eugenia Carmen Negoiţă, the new CEO, has been with the CNVM since June 2005, and starting with November 2007, she has worked as vice-president.

After graduating from college, she first worked as a prosecutor with the local prosecutor's office of the city of Alexandria (county of Teleorman) (1986-19