Regulatory Alerts2023-01-01
Corrigendum to the Decision on Minimum Monetary Amount of the Professional Indemnity Insurance or Other Comparable Guarantee Covering the Liability for Providing Specific Payment Services
The Central Bank of Montenegro issued a corrigendum to correct an error in the Decision on Minimum Monetary Amount of the Professional Indemnity Insurance published in the Official Gazette. The amendment specifically modifies Article 9 paragraph 1 item c) to replace the incorrect figure with the correct minimum amount. This change establishes the required coverage as including EUR 5,000,000 for liability arising from specific payment services.
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