Regulatory Alerts2021-01-01
Decision on Documentation Supporting Requests for Approvals under the Law Governing Financial Leasing, Factoring, Purchase of Receivables, Micro-Lending and Credit-Guarantee Operations
The Central Bank of Montenegro issued this Decision to prescribe the specific documentation required for granting approvals regarding financial services providers under the relevant Law. The regulation details submission requirements for six key scenarios, including acquiring qualifying participations, selecting board members or executive directors, establishing foreign units, merging entities, and transferring assets. It mandates the provision of personal, financial, and professional evidence for applicants and candidates, while also allowing for electronic submission and further information requests during the review process.
Share