Regulatory Alerts2020-01-01
Decision Supplementing the Decision on the Appearance and the Format of the Statement of Fees for Services Linked to a Consumer Payment Account
The Council of the Central Bank of Montenegro issued this decision to mandate that payment service providers submit annual fee statements to consumers no later than March 1 of the current year. The regulation establishes a specific deadline requiring the first such statement to be delivered by March 1, 2024, covering services provided during 2023. This measure supplements existing rules on the format of fee statements and entered into force in January 2023 to enhance transparency for consumers.
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