Regulatory Alerts2024-01-01
Decision Repealing Interim Measures Mitigating COVID-19 and Ukraine Crisis Impacts on the Financial System
The Council of the Central Bank of Montenegro issued this decision to formally repeal the interim regulatory measures previously enacted to cushion the financial system against the COVID-19 pandemic and the Ukraine conflict. This action terminates the temporary safeguards and accommodations established under Official Gazette publications 135/22 and 69/23, returning financial institutions to standard operational requirements. The repeal becomes legally binding on the eighth day following its publication in the Official Gazette of Montenegro.
Pursuant to Article 44 paragraph 2 items 3 and 10 of the Central Bank of Montenegro Law (OGM 40/10, 6/13, 70/17, 125/23), the Council of the Central Bank of Montenegro, at its meeting held on 11 April 2024, passed the following DECISION Repealing the Decision on Interim Measures to Mitigate Negative Impact of the Communicable Disease COVID-19 Epidemic and the Situation in Ukraine on the Financial System
- The Decision on Interim Measures to Mitigate Negative Impact of the Communicable Disease COVID-19 Epidemic and the Situation in Ukraine on the Financial System (OGM 135/22, 69/23) shall be repealed.
- This Decision shall enter into force on the eighth day following that of its publication in the Official Gazette of Montenegro. COUNCIL OF THE CENTRAL BANK OF MONTENEGRO CHAIRPERSON G U V E R N O R, Decision number. 0101-2978-3/2024 Podgorica, 11 April 2024 Irena Radović m.p.