Regulatory Alerts2020-01-01
Decision on the Appearance and 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 prescribe the mandatory appearance, format, and content of the statement of fees for consumer payment accounts. It requires payment service providers to produce a standardized document using specific typographic rules, layout structures, and detailed tables covering fees, interest paid, and interest earned. The regulation also defines how to handle electronic delivery modifications and establishes submission deadlines, requiring the first statement to be provided by March 1, 2024.
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