Regulatory Alerts2026-01-01
Decision Supplementing the Calculation of Ex-Ante Contributions by Credit Institutions to the Resolution Fund
The Council of the Central Bank of Montenegro has issued a decision supplementing the regulatory framework for calculating ex-ante contributions to the Resolution Fund. The amendment introduces a new Article 14a that requires credit institutions to submit specific financial data to the Central Bank by 30 April 2022, based on figures as of 31 March 2022. This provision operates as a derogation from existing calculation rules and takes effect eight days after its publication in the Official Gazette of Montenegro.
Pursuant to Article 44 paragraph (2) item 3) of the Central Bank of Montenegro Law (OGM 40/10, 06/13, 70/17) and Article 149 paragraphs (3) and (8) of the Law on Resolution of Credit Institutions (OGM 72/19, 08/21), the Council of the Central Bank of Montenegro, at its meeting held on 28 April 2020, passed the following DECISION SUPPLEMENTING THE DECISION ON MORE DETAILED MANNER OF CALCULATION OF EX-ANTE CONTRIBUTIONS PAID BY CREDIT INSTITUTIONS TO THE RESOLUTION FUND Article 1 In the Decision on More Detailed Manner of Calculation of Ex-Ante Contributions Paid by Credit Institutions to the Resolution Fund (OGM 127/20) in Chapter: “IV. TRANSITIONAL AND FINAL PROVISIONS”, after the title of the Chapter, a new Article shall be added, worded as follows: “Calculation of contributions for 2022 Article 14a By way of derogation from Article 10 paragraph (1) of this Decision, a credit institution shall provide the Central Bank with the information referred to in Annex 2 to this Decision, as at 31 March 2022, by 30 April 2022.” Article 2 This Decision shall enter into force on the eighth day following that of its publication in the Official Gazette of Montenegro, and it shall apply from the date of application of the Law on Resolution of Credit Institutions (OGM 72/19, 08/21). THE COUNCIL OF THE CENTRAL BANK OF MONTENEGRO CHAIRMAN Decision number: 0101-2837-2/2021 G O V E R N O R, Podgorica, 28 April 2021 Radoje Žugić, m.p.