Regulatory Alerts2023-01-01
Deposit Insurance Law of Montenegro
The Parliament of Montenegro adopted this law to establish a deposit insurance scheme administered by the Deposit Protection Fund, aiming to protect depositors and maintain banking system stability. The legislation mandates that all licensed credit institutions participate in the scheme and guarantees payouts up to EUR 100,000 per depositor, with an additional EUR 30,000 for temporary high balances under specific conditions. It defines eligible deposits, outlines the procedures for triggering payouts upon a protected event, and regulates the participation of branches from EU Member States and third countries.
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