Regulatory Alerts2026-01-01
Decision on Documentation Attached to the Application for Granting Authorisations under the Law on Credit Institutions
The Council of the Central Bank of Montenegro issued this Decision to specify the mandatory documentation required for credit institutions seeking various authorisations under the Law on Credit Institutions. The regulation details specific submission requirements for applications involving the provision of new financial services, establishment of foreign subsidiaries, capital instrument distribution, internal risk calculation approaches, and external auditor selection. It mandates that applicants provide comprehensive evidence, business plans, and compliance assessments to ensure the accuracy and completeness of their requests for regulatory approval.
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