Regulatory Alerts2020-01-01
Decision on Own Funds of Payment Institutions
The Council of the Central Bank of Montenegro issued this Decision to prescribe the calculation methods for own funds and minimum capital requirements for payment institutions. The regulation defines own funds as the sum of Tier 1 and Tier 2 capital, detailing specific components, deductions, and amortization rules for each tier. It mandates that institutions maintain minimum own funds based on either statutory initial capital or a transaction volume method, with quarterly reporting obligations to the Central Bank.
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