Regulatory Alerts2023-01-01
Law on Credit Institutions
The Montenegrin Parliament enacted this law to regulate the establishment, management, operation, and supervision of credit institutions within the country. It defines credit institutions based on asset thresholds and activities, while explicitly listing core and additional financial services such as lending, payment services, and crypto-asset operations. The legislation also establishes strict rules regarding the use of banking terminology, the identification of connected persons and acting in concert, and the supervisory powers of the Central Bank of Montenegro.
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