Regulatory Alerts2026-01-01
Decision on Notifications about Resolution of a Credit Institution
The Council of the Central Bank of Montenegro issued this decision to standardize the contents, submission protocols, and publication mandates for notifications regarding the resolution of credit institutions and affiliated legal entities. The regulation requires management bodies to submit comprehensive operational assessments and identifying data, dictates the internal transfer of supervisory records to resolution units, and specifies exact disclosure elements for authorities and the public, including impacts on deposits, client assets, and creditor enforcement rights. All notifications must be delivered through secure written or electronic channels, with the Central Bank obligated to publish opening notices on its website immediately upon resolution, and the decision becomes operative eight days after its official gazette publication.