Regulatory Alerts2026-01-01
Decision on More Detailed Requirements for Selection and Appointment of Members of the Management Bodies and Holders of Key Functions in a Credit Institution
The Council of the Central Bank of Montenegro issued this Decision to establish detailed suitability criteria for selecting and appointing members of management bodies and holders of key functions in credit institutions. The regulation defines specific standards for good repute, professional knowledge, appropriate experience, and independence of mind, while outlining the assessment procedures and documentation required for authorization. It further clarifies definitions for significant business relationships and conflicts of interest to ensure rigorous oversight of credit institution governance.
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