Regulatory Alerts2026-01-01
Decision on Criteria and Documentation for Assessing Suitability and Financial Soundness of Acquirers of Qualifying Holdings in Credit Institutions
The Council of the Central Bank of Montenegro issued this Decision to establish detailed criteria and documentation requirements for assessing the suitability and financial soundness of proposed acquirers of qualifying holdings in credit institutions. The regulation mandates rigorous evaluations of the acquirer's personal repute, professional competence, financial stability, and compliance with prudential standards to ensure the integrity of the banking sector. It further requires strict adherence to anti-money laundering and counter-terrorist financing protocols, including verification of funding sources and assessment of associated risks.
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