Regulatory Alerts2020-01-01
Decision on Criteria for Identifying Credit Institutions Required to Open Payment Accounts with Basic Features
The Council of the Central Bank of Montenegro issued this Decision to establish criteria for identifying credit institutions obligated to open and operate payment accounts with basic features. The regulation mandates that institutions with total assets exceeding 500 million euros must provide these accounts to consumers, with compliance assessed using quarterly financial statements until April 30, 2023. The Decision entered into force on the eighth day following its publication in the Official Gazette and applies from January 9, 2023.
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