Regulatory Alerts2020-01-01
Decision on Own Funds of Electronic Money Institutions
The Council of the Central Bank of Montenegro issued this Decision to prescribe detailed conditions and methods for calculating the own funds required for the safe operation of electronic money institutions. The regulation defines own funds as the sum of Tier 1 and Tier 2 capital, specifying eligible components, deductions, and minimum capital requirements based on electronic money in circulation. It further mandates quarterly reporting to the Central Bank using specific templates and repeals the previous 2014 decision on this matter.
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