Regulatory Alerts2020-01-01
Decision on Detailed Content and Manner of Submitting Information for Payment Services Authorisation
The Council of the Central Bank of Montenegro issued this Decision to prescribe the specific content and submission procedures for applications seeking authorisation to provide payment services or acquire qualifying holdings. The regulation mandates detailed documentation including business programmes, financial forecasts, governance frameworks, security policies, and anti-money laundering controls. It further specifies requirements for safeguarding user funds, business continuity arrangements, and data on qualifying shareholders to ensure regulatory compliance.
Share