Regulatory Alerts2026-01-01
Decision on Documentation Supporting the Application for Granting the License to a Credit Institution
The Council of the Central Bank of Montenegro issued this Decision to strictly regulate the documentation founders must submit when applying for a credit institution license. It mandates the inclusion of specific materials such as a business plan, financial forecasts, draft internal acts, and detailed information on shareholders and capital. The regulation supersedes previous banking laws and requires applicants to ensure all submitted information remains accurate and complete throughout the licensing process.
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