Regulatory Alerts2026-01-01
Corrigendum to the Decision on the Methodology for Valuation of Assets of the Credit Institution under Resolution Proceedings
The Central Bank of Montenegro issued a corrigendum to correct an error in the Decision on the methodology for valuation of assets of credit institutions under resolution proceedings. The amendment specifically replaces the reference to the "Law on Credit Institutions" with the "Law on Resolution of Credit Institutions" in Article 8 of the original decision. This change ensures the legal citation accurately reflects the applicable statutory framework for resolution mechanisms.
Upon a comparison with the original text, it was established that an error found its way into the text of the Decision on the methodology for valuation of assets of the credit institution under resolution after carrying out the transfer of a part of the rights, assets and liabilities or after applying the bail-in tool (Official Gazette of Montenegro, 122/2020 as of 17 December 2020), resulting in the following CORRIGENDUM to the Decision on the methodology for valuation of assets of the credit institution under resolution proceedings after carrying out the transfer of a part of the rights, assets and liabilities or after applying the bail-in tool In Article 8 of the Decision on the methodology for valuation of assets of the credit institution under resolution after carrying out the transfer of a part of the rights, assets and liabilities or after applying the bail-in tool, the wording: "Law on Credit Institutions", should be replaced by the wording “Law on Resolution of Credit Institutions”. Central Bank of Montenegro