Regulatory Alerts2021-01-01
Decision Amending the Decision on Performing Custody Operations
The Council of the Central Bank of Montenegro amended its regulations on custody operations to enhance procedural clarity and liability definitions. The changes introduce authorized personnel checks on safe deposit box weights, mandate specific templates for deposit requests, and explicitly exclude the Bank's liability for damage caused by force majeure or unforeseeable circumstances. These amendments also update the classification of eligible entities and require depositors to certify that boxes do not contain prohibited items.
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