Regulatory Alerts2020-01-01
Decision on Protection of Payment Service Users’ Funds and Funds Received in Exchange for Issued Electronic Money
The Council of the Central Bank of Montenegro issued this decision to regulate the investment of payment service users' funds and electronic money into liquid, low-risk assets. It restricts eligible investments to debt financial instruments issued or secured by specific entities, including EU governments, the European Central Bank, international organizations, and highly rated non-EU institutions. The regulation entered into force on the eighth day following its publication in the Official Gazette of Montenegro and applies from 9 January 2015.
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