Regulatory Alerts2020-01-01
Decision on Reporting on Major Incidents Related to the Provision of Payment Services
The Council of the Central Bank of Montenegro issued this Decision to establish criteria and procedures for payment service providers to classify and report major operational or security incidents. It mandates that providers assess incidents against specific impact thresholds and submit initial, intermediate, and final reports to the Central Bank within strict timeframes using a standardized electronic template. The regulation also governs delegated reporting to third parties and outlines the Central Bank's obligation to share incident details with other competent authorities when systemic or widespread impacts are identified.
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