Regulatory Alerts2023-01-01
Law on Digital Operational Resilience for the Financial Sector
The Parliament of Montenegro adopted this law to establish requirements for digital operational resilience across the financial sector, applying to entities such as credit institutions, investment firms, and crypto-asset service providers. The legislation mandates that financial entities implement robust ICT risk management frameworks and governance structures to ensure the security and continuity of their network and information systems. Competent authorities, including the Central Bank and the Capital Market Authority, are designated to supervise compliance while applying proportionality principles based on entity size and risk profile.
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