Decision on the Manner of Keeping the Registry of Payment Institutions and the Registry of Electronic Money Institutions

[unofficially consolidated translation]
DECISION
ON THE MANNER OF KEEPING THE REGISTRY OF PAYMENT INSTITUTIONS AND THE REGISTRY OF ELECTRONIC MONEY INSTITUTIONS (OGM 051/23 of 17 May 2023, 132/25 of 25 November 2025)
I. BASIC PROVISION
Article 1
This decision shall prescribe the manner of keeping the registry of payment institutions and the registry of electronic money institutions, including their branches and agents, maintained by the Central Bank of Montenegro (hereinafter: the Central Bank) and the publication of data from these registries.
II. REGISTRY OF PAYMENT INSTITUTIONS
Article 2
The following shall be entered into the registry of payment institutions:
1) payment institutions to which the Central Bank has granted the authorisation to provide payment services;
2) branches of payment institutions through which payment institutions provide payment services;
3) agents to which payment institutions entrust the provision of payment services;
4) registered account information service providers;
5) providers of activities not deemed to be payment services:
a) that have sent the notification referred to in Article 3a paragraph (1) and that meet the conditions referred to in Article 3 paragraph (1) item 11) sub-item a) and/or b) of the Payment System Law (hereinafter: the Law), b) that operate in accordance with the limitations referred to in Article 3 paragraph (1) item 12) of the Law. In the registry of payment institutions, registration entities referred to in paragraph (1) of this Article shall be maintained separately by the following groups:
1) payment institutions, their branches and agents;
2) registered account information service providers;
3) providers of activities not deemed to be payment services.
Article 3
The registry of payment institutions shall contain the following information about a payment institution:
1) registry entry number of a payment institution;
2) name, address of the head office (country, city, postcode, street), telephone number, e-mail address, and
internet address of a payment institution;
3) registration number of a payment institution;
4) date and number of the decision of the Central Bank by which a payment institution is granted an
authorisation to provide payment services;
5) status of authorisation;
6) a host Member State where the payment institution provides or intends to provide payment services
through the freedom to provide services and the list of respective payment services that were notified to the competent authority of the host Member State;
7) list of payment services, which a payment institution is authorised to provide in accordance with the
granted authorisation;
8) in reference to a hybrid payment institution, information on the activity other than the activity of providing
payment services, and/or information on the payment system it operates;
9) information on persons who are members of the bodies of the payment institution, or who are responsible
for managing the operations of the payment institution (name and surname, date and place of birth, address of permanent or temporary place of residence);

[unofficially consolidated translation]
_________________________________________________________________________________________ Decision on the Manner of Keeping the Registry of Payment Institutions and the Registry of Electronic Money Institutions (OGM 51/23, 132/25) 2
10) name and head office, or name and surname, address of permanent or temporary place of residence of
persons with qualifying holding in the payment institution and information on the size of that holding expressed as percentage;
11) name and address of the head office (country, city, postcode, street), or name, surname and address
(country, city, postcode, street) of the payment institution agent;
12) issuance and expiration date of any measure imposed by the Central Bank on the payment institution;
13) date and number of the administrative decision of the Central Bank on the withdrawal of the authorisation
to provide payment services from the payment institution;
14) number and date of the administrative decision on the opening of bankruptcy or liquidation proceedings
against the payment institution.
Article 4
The registry of payment institutions shall contain the following information on the branches of the payment institutions through which payment institutions provide payment services:
1) name, address of the head office (country, city, postcode, street), and e-mail address of the payment
institution branch;
2) registry entry number, name and address of the head office (country, city, postcode, street) of the payment
institution which founded the branch;
3) type of payment services that the payment institution provides through the branch;
4) information on persons responsible for managing manage the branch’s operations (name and surname, date
and place of birth, address of permanent or temporary place of residence);
5) date and number of the administrative decision of the Central Bank by which the payment institution was
granted the authorisation to establish a branch for the purpose of providing payment services in a third country;
6) date and number of the administrative decision of the Central Bank on the withdrawal of authorisation to
provide payment services through a branch in a third country;
7) the address of the principal branch of the payment institution in the host Member State (country, city,
postcode, street);
8) a host Member State and the list of respective payment services that were notified to the competent
authority of the host Member State.
Article 5
The registry of payment institutions shall contain the following information about agents to which payment institutions entrust the provision of payment services:
1) name, address of the head office (country, city, postcode, street) and e-mail address of the legal person -
agent, and/or name and surname, address and e-mail address of the entrepreneur - agent;
2) registry entry number, name and address of the head office (country, city, postcode, street) of the payment
institution that has entrusted the provision of payment services to an agent;
3) registration number of the legal person - agent and/or registration number and unique master number of the
entrepreneur - agent;
4) list of payment services that an agent performs for the payment institution;
5) date and number of the administrative decision of the Central Bank on entering the agent into the registry of
payment institutions;
6) date and number of the administrative decision of the Central Bank on the removal of the agent from the
registry of payment institutions.
Article 6
The registry of payment institutions shall contain the following information about a registered account information service provider:
1) registry entry number of the account information service provider;
2) name and address of the head office (country, city, postcode, street), or name and surname, address
(country, city, postcode, street), telephone number, e-mail address and internet address of a registered account information service provider;

[unofficially consolidated translation]
_________________________________________________________________________________________ Decision on the Manner of Keeping the Registry of Payment Institutions and the Registry of Electronic Money Institutions (OGM 51/23, 132/25) 3
3) registration number of the account information service provider;
4) status of registration;
5) a host Member State where the payment institution provides or intends to provide payment services through
the freedom to provide services and the list of respective payment services that were notified to the competent authority of the host Member State;
6) date and number of the administrative decision of the Central Bank on entering the account information
service provider into the registry of payment institutions;
7) type of a payment service, which, in accordance with the administrative decision on the entry into the
registry, the account information service provider is authorised to provide;
8) information on persons who are members of the bodies of the registered account information service
provider, or who are responsible for managing the operations of that person (name and surname, date and place of birth, address of permanent or temporary place of residence);
9) issuance and expiration date of any measure imposed by the Central Bank on the registered account
information service provider;
10) date and number of the administrative decision of the Central Bank on the removal of the registered
account information service provider from the registry;
11) date and number of the administrative decision on the opening of bankruptcy and/or liquidation
proceedings against the registered account information service provider.
Data on the branches that the registered account information service provider intends to establish in an EU Member State shall be entered into the registry referred to in paragraph (1) of this Article in accordance with
Article 4 of this Decision.
Data on agents shall also be entered into the registry referred to in paragraph (1) of this Article in accordance with Article 5 of this Decision.
Article 7
The registry of payment institutions shall contain the following information about the providers of activities not deemed to be payment services:
1) name, address of the head office (country, city, postcode, street), telephone number, e-mail address and
internet address;
2) registration number;
3) type of service;
4) description of the service;
5) status of registration;
6) date of entry into the registry of payment institutions.
III. REGISTRY OF ELECTRONIC MONEY INSTITUTIONS
Article 8
The registry of electronic money institutions shall contain the following:
1) electronic money institutions to which the Central Bank granted the authorisation to issue electronic
money;
2) branches through which electronic money institutions issue electronic money and/or provide payment
services;
3) agents to which electronic money institutions entrust the provision of payment services
Article 9
The registry of electronic money institutions shall contain the following information on an electronic money institution:
1) registry entry number of the electronic money institution;
2) name, address of the head office (country, city, postcode, street), telephone number, e-mail address and
internet address of the electronic money institution;
3) registration number of electronic money institution;

[unofficially consolidated translation]
_________________________________________________________________________________________ Decision on the Manner of Keeping the Registry of Payment Institutions and the Registry of Electronic Money Institutions (OGM 51/23, 132/25) 4
4) date and number of the decision of the Central Bank, by which the electronic money institution was granted
the authorisation to issue electronic money, and/or date and number of the administrative decision of the Central Bank, by which the electronic money institution was granted the authorisation to provide payment services;
5) type of payment services, which, in accordance with the granted authorisation, electronic money institution
is authorised to provide;
6) status of authorisation;
7) a host Member State where the electronic money institution intends to provide services through the
freedom to provide services and the list of respective services that were notified to the competent authority of the host Member State;
8) when applicable, information on the activities of electronic money institution, other than the issuance of
electronic money and/or information on the payment system it operates;
9) information on persons who are members of the bodies of the electronic money institution, or who are
responsible for managing the operations of the electronic money institution (name and surname, date and place of birth, address of permanent or temporary place of residence);
10) name and head office, or name and surname, and address of permanent or temporary place of residence of
persons with qualifying holding in the electronic money institution and information on the size of that holding given as percentage;
11) name and head office, and/or name, surname and address, and e-mail address of the electronic money
institution agent for the provision of payment services;
12) issuance and expiration date of any measure imposed by the Central Bank on the electronic money
institution;
13) date and number of the administrative decision of the Central Bank on the withdrawal of authorisation to
issue electronic money from the electronic money institution, and/or date and number of the administrative decision of the Central Bank on the withdrawal of authorisation to provide payment services from the electronic money institution;
14) number and date of the administrative decision to open bankruptcy and/or liquidation proceedings against
the electronic money institution.
Article 10
The registry of electronic money institutions shall contain the following information on the branches through which electronic money institutions issue electronic money and/or provide payment services:
1) name, address of the head office (country, city, postcode, street) and e-mail address of the electronic
money institution branch;
2) registry entry number, name and address of the head office (country, city, postcode, street) of the
electronic money institution which founded the branch;
3) where applicable, the type of payment services that the electronic money institution provides through a
branch;
4) information on persons who manage the branch’s operations (name and surname, date and place of birth,
address of permanent or temporary place of residence);
5) date and number of the administrative decision of the Central Bank by which the electronic money
institution was granted the authorisation to establish a branch for the purpose of issuing electronic money and/or providing payment services in a third country;
6) date and number of the administrative decision of the Central Bank on the withdrawal of authorisation to
issue electronic money and/or to provide payment services through a branch in a third country from the electronic money institution;
7) the address of the principal branch of the electronic money institution in the host Member State (country,
city, postcode, street);
8) a host Member State and the list of respective payment services that were notified to the competent
authority of the host Member State.
Article 11
The registry of electronic money institutions shall contain the following information on agents which the electronic money institutions have entrusted with the provision of payment services:

[unofficially consolidated translation]
_________________________________________________________________________________________ Decision on the Manner of Keeping the Registry of Payment Institutions and the Registry of Electronic Money Institutions (OGM 51/23, 132/25) 5
1) name, address of the head office (country, city, postcode, street) and e-mail address of the legal person -
agent, and/or name and surname, address and e-mail address of the entrepreneur - agent;
2) registry entry number, name and address of the head office (country, city, postcode, street) of the electronic
money institution that has entrusted the provision of payment services to an agent;
3) registration number of the legal person - agent and/or registration number and unique master number of
the entrepreneur - agent;
4) list of payment services that the agent performs for the electronic money institution;
5) date and number of the administrative decision of the Central Bank on entering the agent into the registry
of electronic money institutions;
6) date and number of the administrative decision of the Central Bank on the removal of the agent from the
registry of electronic money institutions.
IV. MAINTENANCE OF REGISTRIES
Article 12
Registries referred to in Article 1 of this Decision shall be maintained in electronic form, in a manner that provides permanent storage of all data and their uninterrupted use.
Article 13
Registry entry numbers of payment institutions, electronic money institutions, registered account information service providers, and providers of activities not deemed to be payment services which are entered in the registries prescribed by this decision are unique, unchangeable and unrepeatable. Registry entry numbers referred to in paragraph 1 of this Article shall be made by the Central Bank and shall be assigned upon entry into the registries.
Article 14
The Central Bank shall enter data into the registries referred to in Article 1 of this Decision, on the basis of documentation submitted by the payment institutions, electronic money institutions, registered account information service providers, and providers of activities not deemed to be payment services, and based on other available documentation. Payment institutions, electronic money institutions, registered account information service providers, and providers of activities not deemed to be payment services shall immediately notify the Central Bank on any changes of data to be entered into the registry. The Central Bank shall enter data changes into the registries no later than three days following that of the receipt of notification on the respective change.
Article 15
The Central Bank shall delete the following from the relevant registry:
1) a payment institution, and/or an electronic money institution in the case of withdrawal of the authorisation to
provide payment services and/or the authorisation to issue electronic money;
2) a branch of a payment institution, and/or electronic money institution upon receiving a notification and the
decision of the competent body of that institution on the termination of the branch;
3) a payment institution or electronic money institution agent, upon receiving a request from that institution or
upon determining other circumstances in accordance with the Central Bank regulation prescribing detailed conditions for providing activities of the payment service agent;
4) a registered account information service provider upon adopting an administrative decision on the removal
from the registry in the cases laid down by the Law;
5) a provider of activities not deemed to be payment services, upon adopting an administrative decision of the
Central Bank on granting the authorisation to provide payment services or upon receiving evidence on discontinuation of services referred to in Article 3 paragraph (1) item 11) sub-items a and/or b and item 12) of the Law.

[unofficially consolidated translation]
_________________________________________________________________________________________ Decision on the Manner of Keeping the Registry of Payment Institutions and the Registry of Electronic Money Institutions (OGM 51/23, 132/25) 6
V. PUBLICATION OF DATA
Article 16
The Central Bank shall publish on its website the following data from the registries referred to in Article 1 of this Decision:
1) registry entry number of the registration entity referred to in Articles 2 and 8 of this Decision;
2) name, head office, and/or name, surname and address, telephone number, e-mail address and internet
address of the registration entity referred to in Articles 2 and 8 of this Decision;
3) number and date of the administrative decision of the Central Bank, by which the authorisation to provide
payment services and/or authorisation to issue electronic money was granted;
4) date and number of the administrative decision of the Central Bank on the entry of the registered account
information service provider into the registry of account information service providers;
5) list of payment services, for which the authorisation was granted, and/or the administrative decision on the
entry into the registry was adopted;
6) date of entry into the registry of payment institutions of the provider of activities not deemed to be payment
services, type and description of activities;
7) names of the members of the bodies, or persons who are responsible for managing the operations of a
payment or electronic money institution;
8) names of persons who are members of the bodies of a registered account information service provider, or
persons who are responsible for managing the operations of a registered account information service provider;
9) number and date of the administrative decision of the Central Bank, by which the authorisation to provide
payment services or the authorisation to issue electronic money was withdrawn;
10) number and date of the administrative decision of the Central Bank on the removal of the registered
account information service provider from the registry of payment institutions;
11) number and date of the administrative decision to open bankruptcy or liquidation proceedings against a
payment institution or an electronic money institution.
In addition to the information referred to in paragraph 1 of this Article, the Central Bank shall publish on its website the information on the internet address of the administrative body responsible for tax affairs where, in accordance with the law, the financial reports of a payment institution or electronic money institution are published, together with an audit report.
Article 17
Upon the written request of a stakeholder for historical data from the registry referred to in Article 1 of this Decision, the Central Bank shall issue a written or electronic extract from the registry, within three days following that of the receipt of such request. The request referred to in paragraph 1 of this Article must contain the information about the applicant (name, surname, temporary or permanent place of residence of a natural person, and/or the name and head office of a legal person), or their agent, representative or proxy, and an indication of the requested information. Va PROVISION OF INFORMATION TO THE EUROPEAN BANKING AUTHORITY
Article 17a
The Central Bank shall provide information to the European Banking Authority in the manner, format and time limits prescribed in the Commission Delegated Regulation (EU) 2019/411.

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