Decision Supplementing the Decision on Transaction Account Opening and Closing

Pursuant to Article 44 paragraph 2 point 3 of the Central Bank of Montenegro Law (OGM 40/10, 46/10, 06/13) and Article 64 paragraph 8 of the Payment System Law (OGM 62/13), the Central Bank of Montenegro Council, at its meeting held on 25 March 2016, passed the following DECISION supplementing the Decision on the structure, more detail conditions and manner of transaction account opening and closing
Article 1
In the Decision on the structure, more detail conditions and manner of transaction account opening and closing (OGM 48/14), in Article 17 after paragraph 3 a new paragraph shall be added, worded as follows:
“Payment service users shall notify payment service providers on the change of data and documents used for transaction account opening no later than three days following that of the occurrence of the change”.
Article 2
This decision shall enter into force on the eighth day following that of its publication in the Official Gazette of Montenegro.

THE COUNCIL OF THE CENTRAL BANK OF MONTENEGRO CHAIRMAN GOVERNOR, Decision number: 0101-4014/84-2 Podgorica, 25 March 2016 Milojica Dakić, m.p.