Regulatory Alerts2025-01-01
Decision on Detailed Content of Requirements Regarding Commissions of Creditors’ and Credit Intermediaries’ Staff
The Council of the Central Bank of Montenegro issued this Decision to establish detailed requirements for the commission policies of creditors and credit intermediaries. The regulation mandates that remuneration structures must prioritize consumer interests by balancing fixed and variable pay and prohibiting incentives that encourage detrimental sales practices. It further requires rigorous performance evaluation criteria, annual compliance reviews, and strict documentation to prevent conflicts of interest and ensure effective risk management.
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