Regulatory Alerts2017-12-29
Added · Updated
Law on Capital Market of Montenegro
The Law on Capital Market of Montenegro regulates the establishment and operations of the capital market, including the issuance of securities, the organization of investment firms, and secondary trading. It defines regulated markets, multilateral trading facilities, and organized trading facilities, while specifying the types of financial instruments such as transferable securities, derivatives, and money-market instruments. The legislation mandates that securities be dematerialized and registered in the Securities Register of the Central Securities Clearing Company, detailing the essential elements and transfer of rights associated with these instruments. It further establishes definitions for control, related parties, and various market participants to govern capital market activities.
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