The Montenegro Capital Market Authority has adopted draft secondary rules to flesh out the Capital Market Law in the areas of market abuse and issuer financial reporting. The package would establish more detailed requirements for tackling insider trading and market manipulation and for improving issuer transparency, in line with relevant European regulatory practices. The drafts span broker and investment adviser authorisation, issuer financial reporting, the format and updating of insider lists, market sounding, and the public disclosure of inside information. They also set technical standards on notification forms, information disclosure arrangements, buyback programmes and stabilisation measures, the objective presentation of investment recommendations, arrangements and reporting templates for suspicious orders or transactions, and indicators of market manipulation. Comments are invited within 14 days of publication. The authority will determine the final text of the rules after reviewing the feedback.
Montenegro Capital Market Authority 2026-05-14
Montenegro Capital Market Authority adopts draft market abuse and issuer reporting rules and opens 14 day consultation
The Montenegro Capital Market Authority has adopted draft secondary rules to implement the Capital Market Law on market abuse and issuer financial reporting, aligning with European regulatory practices. The package sets detailed requirements on broker and investment adviser authorisation, issuer reporting, insider lists, market sounding, public disclosure of inside information, notification forms, disclosure arrangements, buyback and stabilisation measures, investment recommendations, suspicious transaction reporting, and indicators of market manipulation.