The Montenegro Capital Market Authority has adopted four draft implementing rules under the Law on Alternative Investment Funds, advancing the operating framework for alternative investment fund managers and alternative investment funds. The drafts cover transfer of management of an alternative investment fund, liquidity management systems and procedures, conditions for acquiring a qualifying holding in an alternative investment fund management company, and types of conflicts of interest. The measures set more detailed requirements for key aspects of the sector’s operation, including how fund management may be transferred, how liquidity management arrangements must be established, what conditions apply to qualifying shareholdings in managers, and how conflicts of interest must be identified, managed and prevented. The authority presented the package as part of its broader effort to build a comprehensive regulatory framework for alternative investment funds aligned with the law and relevant European standards and practice. Interested parties have 14 days from publication to submit comments on the draft texts. After reviewing the feedback, the authority will determine the final text of the rules.
Montenegro Capital Market Authority2026-06-05
Montenegro Capital Market Authority adopts draft alternative investment fund rules and opens 14 day public consultation
The Montenegro Capital Market Authority has adopted four draft rules under the Law on Alternative Investment Funds and opened a 14-day public consultation. The package covers transfer of fund management, liquidity management systems, qualifying holdings in fund management companies, and conflicts of interest. After reviewing comments, the authority will finalize the rules.