The Montenegro Capital Market Authority has published two draft by-laws for public consultation aimed at further developing Montenegro's regulatory framework for capital markets and investment funds. One draft would set detailed conditions and procedures for temporarily suspending the issuance and redemption of units in alternative investment funds. The other would establish the conditions, method and procedure for obtaining the professional titles of broker, investment adviser, investment fund investment manager and pension fund investment manager. The fund-related draft is framed under the Law on Alternative Investment Funds. The professional qualifications draft is intended to formalize entry standards for key market roles. The authority presented both measures as part of its broader work to align the domestic framework with contemporary European standards, improve market infrastructure and strengthen investor protection. The consultation will run for 14 days from publication. After reviewing comments received during the public consultation, the authority will determine the final text of the rules.

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