The Montenegro Capital Market Authority has opened a 14-day consultation on three draft rules under the Law on Alternative Investment Funds, covering the registers for alternative investment fund management companies and funds, reports published for investors, and reporting by management companies to the Authority. Together, the drafts set out core implementing requirements for record-keeping, investor disclosure, and supervisory reporting in Montenegro's alternative investment fund framework. One draft regulates the content and maintenance of the register of alternative investment fund management companies that have been licensed by the Authority, as well as the register of alternative investment funds. A second draft defines standards for the content and frequency of reports intended for investors in alternative investment funds. The third draft sets the content and reporting schedule for alternative investment fund management companies when reporting to the Authority, with the stated aim of supporting supervision and regulatory compliance. Interested parties may submit comments within 14 days from publication. After reviewing the comments received, the Authority will determine the final text of the rules.