The Montenegro Capital Market Authority has adopted a package of draft secondary rules to support implementation of the Law on open-end investment funds with a public offering, and has opened them for public consultation. The drafts cover outsourcing or transfer of tasks by a fund management company and the required content of transfer agreements, additional prospectus content and the process for publishing and amending a prospectus, permitted investments and investment limits, fees and expenses charged by the management company, the content and publication of key investor information, and the fees, charges and methodology for calculating ongoing charges for UCITS funds. A further draft addresses units or shares in open-end investment funds with a public offering. The consultation will run for 14 days from publication, with input invited from management companies, investment-sector participants, the professional and academic community and other stakeholders.
Montenegro Capital Market Authority 2026-02-13
Montenegro Capital Market Authority adopts draft rulebooks for publicly offered open-end investment funds and opens 14-day public consultation
The Montenegro Capital Market Authority has adopted draft secondary rules to implement the Law on open-end investment funds with a public offering and opened them for a 14-day public consultation. The drafts address outsourcing, prospectus content, investment limits, fees, and key investor information for UCITS funds.