The Montenegro Capital Market Authority has published draft rules on approvals for the election or appointment of board members and executive directors of market operators, investment firms and the Central Clearing Depository Company. The draft sets out the required content of approval applications and the documentation that must be submitted with them. For investment firms, the same framework will apply as appropriate to managers of authorized credit institutions in relation to appointment approval procedures and supporting documents. Comments are invited within 14 days of publication, after which the authority will review the feedback and determine the final text of the rules.
Montenegro Capital Market Authority 2026-04-29
Montenegro Capital Market Authority opens 14 day consultation on draft approval rules for board and executive director appointments at market operators investment firms and the Central Clearing Depository Company
The Montenegro Capital Market Authority has published draft rules on approvals for the election or appointment of board members and executive directors of market operators, investment firms and the Central Clearing Depository Company, specifying required application content and supporting documentation. For investment firms, the same framework will apply as appropriate to managers of authorized credit institutions in relation to appointment approval procedures and supporting documents.