The Montenegro Capital Market Authority has adopted four draft implementing rules under the Law on Alternative Investment Funds, covering the 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 package sets more detailed requirements for the operation of alternative investment fund management companies and the functioning of alternative investment funds. The drafts regulate the procedure for transferring fund management, the establishment of liquidity management systems and procedures, the conditions for acquiring a qualifying holding in an alternative investment fund management company, and the identification, management and prevention of conflicts of interest. The authority presented the measures as part of its ongoing work to build a comprehensive regulatory framework for alternative investment funds in line with the law and relevant European standards and practice. A 14-day public consultation has been opened on the draft texts. After reviewing comments, the authority will determine the final version of the rules.
Montenegro Capital Market Authority2026-06-05
Montenegro Capital Market Authority adopts draft alternative investment fund rules on management transfers liquidity qualifying holdings and conflicts
The Montenegro Capital Market Authority has adopted four draft implementing rules under the Law on Alternative Investment Funds, setting detailed requirements for fund management transfers, liquidity management systems, qualifying holdings in management companies, and conflicts of interest. The measures aim to complete the regulatory framework for alternative investment funds in line with the law and European standards and practice, with final rules to be determined after public consultation.