The Montenegro Capital Market Authority has published draft rules that would set the approval process for the election or appointment of members of the board of directors and the executive director of market operators, investment firms and the central clearing depository company. The draft sets out the required content of approval applications and the supporting documents that must accompany them. The provisions relating to investment firms would also apply, as appropriate, to managers of authorized credit institutions for the appointment approval process and the related documentation requirements. Interested parties have 14 days from publication to submit comments, 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 consults on approval rules for board and executive appointments at market operators investment firms and the central clearing depository company
The Montenegro Capital Market Authority has published draft rules setting out the approval process for the election or appointment of board members and executive directors of market operators, investment firms and the central clearing depository company. The draft specifies the required content of approval applications and supporting documentation, and extends the investment firm provisions, as appropriate, to managers of authorized credit institutions.