The Montenegro Capital Market Authority announced that the Parliament of Montenegro adopted the Law on Open-ended Investment Funds with Public Offering on 28 February 2025, establishing a new regulatory framework for this segment and aligning domestic rules with the European Union acquis, particularly Directive 2009/65/EC. The law introduces updated standards for the operation and supervision of investment funds, including measures intended to increase transparency and investor protection through additional control mechanisms, support competition and the establishment of new funds, and strengthen supervisory effectiveness and risk management. The Authority noted that the law will have a direct impact on fund management companies, existing open-ended public investment funds, and European Union-established funds whose units are offered in Montenegro, and provides for improved regulation of UCITS funds.
Montenegro Capital Market Authority 2025-03-04
Montenegro Capital Market Authority reports Parliament’s adoption of a new law governing open-ended public investment funds
The Montenegro Capital Market Authority announced the adoption of the Law on Open-ended Investment Funds with Public Offering, aligning domestic rules with EU Directive 2009/65/EC. The law enhances transparency, investor protection, competition, and supervisory effectiveness, impacting fund management companies and UCITS funds. It aims to improve regulation for existing and EU-established funds in Montenegro.