The Montenegro Capital Market Authority has adopted a draft rule on the detailed content, deadlines and method for preparing and submitting reports by investment firms and their branches, and has opened it for comment. The draft would create a single standardized reporting framework for investment firms and authorized credit institutions reporting to the authority, with mandatory use of the authority’s reporting system as the filing channel. The proposal is based on Capital Market Law provisions covering reporting obligations and the authority’s power to prescribe reporting content, timing and format. It is intended to standardize reporting forms, support supervisory oversight, digitalize submissions, reduce administrative burden, provide legal certainty over the moment a report is filed, and align reporting for investment firms with European Union MiFID II standards. Comments are due within 14 days of publication, after which the authority will determine the final text.