The Montenegro Capital Market Authority has adopted four draft bylaws under the Law on Alternative Investment Funds, advancing the detailed regulatory framework for alternative investment fund managers and funds. The drafts cover 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 measures further regulate core operational areas for alternative investment fund management companies and the functioning of alternative investment funds. They set out the procedure for transferring fund management, requirements for establishing liquidity management systems and procedures, conditions for acquiring a qualifying holding in a management company, and the identification, management and prevention of conflicts of interest. The authority framed the package as part of its broader 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 for comments on the draft texts. After reviewing feedback received during the consultation, the authority will determine the final text of the rules.
Montenegro Capital Market Authority2026-06-05
Montenegro Capital Market Authority adopts four draft alternative investment fund rules for public consultation
The Montenegro Capital Market Authority has adopted four draft bylaws under the Law on Alternative Investment Funds and opened them for public consultation. The drafts address fund management transfers, liquidity management, qualifying holdings in fund management companies, and conflicts of interest. After a 14-day consultation, the authority will finalize the rules.