The Montenegro Capital Market Authority has sent three draft implementing rules for alternative investment funds to public consultation, setting out proposed requirements for licensing, audit arrangements and asset valuation. Prepared under Montenegro’s Law on Alternative Investment Funds, the drafts cover authorisation to establish, organise and manage an alternative investment fund, criteria for selecting auditors and the scope and content of audits for alternative investment fund management companies and funds, and methodologies for determining asset values, net asset value and unit or share prices. The Authority frames the package as detailing key operational segments of the alternative investment fund regime, with the stated aims of improving transparency, strengthening investor protection and aligning with relevant international standards and European Union practice. Stakeholders can submit comments within 14 days of publication, after which the Authority will review feedback and finalise the rules.
Montenegro Capital Market Authority 2026-04-18
Montenegro Capital Market Authority consults on draft rules for alternative investment fund licensing, audits and valuation
The Montenegro Capital Market Authority has published for consultation three draft implementing rules for alternative investment funds, covering licensing, audit arrangements and asset valuation under the Law on Alternative Investment Funds. The proposals set out requirements for authorisation of funds and their managers, auditor selection and audit scope, and methodologies for determining asset values, net asset value and unit or share prices, aiming to enhance transparency, investor protection and alignment with EU practice.