The Montenegro Capital Market Authority has published two draft secondary rules under the Law on Alternative Investment Funds. One draft sets out the conditions and procedures for the liquidation and termination of alternative investment funds, including funds without legal personality, and for extending the duration of fixed term funds. The other covers the conditions for status changes involving alternative investment funds without legal personality. The drafts are intended to make the law operational and further align Montenegro’s framework for alternative investment funds with current European Union practice and standards. They focus on the procedural rules for winding up funds and carrying out status changes for non-legal-person fund structures. Interested parties have 14 days from publication to submit comments. After reviewing the feedback, the authority will determine the final text of the rules.
Montenegro Capital Market Authority 2026-05-14
Montenegro Capital Market Authority launches consultation on alternative investment fund liquidation termination and status change rules
The Montenegro Capital Market Authority has published two draft secondary rules under the Law on Alternative Investment Funds, covering procedures for liquidation and termination of alternative investment funds, including funds without legal personality, extensions of fixed-term funds, and status changes for funds without legal personality. The drafts aim to operationalise the law and align Montenegro’s alternative investment fund framework with current European Union practice and standards, with final rules to be set after review of stakeholder feedback.