scmn.me - Regulation

Regulation

Law On The Prevention Of Money Laundering And Terrorist Financing (OGM 110/23 of 12 December 2023, 065/24 of 5 July 2024, 024/25 of 12 March 2025, 041/26 of 24 March 2026, 059/26 of 4 May 2026)

Law on Capital Market

Rulebook on keeping a register of crypto-asset service providers and reputation assessment for directors, members of the company, members of the governance and management bodies and beneficial owner of a legal entity or company, or entrepreneur or natural person engaged in the activity of providing services related to crypto-assets (Official Gazette of Montenegro 110/23 of 12 December 2023, 065/24 of 5 July 2024, 024/25 of 12 March 2025)

Rules on regulatory framework for financial innovation (SANDBOX)

Application for access to Regulatory Sandbox

Rules on fees charged for the activities performed by the capital market authority – price list ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on detailed content and a manner of financial reporting ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on the content, deadlines and the manner of compiling and submitting reports on transactions in financial instruments executed on the regulated market managed by a market operator ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on the content of annual financial report with auditor's report concerning market operator's operations ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on the content of the application and documents for issuing an authorization to a market operator for managing a regulated market and for issuing an authorization to a market operator and/or investment firm for managing MTFs and OTFs ("Official Gazette of Montenegro ", No. 083/18 of 25.12.2018)

Rules on personnel and technical capacity of a market operator and an investment firm that manage MTF and OTF ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on establishing detailed requirements for acquiring titles of broker, investment adviser, investment fund investment manager and pension fund investment manager ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules for registration of tied agents ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on register of companies authorized to provide investment services and perform investment activities ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on organizational requirements and rules of conduct for performing investment services and activities ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on detailed content and a manner of submission of central clearing and depositary company’s financial reports ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on detailed contents of the application for authorization and contents of documents to be submitted in addition to the application for authorization of a joint stock company to perform activities of the central depository and clearing company ("Official Gazette", No. 083/18 of 25.12.2018)

Rules on detailed manner, reporting deadlines and submission of the list of the central depository and clearing company's members ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on detailed content of disclosure of public data by the central clearing and depositary company ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on the prospectus to be published when securities are offered to the public and/or admitted to trading on a regulated market ("Official Gazette of Montenegro", No. 083/18 of 25.12.2018)

Rules on detailed content, terms and manner of compiling and submisssion of investment firms and their branches’ reports

Rules on granting approval for the appointment of the Board of Directors’ member, the executive director of the market maker, investment firm and the Central Clearing and Depositary Company

Rules on the manner of registration of securities’ issues to acquirers identified in advance when securities are not issued through an initial public offering and/or are not admitted to trading

Rules on the manner of registration of private placement of securities in cases when securities are not issued through an initial public offering and/or are not admitted to trading

Rules on the manner of registration and keeping the registry of securities' issuers

Rules on broker and investment advisor license requirements

Rules on detailed criteria and a manner of accepting market practices

Rules on detailed content of the application for license to provide investment services to the investment firm and documents to be submitted with the application

Rules on the content of the application for a qualified holding and detailed criteria for the assessment of a qualified holding in market maker, investment firm and central clearing and depositary company

Decision on establishing leverage ratio for trading in financial instruments

↓ Regulation of the capital market that will be applied from the day of Montenegro's accession to the European Union ↓

Law on the Capital Market

Prospectus rules

Rules on the Prevention and Sanctioning of Market Abuse – Insider Dealing and Market Manipulation

Rules for establishing the general framework for securitization and setting up a specific framework for simple, transparent, and standardized securitization

Rules on improving the settlement of securities in the European Union and on central securities depositories

Rules on supervisory reports and disclosures of investment firms

Rules on risk management and capital adequacy of investment firms

Rules on Credit Rating Agencies

Investment Funds

Law on Investment Funds

Rules on the method of determining specialized investment funds' net asset value

Rules on the content, detailed requirements and a manner of publication of key information for specialied investment funds’ investors

Rules on the content, detailed requirements and a manner of publication of specialized investment fund’s prospectus

Rules on the conditions for setting up, organization and operation of specialized investment funds

Takeover of JSC

Law on Takeover of Joint Stock Companies

Voluntary Pension Funds

Law on Private Pension Funds

Rules on contents and publication of reports on business of pension fund management companies and voluntary pension funds

Rules on determining detailed requirements for acquiring title of pension fund investment manager

Rules on the reporting on holding of monetary assets of the voluntary pension funds

Rules on calculation methodology of net asset value of voluntary pension funds assets, liabilities and accounting units

Rules on the manner of calculating the return of a voluntary pension fund

Rules on contents of the document on the share based on the contributions paid by a voluntary pension fund member

Rules on accounting units of the voluntary pension fund and conversion of the contributions to accounting units

Rules on detailed contents of a membership contract in the voluntary pension fund

Rules оn content, detailed requirements, manner and dates of publication of informative prospetus of a voluntary pension fund

Rules on granting a license for voluntary pension fund management company and license for organizing voluntary pension fund

Rules on detailed requirements, manner and procedure of supervision over functioning of pension fund management companies and voluntary pension funds

Regulation

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