Regulations

• Laws
  
  
• Enabling regulations for

• Monetary instruments
• International reserves management
• Bank supervision
• Payment operations and payment systems
• Enforced collection
• Balance of payments
• Security and protection of banknotes and coins
• Issuance of commemorative coins
• Other

Laws - Central Bank of Montenegro Law (˝Official Gazette of MNE“, nos. 40/10, 46/10, 6/13) - The Banking Law (˝Official Gazette of MNE“, nos. 17/08, 44/10) - Law on National Payment Operations (˝Official Gazette of MNE“, no. 61/08, 40/11, 31/12) - Financial Stability Council Law (˝Official Gazette of MNE“, no. 44/10) - Deposit Protection Law (˝Official Gazette of MNE“, no. 44/10) - Law on Bank Bankruptcy and Liquidation (“Official Gazette of RoM” no. 47/01, ˝Official Gazette of MNE“ nos. 62/08, 44/10) - Law on Settlement of Obligations and Claims in Respect of Foreign Debt and Foreign Currency Savings of Citizens (“Official Gazette of RoM” nos. 55/03, 11/04)

Monetary instruments - Decision on Open Market Operations (˝Official Gazette of MNE“, no. 15/11) - Decision on Detailed Conditions for Granting Liquidity Loans to Banks (˝Official Gazette of MNE“, no. 15/11) - Decision On Granting Last-Resort Financial Assistance (˝Official Gazette of MNE“, no. 15/11) - Decision on Bank Reserve Requirement to be Held With the Central Bank of Montenegro (˝Official Gazette of MNE“, nos. 35/11, 22/12, 61/12) - Unofficially consolidated translation Decision Amending the Decision on Bank Reserve Requirement to be Held with the Central Bank of Montenegro (˝Official Gazette of MNE“, no. 61/12) Decision Amending the Decision on Bank Reserve Requirement to be Held with the Central Bank of Montenegro (˝Official Gazette of MNE“, no. 22/12) Decision on Bank Reserve Requirement to be Held with the Central Bank of Montenegro (˝Official Gazette of MNE“, no. 35/11)

Bank supervision   - Decision on documents supporting the request for granting approvals under the Banking Law (˝Official Gazette of MNE“, no.57/08, 80/10) - Unofficially consolidated translation - Annex Decision amending the Decision on documents supporting the request for granting approvals under the Banking Law (˝Official Gazette of MNE“, no. 80/10) Decision on documents supporting the request for granting approvals under the Banking Law (˝Official Gazette of MNE“, no. 57/08) - Decision on more detail requirements to be met by the member of the bank’s board of directors (˝Official Gazette of MNE“, no. 80/10) - Decision on capital adequacy of banks (˝Official Gazette of MNE“, no. 38/11, 55/12) - Unofficially consolidated translation Decision amending the Decision on Capital Adequacy of Banks (˝Official Gazette of MNE“, no. 55/12) Capital adequacy decision (˝Official Gazette of MNE“, no. 38/11) - Decision on Minimum Standards for Operations with Bank Related Parties (˝Official Gazette of MNE“, no. 60/08) - Decision on minimum standards for liquidity risk management in banks (˝Official Gazette of MNE“, no.60/08) - Decision on Minimum Standards for Credit Risk Management in Banks (˝Official Gazette of MNE“, no. 22/12, 55/12) - Unofficially consolidated translation Decision Amending the Decision on Minimum Standards for Credit Risk Management in Banks (˝Official Gazette of MNE“, no. 55/12) Decision on Minimum Standards for Credit Risk Management in Banks (˝Official Gazette of MNE“, no. 22/12) - Decision on the Manner of Calculating Bank Exposuress (˝Official Gazette of MNE“, no. 15/12) - Decision on Minimum Standards for Market Risks Management in Banks (˝Official Gazette of MNE“, no. 60/08) - Decision on methods for preparation of the consolidated financial reports of the banking group (˝Official Gazette of MNE“, no. 24/09) - Decision on Minimum Standards for Operational Risk Management in Banks (˝Official Gazette of MNE“, no. 24/09) - Decision on the Uniform Manner of Calculation and Reporting of Effective Interest Rate on Loans and Deposits (“Official Gazette of RoM”, nos. 48/03, 55/03) - Decision on minimum standards for interest rate risk management not originating from bank's trading activities (˝Official Gazette of MNE“, no. 60/08) - Decision on Minimum Standards for Country Risk Management (˝Official Gazette of MNE“, no. 60/08) - Decision on minimum standards for bank investment in immovable property and fixed assets (˝Official Gazette of MNE“, no. 24/09, 66/10, 58/11, 61/12, 13/13) - Unofficially consolidated translation Decision amending the Decision on minimum standards for bank investment in immovable properties and fixed assets (˝Official Gazette of MNE“, no. 13/13) Decision amending the Decision on minimum standards for bank investment in immovable properties and fixed assets (˝Official Gazette of MNE“, no. 61/12) Decision amending the Decision on minimum standards for bank investment in immovable properties and fixed assets (˝Official Gazette of MNE“, no. 58/11) Decision amending the Decision on minimum standards for bank investment in immovable properties and fixed assets (˝Official Gazette of MNE“, no. 66/10) Decision on minimum standards for bank investment in immovable property and fixed assets (˝Official Gazette of MNE“, no. 24/09) - Decision on Reports to be Submitted to the Central Bank of Montenegro (˝Official Gazette of MNE“, no. 64/12) - Decision on Public Disclosure of Data and Information by Banks (˝Official Gazette of MNE“, no. 02/12) - Decision on the content, deadlines and manner of compiling and submitting bank’s financial statements (˝Official Gazette of MNE“, no. 15/12) - Decision on Chart of Accounts for Banks (˝Official Gazette of MNE“, no. 55/12) - ANNEX - Guidance on the Manner of Recording Loan Loss Provisions, Value Adjustments and Written off Items of the on-Balance Sheet Assets When Determining Opening Balance in Banks’ Business Books for 2013 (˝Official Gazette of MNE“, no. 61/12) - Decision on the Basics of Internal Control System in Banks (˝Official Gazette of MNE“, no. 60/08) - Decision on Internal Audit in Banks (˝Official Gazette of MNE“, no. 60/08) - Decision on the Banking Ombudsman (˝Official Gazette of MNE“, no. 15/09, 02/12) - Unofficially consolidated translation Decision amending the Decision on Banking Ombudsman (˝Official Gazette of MNE“, no. 02/12) Decision on the Banking Ombudsman (˝Official Gazette of MNE“, no. 15/09) - Decision on Minimum Standards for Risks Management in Micro-Credit Financial Institutions (˝Official Gazette of MNE“, no. 24/09, 41/09, 61/12) - Unofficially consolidated translation Decision Amending the Decision on Minimum Standards for Risks Management in Micro-Credit Financial Institutions (˝Official Gazette of MNE“, no. 61/12) Decision on Amendments to the Decision on Minimum Standards for Risk Management in Micro-Credit Financial Institutions (˝Official Gazette of MNE“, no. 41/09) Decision on Minimum Standards for Risks Management in Micro-Credit Financial Institutions (˝Official Gazette of MNE“, no. 24/09) - Decision on Conditions for Performing Credit Guarantee Operations (˝Official Gazette of MNE“, no. 42/08) - Decision on the content and manner of keeping registers of banks, MFIs, credit unions, branches of foreign banks, representative offices of foreign legal entities and legal persons engaged in credit guarantee operations (˝Official Gazette of MNE“, no. 60/08) - Decision on Credit registry (˝Official Gazette of MNE“, no.  27/11, 64/12) - Unofficially consolidated translation - Annex - Decision Amending the Decision on Credit Registry (˝Official Gazette of MNE“, no.  64/12) - Decision on Credit registry (˝Official Gazette of MNE“, no.  27/11)

Payment operations and payment systems