The Montenegro Capital Market Authority has opened a public consultation on draft amendments to the rulebook governing applications to acquire or increase a qualifying holding, and the criteria used to assess such holdings, in management companies of open-ended investment funds with a public offering. The draft updates the required content of the approval request for obtaining or increasing a qualifying holding and refines the detailed assessment criteria applied by the Authority when reviewing qualifying holdings. The consultation is issued under Articles 27(7) and 36(2) of the Law on Open-Ended Investment Funds with Public Offering (Official Gazette of Montenegro No. 023/25), with interested parties invited to submit comments, proposals and suggestions as part of the public debate.
Montenegro Capital Market Authority opens consultation on draft changes to qualifying holding approval rules for fund management companies
The Montenegro Capital Market Authority has initiated a public consultation on draft amendments to the rulebook for acquiring or increasing a qualifying holding in management companies of open-ended investment funds with a public offering. The amendments update the approval request content and refine assessment criteria for qualifying holdings.