Regulations


- Decision on Interim Measures to Mitigate Negative Impact of the Communicable Disease COVID-19 Epidemic on the Financial System
(OGM 80/20, 105/20, 24/21, 33/21, 45/21, 53/21, 116/21) - Unofficially consolidated translation  



- Decision Establishing the Forms for the Submission of Information on Lending Activity
(OGM 16/18)


- Decision on Macroprudential Measures related to Retail Banking Loans
(OGM 58/19, 107/20)  - Unofficially consolidated translation 
 


- Decision on Banks’ and Central Bank of Montenegro Actions until the Beginning of the Implementation of Regulations Governing Establishment, Operations and Supervision of Banks (OGM 16/21)


- Decision on Governance Arrangements in Credit Institutions
(OGM 119/20) - it shall apply from the date of application of the Law on Credit Institutions 


- Decision on More Detailed Requirements for Selection and Appointment of Members of the Management Body and Holders of Core Functions in a Credit Institution
(OGM 119/20) - it shall apply from the date of application of the Law on Credit Institutions 


- Decision on the Content and Manner of Keeping a Registry of Credit Institutions
(OGM 126/20) - it shall apply from the date of application of the Law on Credit Institutions 


- Decision on Doing Business with Persons Connected with a Credit Institution
(OGM 126/20) - it shall apply from the date of application of the Law on Credit Institutions 


- Decision on Minimum Standards for Investment of Credit Institutions in Immovable Property and Fixed Assets
(OGM 126/20) - it shall apply from the date of application of the Law on Credit Institutions 


- Decision on the Method of Calculating Maximum Distributable Amount in Credit Institutions
(OGM 126/20) - it shall apply from the date of application of the Law on Credit Institutions 


- Decision on the Criteria and the Manner of Classification of Assets and Calculation of Provisions for Potential Loan Losses of a Credit Institution
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institution  


- Decision on Remuneration in Credit Institutions
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on Recovery Plans of Credit Institutions
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on the Manner of Calculating Specific Countercyclical Capital Buffer Rate of a Credit Institution
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on Methods for Consolidation of Members of a Group of Credit Institutions
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on Identifying other Systemically Important Credit Institutions
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on the Criteria and Documentation for Assessing the Suitability and Financial Soundness of the Acquirer of a Qualifying Holding in a Credit Institutionfor
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on Documentation Attached to the Application for Granting the Authorisations under the Law on Credit Institutions
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on Documentation Supporting the Application for Granting the License to a Credit Institution
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on Liquidity Risk Management in Credit Institutions
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on Internal Capital Adequacy Assessment of a Credit Institution
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


- Decision on Managing Outsourcing-Related Risks
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions  


Decision on Large Exposures of Credit Institutions
(OGM 127/20) - it shall apply from the date of application of the Law on Credit Institutions   
 


- Decision on Chart of Accounts for Credit Institutions
(OGM 128/20) - it shall apply from the date of application of the Law on Credit Institutions   
 


- Decision on Reporting to the Central Bank of Montenegro 
(OGM 128/20) - it shall apply from the date of application of the Law on Credit Institutions  
- Annexes


- Decision on Capital Adequacy of Credit Institutions
(OGM 128/20) - it shall apply from the date of application of the Law on Credit Institutions   
 


- Decision on Public Disclosure of Information by a Credit Institution
(OGM 128/20) - it shall apply from the date of application of the Law on Credit Institutions   
 


- Decision on Minimum Standards for Risk Management in Credit Institutions
(OGM 128/20) - it shall apply from the date of application of the Law on Credit Institutions   
 


- Decision on documents supporting the request for granting approvals under the Banking Law 
(OGM 57/08, 80/10) - Unofficially consolidated translation
- Annexes


- Decision on more detail requirements to be met by the member of the bank’s board of directors 
(OGM 80/10)


- Decision on capital adequacy of banks 
(OGM 38/11, 55/12, 82/17) - Unofficially consolidated translation



- Decision on Minimum Standards for Operations with Bank Related Parties (OGM 60/08)


- Decision on minimum standards for liquidity risk management in banks (OGM60/08)


- Decision on Minimum Standards for Credit Risk Management in Banks
 (OGM 22/12, 55/12, 57/13, 44/17, 82/17, 86/18, 42/19) - Unofficially consolidated translation



- Decision on the Manner of Calculating Bank Exposuress (OGM 15/12)


- Decision on Minimum Standards for Market Risks Management in Banks (OGM 60/08)


- Decision on methods for preparation of the consolidated financial reports of the banking group 
(OGM 24/09)


- Decision on Minimum Standards for Operational Risk Management in Banks (OGM 24/09)


- Decision on minimum standards for interest rate risk management not originating from bank's trading activities (OGM 60/08)


- Decision on Methodology for Country Risk Measurement in Banks (OGM 60/08, 51/13)



- Decision on minimum standards for bank investment in immovable property and fixed assets 
(OGM 24/09, 66/10, 58/11, 61/12, 13/13, 51/13, 16/15, 82/17) - Unofficially consolidated translation



- Decision on Reporting to the Central Bank of Montenegro 
(OGM 64/12, 83/17, 24/18, 39/18, 37/19) - Unofficially consolidated translation

ANNEXES 


- Decision on Public Disclosure of Data and Information by Banks (OGM 02/12)


- Decision on the content, deadlines and manner of compiling and submitting bank’s financial statements (OGM 15/12, 18/13, 24/18) Unofficially consolidated translation



- Decision on the methods for preparing the consolidated financial reports of the banking group 
(OGM 24/09)


- Decision on Chart of Accounts for Banks 
(OGM 82/17, 71/19) Unofficially consolidated translation
- 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 
(OGM 61/12)


- Decision on the Basics of Internal Control System in Banks (OGM 60/08)

- Decision on Internal Audit in Banks (OGM 60/08)


- Decision on the Banking Ombudsman 
(OGM 15/09, 02/12) - Unofficially consolidated translation



- 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 
(OGM 60/08)


- Decision on Credit registry 

(OGM 39/18, 18/19) - Unofficially consolidated translation 

 


- Guidelines for Developing Risk Analysis and Risk Factors for the Purposes of Prevention of Money Laundering and Terrorist Financing by Reporting Entities under the Supervision of the Central Bank of Montenegro (OGM 22/19) 


- Guidelines on implementation of international restrictive measures by banks and financial institutions and supervision of the implementation of these measures


 - Decision on the supervision over the implementation of the Law on the Conversion of Swiss Franc (CHF) – Denominated Loans into Euro (EUR) – Denominated Loans 
(OGM 49/15, 63/16) - Unofficially consolidated translation


- Decision on Detailed Manner of Valuation of Assets and Liabilities before Taking Resolution Action or Exercising the Power to Write Down or Convert Relevant Capital Instruments
(OGM 45/21) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 


- Decision on Methodologies and Criteria for Determining the Amount of Liabilities Arising from Derivatives
(OGM 116/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 


- Decision on Minimum List of Services, Facilities or Equipment Necessary for Enabling a Recepient Undertaking to Operate a Business Transferred to it from a Credit Institution under Resolution
(OGM 116/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 


- Decision on Detailed Conditions for Granting Deferral of Payment of Ex-Post Contributions to a Credit Institution into the Resolution Fund
(OGM 116/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 


- Decision on Notifications about Resolution of a Credit Insitution
(OGM 116/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 


- Decision on the More Detail Content of a Reorganisation Plan of a Credit Institution under Resolution and the Manner of Reporting on the Implementation of the Plan
(OGM 116/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 


- Decision on Detailed Content of Resolution Plans for Credit Institutions and Group Resolution Plans
(OGM 116/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 


- Decision on the Methodology for Valuation of Assets of the Credit Institution under Resolution Proceedings after Carrying out the Transfer of a Part of the Rights, Assets and Liabilities or after Applying the Bail-In Tool
(OGM 122/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 



- Decision on More Detailed Regulation of Contractual Recognition of Write-Down and Conversion Powers in Relation to Credit Institution’s Liabilities Governed by a Third Country Law
(OGM 122/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 



- Decision on the Criteria for Assessing Resolvability of a Credit Institution and a Group
(OGM 122/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 


- Decision on Detailed Criteria for Determining Minimum Requirements for Own Funds and Eligible Liabilities of Credit Institutions
(OGM 126/20) - it shall apply from the date of application of the Law on Resolution of Credit Institutions 


- Decision on More Detailed Manner of Calculation of Ex-Ante Contributions Paid by Credit Institutions to the Resolution Fund
(OGM 127/20, 45/21) - Unofficially consolidated translation - it shall apply from the date of application of the Law on Resolution of Credit Institutions

 

Decision on the structure, more detail conditions and manner of transaction account opening and closing 
(OGM 48/14, 24/16, 14/17) - Unofficially consolidated translation



Decision on the Contents of the Central Registry of Transaction Accounts 
(OGM 48/14, 32/15, 53/21, 102/21) - Unofficially consolidated translation



Decision on core elements of the payment orders for executing national payment transactions via transaction accounts (OGM 48/14)


Decision on detailed conditions for providing activities of the payment service agent 
(OGM 48/14)


Decision on the manner of keeping the register of payment institutions and the register of electronic money institutions 
(OGM 48/14, 74/21) - Unofficially consolidated translation



Decision on protection of payment service users’ funds and funds received in exchange for issued electronic money (OGM 48/14)


Decision on own funds of payment institutions 
(OGM 48/14)


Decision on own funds of electronic money institutions 
(OGM 48/14)


Decision on minimum value of payment transactions to be processed in RTGS system 
(OGM 48/14)


Decision on payment system oversight 
(OGM 48/14)


Decision repealing some enabling regulations concerning national payment system  
(OGM 48/14)


Decision on Payment System Reporting to the Central Bank of Montenegro 
(OGM 82/17 and 107/20)   - Unofficially consolidated translation

Annexes



Operating rules of the Central bank of Montenegro Payment System 
(OGM 48/14 and 57/14) - Unofficially consolidated translation



- Decision on clearing of international payments 
(OGM 20/08)


- Decision on detailed requirements and manner of performing bureau de change operations 
(OGM 27/11)


- Decision on the unique blank form bill (OGRM 81/05)


- Decision on putting into circulation, the sale price and the withdrawing from circulation of the unique blank form bills (OGRM 01/06)

Balance of payments statistics


- Decision on Keeping Separate Records on Foreign Current and Capital Transactions and their Reporting to the Central Bank of Montenegro (OGM 08/17, 18/19) - Unofficially consolidated translation

   - Form GU-1           
   - Form GU-2           

   - Form DI-1           
   - Form DI-2            

   - Form KZ-1       

   - Form KO-1            

   - Form TK-1       

   - Form TK-2       

   - Form RN-1            

   - Instruction for filling in Forms
   - USER GUIDES


- Decision on the Amount of Cash that May be Brought into or Leave Montenegro Without Declaring 
(OGM 38/10)


- Decision on Statistical Data to be Submitted to the Central Bank of Montenegro for the Purpose of Compiling the Balance of Payments Statistics (OGM 61/12, 24/18) - Unofficially consolidated translation



Statistics of monetary financial institutions


- Decision on Chart of Accounts for Banks 
(OGM 82/17, 71/19) Unofficially consolidated translation
- ANNEX


- Decision on Reporting to the Central Bank of Montenegro 
(OGM 64/12, 83/17, 24/18, 39/18) - Unofficially consolidated translation

  ANNEXES 


- Decision on the Chart of Accounts of the Central Bank of Montenegro 
(OGM 88/17)

  ANNEX



Statistics of other financial institutions


- Decision on Financial Services Providers' Reporting to the Central Bank of Montenegro 
(OGM 24/18)

  ANNEXES



Interest rates statistics


- Decision on the uniform manner of calculation and reporting of effective interest rate on loans and deposits (OGM 51/13, 52/14) - Unofficially consolidated translation


- Decision on Credit registry 

(OGM 39/18, 18/19) - Unofficially consolidated translation


- Decision on issuing gold and silver jubilee coins
(OGM 12/21)


Decision on Gold and Silver Jubilee Coins Using and Packaging
(OGM 33/21)


- Decision on issuing gold and silver jubilee coins
(OGM 24/16)


- Decision on Gold and Silver Jubilee Coins Using and Packaging
(OGM 31/16, 25/17) - Unofficially consolidated translation


- Decision On changes in Prices of Commemorative Coins Issued
(OGM 13/11, 25/17) - Unofficially consolidated translation


- Decision on the Manner of Using the Collections of Commemorative Montenegrin Coins Issued on the Occasion of Celebrating the Centenary of Minting the First Montenegrin State Coins
(OGRM 37/06, OGM 09/07, 13/11) - Unofficially consolidated translation


- Decision on establishing the collections of commemorative Montenegrin coins
(OGRM 31/06)


- Decision on issuing commemorative gold coins
(OGRM 31/06)


- Decision on Issuing Commemorative Coins – Alloys
(OGRM 31/06)


- Decision on issuing commemorative silver coins
(OGRM 31/06)


Decision on the Manner of using the Commemorative Montenegrin Coins issued on the Occasion of celebrating the Anniversary of Central Bank of Montenegro’s Commencement of Operation
(OGRM 01/03, 50/04, OGM 13/11)


- Decision on establishing the collections of commemorative Montenegrin coins
(OGRM 45/02)


- Decision on issuing commemorative gold coins
(OGRM 45/02)


- Decision on Issuing Commemorative Coins – Alloys
(OGRM 45/02)


- Decision on issuing commemorative silver coins
(OGRM 45/02)


- Decision on Performing Custody Operations 
(OGM 34/17)


- Decision on the Chart of Accounts of the Central Bank of Montenegro 
(OGM 88/17)


ANNEX


- Decision on Determining Tariff for Calculating Fees Charged for the Central Bank of Montenegro Services 
(OGM 29/11, 22/12, 58/13, 12/14, 22/14, 48/14, 32/15, 15/17, 18/17, 24/18) - Unofficially consolidated translation