Regulatory Guidelines for Qualified Participation and Business of the Central Stock Exchange

The Commission for Capital Markets in Montenegro has announced a public consultation on proposed regulatory guidelines for qualified participation and business of the Central Stock Exchange. The guidelines were approved at the 195th session of the Commission, held on July 31, 2026. The guidelines cover two main areas: the acquisition or increase of qualified participation in the organizer of the capital market, investment company, and Central Stock Exchange. The guidelines also cover the content and method of submitting reports on the business of the Central Stock Exchange. The Commission aims to improve the regulatory framework of the capital market, ensure the effective application of the Capital Market Law, and align domestic regulations with EU standards. The guidelines provide more detail on the requirements and documentation to be submitted to the Commission in the process of acquiring or increasing qualified participation, as well as the criteria used by the Commission to assess the fulfillment of the conditions for acquiring or increasing qualified participation, with the aim of strengthening transparency.