meta_id 2939872

On March 5, 2026, the Capital Market Commission of Montenegro (Komisija za tržište kapitala Crne Gore) adopted a draft regulation on auditor selection criteria and audit scope for open-ended investment funds with public offering and their management companies. The draft regulation establishes conditions and criteria for auditor selection, procedures for granting consent, and the scope and content of audits. The regulation aims to strengthen transparency in operations, improve control systems, and provide additional investor protection. The rules apply to management companies operating open-ended investment funds with public offering and the funds themselves. The regulation has been adopted pursuant to Articles 90(4) and 162(4) and (10) of the Law on Open-Ended Investment Funds with Public Offering (published in the Official Gazette of Montenegro, nos. 23/25, 117/25, and 14/26). The Capital Market Commission is conducting a public consultation to gather feedback from interested stakeholders, including professional and interested members of the public. The consultation period runs for 14 days from the publication date. Interested parties may submit comments to the Commission at info@scmn.me. Following review of all received comments, the Commission will finalise the text of the regulation. **Reference:** Capital Market Commission of Montenegro: https://www.scmn.me