Statement from the 140th session of the Government of Montenegro

The law, which has been in effect since the accession of Montenegro to the European Union, provides the basic legal framework regulating the functioning of the capital market in Montenegro, including the provision of investment services and performing investment activities, operation of regulated markets, multilateral and organized trading systems, clearing and settlement of financial instruments, operation of central counterparties, as well as supervision of market participants and activities. Amendments and supplements cover various areas important for the functioning and supervision of the capital market, including rules related to investment companies, market organization and supervision, transparency and order execution, risk management, commodity derivatives, clearing and settlement, central counterparties, cross-border service provision, cooperation of competent authorities, and supervisory measures and sanctions. The information states that the process of establishing a limited liability company for the processing of animal by-products, responsible for collection, transportation, temporary storage, processing, and disposal of Category 1 and Category 2 animal by-products, which are of public interest, is underway. Acquiring this equipment will reduce risks to human and animal health and the environment, improve procedures in regular and emergency situations, and enable Montenegro to fulfill its obligations within Chapter 12 – Food Safety, Veterinary and Phytosanitary Policy negotiations. The need for its development arose from changes in the legislative and institutional framework, progress in the EU accession process, new knowledge and data on water resources, and growing challenges related to climate change and its impact on water regimes. The updated document particularly emphasizes integrating climate change adaptation aspects, managing risks from extreme hydrological events (droughts, floods, and torrents), improving monitoring and data management systems, and aligning with the latest EU legal requirements in the water sector.