On Friday, September 1, 2023, a meeting of officials from the Capital Market Authority (CMA), Crnogorska Komercijalna Banka AD Podgorica, and OTP Fund Management from Hungary took an important step forward in the development of the Montenegrin capital market.
The meeting was attended by Željko Drinčić, President of the CMA, Ana Pivljanin, member of the CMA, Nikola Perišić, member of the Management Board of Crnogorska Komercijalna Banka AD Podgorica, Miljan Mijatović, Director of the Directorate for Global Markets and Financial Services of Crnogorska Komercijalna Banka AD Podgorica, and Tibor Turner, Deputy CEO of OTP Fund Management from Hungary.
The purpose of the meeting was for the CMA to issue an ordinance to representatives of OTP Fund Management. The document authorized the offering of investment funds from a member state for the trading of investment units on the Montenegro market. In particular, the request for approval of offerings for funds such as the OTP Multi-Asset Conservative Fund of Funds, the OTP Multi-Asset Dynamic Fund of Funds, the OTP Multi-Asset Balanced Fund of Funds, and the OTP Euro Short Bond Fund was granted.
Through this step, the CMA distinctly reaffirms its commitment to the highest regulatory standards and its readiness to support the introduction of new funds to the Montenegrin market. This is crucial for the development of the Montenegrin capital market and will provide investors with a wider range of attractive investment opportunities. This meeting is a significant step toward the sustained growth of the capital market in Montenegro and beyond. Through collaboration with prominent institutions like Crnogorska Komercijalna Banka AD Podgorica and OTP Fund Management, the CMA establishes a foundation for a dynamic economic landscape, offering investors the opportunity to achieve their goals with the support of high-quality investment products.
These funds provide their knowledge and experience, allowing investors to diversify their portfolios and have access to high-quality investment products. Through such strategic partnerships, the CMA not only supports capital market openness, integrity, and competition, but also creates an atmosphere that boldly drives development, innovation, and economic success in our community.
The CMA is dedicated to furthering the capital market's progression, improving the regulatory environment, and creating a favorable atmosphere for investment and progress.