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Regulator Performance Overview
245
41
26
5
6
1
Insurance coverage protecting client deposits and funds
Requirement for client funds to be held separately from company funds
Medium
Tier 3
Investment firm licence; securities broker; derivatives; investment advisor; asset management
Detailed assessment of regulatory capabilities and effectiveness
Detailed breakdown of the 6 key regulatory performance indicators
Value and prestige of licenses issued by this regulator
Effectiveness of regulatory framework and enforcement
This regulator shows below average performance with an overall score of 41.
Strongest performance in Institutional
Transparency Level: medium
Global Tier: tier3
Protection against negative account balances in trading
Access to qualified investment professionals and advisory services
Government-regulated
Prohibited interactions with sanctioned jurisdictions
USD 50k–100k plus capital
Montenegro
Montenegro
Prohibited interactions with sanctioned jurisdictions
Agency (STP); market maker; principal trading
Online portal available
SCMN complaint office
1:30
6 instruments
Contact regulator for details
International Organization of Securities Commissions
Member of the global body that brings together the world's securities regulators
Access to international regulatory standards, cooperation frameworks, and best practices
Financial Action Task Force
Member of the inter-governmental body that sets standards for combating money laundering
Institutional strength and organizational capability
Risk assessment and management protocols
Investor protection measures and safeguards
Client fund protection and insurance coverage
The Capital Market Commission (SCMN) is defined by law as an independent regulatory authority responsible for regulating and governing the issuance of securities and securities trading.
Its operating framework is in accordance with internationally accepted standards set by the International Organization of Securities Commissions (IOSCO) and EU Legislation (EU Acquis), as well as the regulations established by the European Securities and Markets Authority (ESMA).
Bond, Stocks, Fund, Options, Derivatives, Futures
Brokers authorized and regulated by this authority
Montenegro
United States
