Podgorica, (MINA-BUSINESS) – The transition to the T+1 transaction settlement model marks a significant step forward for the domestic capital market, contributing to greater efficiency of market processes, faster circulation of money and securities, and further alignment with modern European regulatory standards.

The Capital Market Authority explained that this comes as a continuation of comprehensive reform activities, including the adoption of a new Corporate Governance Code, improvements to the legislative framework in the capital market sector, digitalization of regulatory reporting, enhancement of financial literacy, and strengthening of the administrative, technical, and financial capacities of all key market infrastructure institutions.

“In this way, Montenegro’s capital market is acting proactively, laying solid foundations for future development and full integration into the European financial market,” the authority said in a press release.

The Capital Market Authority hosted a meeting dedicated to the upcoming transition to the T+1 transaction settlement system on the capital market.

The meeting focused on the European Union’s transition from the current T+2 to the T+1 settlement model, under which transactions are settled no later than the first business day after trading.