The Legislative Committee of the Parliament of Montenegro has determined that the amendments to the Law on Capital Market adhere to both the Constitution and existing laws. Additionally, they accepted four amendments proposed by MP Maja Vučelić, two of which involve the removal of contentious articles that prohibit reporting on state debts.

At the session of the Legislative Committee, Aleksandra Popović, representing the Ministry of Finance (the bill’s sponsor), did not comment on Vučelić’s amendments. However, it is anticipated that the bill’s proponent will address these amendments during the meeting of the parent Committee on Economy.

According to unofficial reports from the newspaper, the Government is expected to withdraw the disputed articles following a request for clarification from the European Commission regarding this matter.

On May 28, Vijesti reported that the Government had included two articles in its proposed amendments to the Capital Market Law, without any public debate. These articles restrict the dissemination of information, data, and estimates concerning the issuance of government securities used for state borrowing, as well as other data from the preparation phase through to the completion of the issuance. This information could “influence the willingness of potential investors to acquire government debt securities.”

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