We are pleased to announce that the Capital Market Authority of Montenegro has joined Pensión Research & Consulting as a corporate member in 2025.

The Capital Market Authority (CMA) of Montenegro is an independent regulatory body accountable to the Parliament of Montenegro. It comprises five members appointed by the Parliament upon the recommendation of the Government. The CMA is dedicated to developing a regulatory framework that fosters innovation in financial markets while aligning with European Union standards.

The Authority’s mission is to protect investors, promote transparency, and enhance the stability of capital markets. It works to strengthen financial system resilience by safeguarding investors’ rights, improving market integrity, and supporting economic growth. Its core functions include harmonizing regulations with EU directives, supervising market operations, and advancing corporate governance practices.

By fostering collaboration with international and domestic institutions, the CMA plays a vital role in building a well-regulated, transparent, and resilient capital market that meets global standards.

We look forward to a productive partnership with the CMA, particularly in advancing pension regulation and investment practices.

For more information, please visit their official website: www.scmn.me