Controversial provisions in the proposed amendments to Montenegro’s Capital Market Law, which aimed to ban reporting on state borrowing, are expected to be removed, sources familiar with the matter confirmed to Vijesti.
The Ministry of Finance, the official proposer of the amendments, will revise the draft after the European Commission requested clarification regarding the issue.
The amendments are scheduled for discussion today by the Parliament’s Legislative and Economic Affairs Committees.
Civis MP Maja Vučelić submitted amendments on Tuesday calling for the deletion of the disputed provisions.
Vijesti previously reported that the government inserted two articles into the draft without public consultation, which would prohibit the publication of information or estimates related to government bond issuances from the preparation stage until completion, if such disclosure could impact investor interest.
