New stock market is late because of regulations
- New stock market is late because of regulations
- Post By daniloc
- 13:47, 4 oktobar, 2001

Podgorica (Montena - business) - Commission for stocks and bonds has not received claim for issuing work permit for new stock market NEX Montenegro that was founded on September 20 till today.
According to the words of Vice-president of the Commission, Zoran Djikanovic, there has not come any new claim which according to the procedure should be sent by the founders of the stock market.
As the Manager of management company KD Monta, Dragan Radusinovic said for Montena -business, the claim was not submitted because their payment and payment of the
founder Monte Adria and CG broker is delayed.
"Founding deposit which for us and for other two founding companies amounting to 30,000 DEM per each was not paid because of federal regulations which are obliged for Clearing House of Montenegro. According to these regulations, companies which do not have net
profit can not participate in founding of new
companies," said Radusinovic.
He added that KD Mont has existed for two months now and that it is normal that it still does not have any profit.
"ZOP (Clearing House) does not let us pay founding deposit because they think it will originate from the previous one which was paid for founding of KD Mont.
We have already spent that deposit and the new one was provided from the credit," explained Radusinovic.
He said that the claim for stocks and bonds would be submitted to the Commission immediately after these founding companies are permitted to pay founding deposit.
Founders of the new stock market, besides these three companies are: Business Association of Brokers of Montenegro, Management of the companies KD Mont and
Atlas Mont, Atlas Bank, Montenegrin Commercial Bank and Holder Broker.