FICRS

Agea Jinrong DOO is a limited liability company incorporated in the Republic of Montenegro with registration number 5-0557722.

Because over-the-counter market-making services are currently not within regulatory framework of the Securities Commission of the Republic of Montenegro (SCMN), Agea Jinrong DOO is working continuously with legal and compliance experts based in the EU to make sure its services are fully compliant with the Markets in Financial Instruments Directive (MiFID), which is a EU law that provides harmonized regulation for financial services across the EU member states. Furthermore, Montenegro is currently an official candidate for membership in the EU and formal adoption of the Directive is expected to take place within a year.

The European Parliament and Council adopted the Directive 2004/39/EC on Markets in Financial Instruments (MiFID), which aims to regulate the markets of financial instruments for provision of investment services and activities within the European Economic Area (EEA). MiFID provides a harmonized regulatory regime for investment services within the European Economic Area. The main objectives of the Directive are to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services.

In addition, we organize a self-regulatory team to fill the vacuum of an absence of government oversight and regulation to regulate our operations, standards of practice, business conduct and allow our clients to continuously monitor financial condition of Agea Jinrong DOO and be able to submit complaints.