The 1992 Montenegrin independence referendum was the first referendum regarding Montenegrin independence, held on 1 March 1992 in SR Montenegro, a constituent republic of the Socialist Federal Republic of Yugoslavia. The referendum was the outcome of Montenegrin President Momir Bulatović's decision to agree to the terms set by Lord Carrington which were to transform Yugoslavia into a loose association of independent states that would have the status of subjects under international law. Bulatović's decision angered his ally, the Serbian President Slobodan Milošević and the Serbian leadership, who added an amendment to the Carrington Plan that would allow states that did not wish to secede from Yugoslavia to establish a successor state. As a result of this referendum, the Federal Republic of Yugoslavia, consisting of two former constituent republics of the SFR Yugoslavia, Serbia and Montenegro, was established on 27 April 1992.