The region of Mokra Gora, Šargan, and the southern slopes of the Tara Mt. have been a part of the protective zone of the National Park "Tara" since 1981, when the National Park was proclaimed, until 2004, when it was put under the previous conservation regime by the Decree of the Institute for Nature Conservation of Serbia No. 02-592/1 from May 05, 2004, in keeping with the Law on Environmental Protection ("Official Gazette of the Republic of Serbia" No. 66/91, 83/92), until the Decree on Conservation was issued.

            The Decree on the previous conservation regime was valid until 2005, when the status of the Landscape of Outstanding Features, as a natural asset of exceptional national importance of the 1^st category, was assigned following the Decree on Conservation of the Landscape of Outstanding Features "Šargan – Mokra Gora" ("Official Gazette of the Republic of Serbia" No. 52/2005). In keeping with this Decree, the Landscape of Outstanding Features "Šargan – Mokra Gora" comprised an area of 3,678.23 ha, in parts of the cadastre municipalities of Mokra Gora and Kremna, which belong to the municipality of Užice, as well as in parts of the cadastre municipality of Semegnjevo, which belongs to the municipality of Čajetina. By altering the Decree, namely by issuing the Decree on Conservation of the Nature Park "Šargan – Mokra Gora", ("Official Gazette of the Republic of Serbia" No. 81/2008), the area of this natural asset has been augmented, so that at present it has the status of the Nature Park, a natural asset of exceptional national importance of the 1^st category, now comprising an area of 10,813.73 ha.

The manager of this protected area is the Limited Liability Company "Nature Park Mokra Gora“, founded by the Government of the Republic of Serbia by the Decree No. 3169 of November 18, 2005 ("Official Gazette of the Republic of Serbia" No. 99/05).