Regulatory Alerts2022-01-01
Rulebook on the Capital of a Factoring Company - Unofficial Consolidated Text (NN 12/15 and 142/22)
The Croatian Financial Services Supervisory Agency (HANFA) issued this Rulebook to establish the capital requirements, calculation methods, and reporting obligations for factoring companies. It mandates that factoring companies maintain a minimum paid-in capital and total capital of 132,722.81 euros, with detailed rules for calculating these figures based on audited financial statements. The regulation further specifies quarterly and annual reporting deadlines to the Agency and outlines preventive measures and internal governance requirements to ensure capital adequacy.
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