Regulatory Alerts2024-01-01
Regulation on Conditions for Membership in the Management Board and Supervisory Board of a Pension Company Managing Mandatory Pension Funds (NN, Nos. 52/14, 39/17, 112/19 and 51/24)
The Croatian Financial Services Supervisory Agency (Hanfa) issued this Regulation to establish detailed conditions, professional qualifications, experience, and good reputation criteria for members of the management board and supervisory boards of pension companies managing mandatory pension funds. It mandates specific documentation, educational thresholds (minimum 300 ECTS points), continuous professional development, and a structured business management program to ensure strategic oversight and risk mitigation. Furthermore, it defines the assessment procedure for candidates, outlines grounds for granting shorter mandates, and standardizes approval processes to maintain financial stability and regulatory compliance across the pension sector.