Regulatory Alerts2017-01-01
Regulation on Status Changes of Pension Funds Managing Mandatory Pension Funds - Unofficial Consolidated Text (NN, No. 60/14, 88/14 and 39/17)
The Croatian Agency for Financial Services Supervision issued this consolidated regulation to specify the conditions and procedures for approving status changes—including restructuring, division, merger, and amalgamation—of pension funds managing mandatory pension funds. It mandates that applications for such changes must include specific approvals, documentation, and proof of paid fees, while ensuring that the position and assets of fund members are not adversely affected. The regulation streamlines electronic submission processes, clarifies the applicability of voluntary pension fund provisions, and establishes that its amendments apply retroactively to pending approval proceedings.
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