Regulatory Alerts2020-01-01
Regulation on the Conditions for Offering Voluntary Pension Programs Based on Individual Capitalized Savings – Unofficial Consolidated Text (NN, No. 101/14, 41/17, 2/20, 98/20)
The Croatian Financial Services Supervisory Agency (Hanfa) issued this Regulation to establish the conditions under which pension companies and designated persons offer voluntary pension programs based on individual capitalization savings. It mandates specific contractual, educational, and operational requirements for these persons, including conflict-of-interest management, documentation retention, and electronic reporting. Furthermore, it standardizes the information disclosure process for potential beneficiaries, ensuring transparent pension payout options, fee structures, and risk assessments prior to contract conclusion.
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