Regulatory Alerts2024-06-28
Official Position of Hanfa on Outsourcing Business Processes of Leasing Companies
The Croatian Financial Services Supervisory Agency (Hanfa) issued an official position clarifying the legal framework for leasing companies to outsource specific business processes under the Leasing Act. The document defines outsourcing as the contractual transfer of activities normally performed by the leasing company, explicitly excluding standardized services such as telecommunications, advertising, and cleaning. It mandates that leasing companies must notify Hanfa in writing prior to outsourcing, with enhanced requirements for significant outsourcing that could impact the company's financial stability or regulatory compliance.
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