Regulatory Alerts2025-01-01
Regulation on the Performance of Depositary Functions for UCITS Funds – Unofficial Consolidated Text (Official Gazette No. 41/17, 139/20 and 155/25)
The Croatian Financial Services Agency (Hanfa) issued this Regulation to establish detailed procedures, organizational and technical conditions, and documentation requirements for investment companies performing depositary functions for UCITS funds. It mandates standardized processes for appointing and changing depositaries, amending service agreements, and notifying the Agency of operational irregularities or regulatory breaches. Furthermore, it defines the scope of annual audits, outlines continuity obligations when a depositary's approval is revoked, and sets up dedicated communication channels for whistleblower notifications to ensure investor protection.
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