Regulatory Alerts2026-02-05
Insurance Intermediaries as Distributors of Units in Investment Funds
The Croatian Financial Services Supervisory Agency (Hanfa) clarifies that insurance intermediaries may distribute units in investment funds by utilizing one of three regulatory pathways: the occasional service exemption, market intermediary authorization, or tied agent registration. Each pathway requires specific cumulative conditions regarding the link to the intermediary's main activity, income structure, advertising practices, and client service scope. The document outlines the procedural requirements and liability frameworks for each model, enabling natural persons, sole proprietors, and legal entities to continue distributing UCITS and alternative investment fund units without redundant licensing.
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