Regulatory Alerts2024-01-01
Regulation on Conditions for Membership in the Management and Supervisory Boards of a Pension Company Managing Voluntary Pension Funds (NN, Nos. 52/14, 41/17, 51/18, 112/19 and 51/24)
The Croatian Financial Services Supervisory Agency (HANFA) issued this Regulation to establish detailed conditions, professional qualifications, experience requirements, and good reputation standards for members of the management and supervisory boards of pension companies managing voluntary pension funds. It mandates specific documentation, including CVs, criminal records, financial statements, and a tailored business management program, while defining HANFA's evaluation criteria for candidate suitability and authorized shorter appointment terms. The framework ensures continuous corporate governance, risk management competence, and regulatory compliance through standardized assessment procedures and transparent approval processes.
Share