Regulatory Alerts2017-01-01
Regulation on the Delegation of Functions by a UCITS Fund Management Company - Unofficial Consolidated Text (NN, Nos. 108/16 and 41/17)
The Croatian Agency for Financial Services Supervision issued this Regulation to establish the procedural and substantive framework for UCITS fund management companies delegating operational functions to third parties. It mandates prior Agency approval, detailed risk and conflict-of-interest analyses, and specific contractual clauses to ensure continuous supervision and investor protection. Furthermore, it standardizes annual supervisory reporting, sub-delegation consent procedures, and electronic documentation submission to guarantee operational continuity and regulatory oversight.
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