Regulatory Alerts2024-01-01
Regulation on Organizational Requirements for Pension Management Companies Managing Voluntary Pension Funds (NN, No. 2/20 and 70/24)
The Croatian Financial Services Supervisory Agency (Hanfa) issued this Regulation to establish detailed organizational, administrative, and accounting requirements for pension management companies operating voluntary pension funds. It mandates specific internal structures, key function qualifications, risk and conflict-of-interest management measures, and robust investment processes to ensure operational efficiency and member protection. Furthermore, the Regulation standardizes remuneration policies, complaint handling, reporting obligations to Hanfa, and conditions for delegating key functions to sponsors.
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