Regulatory Alerts2022-01-01
Regulation on the Issuance of Operating Licenses for UAIFs (Official Gazette Nos. 136/20 and 100/22 – Unofficial Consolidated Text)
The Croatian Financial Services Agency (HANFA) issued this Regulation to establish detailed requirements and documentation for obtaining or extending operating licenses for large, medium, and small Alternative Investment Fund Managers (UAIFs). It specifies ownership structures, capital proof, organizational frameworks, internal controls, and financial projections required for license applications, while streamlining submissions through electronic channels and clarifying transitional rules for existing entities. Furthermore, the Regulation consolidates prior amendments, supersedes the 2019 licensing rules, and mandates compliance with anti-money laundering protocols alongside capital market laws.
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