Regulatory Alerts2017-01-01
Regulation on Procedures, Conditions and Method of Transfer of Management Activities of Voluntary Pension Funds - Unofficial Consolidated Text (NN, No. 52/14 and 41/17)
The Croatian Financial Services Supervisory Agency issued this consolidated regulation to detail the procedures, conditions, and methods for both voluntary and compulsory transfers of management activities in voluntary pension funds. It establishes strict timelines for depositaries to collect bids, select receiving companies based on member interests, and notify fund members via electronic or postal mail. The 2017 amendment further mandates the electronic delivery of transfer approval applications and documentation, streamlining compliance through server-recorded submissions.
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