Regulatory Alerts2021-07-07
Instructions for Insurance Companies Operating in Another Member State via Freedom to Provide Services (FOS)
The Croatian Financial Services Supervisory Agency (HANFA) issues these instructions to insurance companies intending to conduct insurance or reinsurance business in other EU member states via the freedom to provide services (FOS). The document mandates a prior written notification using a standardized English form, accompanied by proof of a fixed fee (2,500.00 HRK for initial notification or 1,000.00 HRK for activity extension), while detailing precise field-by-field completion requirements and submission channels. It further establishes a one-month advance notice obligation for any subsequent data modifications, ensuring host member state authorities receive timely updates on cross-border service provision.
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