Regulatory Alerts2017-01-01
Regulation on the Performance of Duties, Conditions and Procedures for Selection and Withdrawal of Approval for Depositories of Voluntary Pension Funds
The Croatian Agency for Financial Services Supervision issued this Regulation to establish the conditions, procedures, and requirements for selecting, appointing, and potentially withdrawing approval from depositories of voluntary pension funds. It mandates specific organizational and technical standards for depositories, details the mandatory content of depository agreements, and outlines strict duties regarding asset custody, cash flow monitoring, financial instrument storage, and control procedures. Furthermore, it defines the rules for delegating duties to third parties, ensuring continuous oversight, data confidentiality, and compliance with anti-money laundering obligations.
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