Regulatory Alerts2026-01-01
Law on Alternative Investment Funds – Unofficial Consolidated Text (NN 21/18, 126/19, 110/21, 83/23, 152/24 and 13/26)
The Croatian Financial Services Agency issued this Law to transpose key European Union directives and regulations into national legislation, establishing comprehensive conditions for the establishment, operation, supervision and cross-border distribution of alternative investment funds (AIFs) and their management companies (AIFMs). The legislation defines precise eligibility criteria for professional, qualified and retail investors, mandates the appointment of depositaries, sets rules for financial leverage and performance fees, and clarifies the European passport rights for domestic and foreign AIFMs. It further standardizes supervisory procedures, aligns national guidelines with European standards, and provides a unified legal framework for both open-ended and closed-ended AIF structures operating within Croatia.