Regulatory Alerts2022-01-01
Rulebook on the Conduct of Factoring Business by Factoring Companies from Other Member States and Third Countries in the Republic of Croatia
The Croatian Financial Services Supervisory Agency (HANFA) issues this Rulebook to regulate the operation of factoring companies from EU Member States and third countries within Croatia. It establishes distinct regulatory frameworks for direct service provision and subsidiary establishment, requiring prior approval, minimum capital guarantees, and fit-and-proper assessments for management. The document mandates strict cooperation between HANFA and foreign supervisory authorities to ensure compliance with anti-money laundering standards and ongoing oversight of cross-border factoring activities.
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