Regulatory Alerts2020-01-01
RULEBOOK ON AIF SHARES
The Croatian Financial Services Agency (HANFA) issued this Rulebook to prescribe the classes, initial offering procedures, redemption and exchange mechanisms, suspension protocols, and register requirements for shares of Alternative Investment Funds (AIFs) without legal personality. It establishes detailed criteria and authorization processes for AIF managers (UAIFs) distributing shares to retail investors in Croatia, covering funds established domestically, in other EU Member States, or in third countries. The regulation further mandates specific conditions for payment in financial instruments, net asset value calculations during suspensions, and data protection standards to ensure investor protection and market transparency.
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