Regulatory Alerts2025-01-01
Regulation on Conditions for Management and Supervisory Board Members of a Pension Insurance Company – Unofficial Consolidated Text (NN 121/19, 121/24 and 153/25)
The Croatian Financial Services Supervisory Agency (HANFA) issued this Regulation to establish detailed conditions for appointing management and supervisory board members of pension insurance companies, specifying professional competence, fitness and properness criteria, required documentation, and the assessment procedure for business management programs. It mandates that candidates demonstrate appropriate educational qualifications, relevant managerial experience, and a clean record regarding conflicts of interest, insolvency history, and financial stability. The Regulation further standardizes the application process, including form requirements, legalisation of foreign documents, and HANFA’s authority to issue shorter mandates when justified by supervisory findings or past performance.