Regulatory Alerts2026-01-01
Regulation on Additional Organizational Requirements for Alternative Investment Fund Management Companies
The Croatian Financial Services Supervisory Agency (Hanfa) issued this Regulation to prescribe additional organizational requirements for Alternative Investment Fund Management Companies (AIFMs), focusing on business continuity, documentation retention, ICT risk management, and remuneration policies. It mandates medium-sized AIFMs to establish robust internal control systems, disaster recovery plans, and remuneration committees, while defining criteria for significant AIFMs based on revenue, staff size, and managed assets. Furthermore, the Regulation standardizes website disclosures for AIFMs managing publicly offered funds and enforces strict internal control mechanisms to ensure regulatory compliance, risk mitigation, and operational efficiency.