Regulatory Alerts2026-03-12
Official Position on the PRIIPs KID – English Language
The Croatian Financial Services Agency (Hanfa) issued an official position clarifying that key information documents (KIDs) for packaged retail and insurance-based investment products distributed in Croatia may be prepared exclusively in English, provided distributors verify that retail investors understand the key financial terms, features, and risks. This exemption applies only when marketing activities are conducted in Croatian or other regional languages, requiring any English KID to be accompanied by a manufacturer-published Croatian translation on the producer's website. Hanfa emphasizes that distributors and manufacturers must simultaneously comply with existing product governance, target market assessment, and suitability requirements while leveraging this language flexibility.