Regulatory Alerts2026-01-01
Law on Pension Insurance Companies – Unofficial Consolidated Text (NN, No. 22/14, 29/18, 115/18, 156/23, 52/25 and 13/26)
The Croatian Financial Services Supervisory Agency (HANFA) issued this Law to regulate the establishment, operation, and termination of pension insurance companies managing both mandatory and voluntary individual capitalisation-based pension schemes. It transposes key European Union directives on occupational retirement provision, equal treatment, and worker mobility into Croatian legislation while establishing precise definitions for pension funds, sponsors, beneficiaries, and cross-border activities. The Law mandates strict supervisory oversight, defines qualifying holdings and related persons, and sets out comprehensive rules for pension programme distribution, technical provisions, and the transfer of contracts between domestic and EU-based institutions.