Regulatory Alerts2023-01-01
Act on Mandatory Pension Funds - Unofficial Consolidated Text (NN, No. 19/14, 93/15, 64/18, 115/18, 58/20 and 156/23)
The Croatian Financial Services Supervisory Agency (Agencija) issued this consolidated Act to regulate the establishment, operation, and supervision of mandatory pension funds and their managing companies within Croatia's individual capital-funded savings system. The legislation defines 52 key terms, mandates minimum share and regulatory capital levels of EUR 5.3 million, and establishes strict governance rules including the prohibition of preferred shares, mandatory category A/B/C fund management, and centralized registration. It further outlines capitalization requirements, approval procedures, sustainable investment criteria, and the Agency's supervisory powers to ensure market stability and member protection.
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