Regulatory Alerts2026-01-01
Law on Open-Ended Investment Funds with Public Offer (Official Gazette No. 44/2016, 126/19, 110/21, 76/22, 152/24 and 13/26) - Unofficial Consolidated Text
The Croatian Financial Services Supervisory Agency issued this consolidated Law to transpose key European Union directives and regulations into national legislation, establishing comprehensive conditions for the establishment, operation, supervision, and cross-border distribution of open-ended investment funds with public offer (UCITS) and their management companies. The legislation mandates strict organizational, risk management, and reporting standards for UCITS funds, depositaries, and authorized distributors while clarifying the Agency's authority to implement EU regulations, technical standards, and binding guidelines. It further defines 51 core legal terms, outlines share issuance and redemption mechanisms, and sets forth compliance obligations for supervised entities to ensure investor protection and market stability.