Regulatory Alerts2019-10-30
Guidelines Further Describing Situations Considered Conflicts of Interest
The Croatian Financial Services Supervisory Agency (Hanfa) issued these Guidelines to further define situations constituting conflicts of interest for pension fund management companies, mandating that they identify, prevent, and resolve such conflicts while acting in the best interests of fund members. The document details specific scenarios including shareholder claims, short- versus long-term return priorities, cross-fund trading disparities, fee structures, and valuation practices that may disadvantage pension funds. It requires management companies to align their operations with these criteria, continuously review implementation, and publish the Guidelines on Hanfa's website effective upon release.
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