Regulatory Alerts2024-01-01
Regulation on Determining the Net Asset Value and Unit Price of Voluntary Pension Funds – Unofficial Consolidated Text (NN, Nos. 128/17, 114/18, 2/20, 139/23 and 51/24)
The Croatian Financial Services Supervisory Agency (HFSA) issued this Regulation to establish precise methodologies for calculating the net asset value and unit price of voluntary pension funds. It mandates pension management companies to implement standardized accounting policies, internal valuation controls, and daily or monthly calculation schedules for assets, liabilities, and derivatives. Furthermore, it defines active versus inactive market criteria, fair value measurement techniques for domestic and international instruments, and strict documentation requirements to ensure transparent and consistent fund valuation.
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