Regulatory Alerts2024-09-03
Guidelines on Crowdfunding Platforms
The Croatian Financial Services Supervisory Agency (Hanfa) issued these Guidelines to establish the specific conditions under which mandatory pension funds may invest in transferable equity and debt securities, as well as business shares, through crowdfunding platforms. The document distinguishes between EU-regulated platforms that operate under the Crowdfunding Regulation and non-EU platforms, which must satisfy strict criteria regarding issuer location, risk disclosure, platform recognition, and established information exchange mechanisms with Hanfa. Pension companies are required to assess new platforms 30 days prior to initial investment, conduct annual reviews, and promptly notify Hanfa of any non-compliance to maintain eligibility.
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