Regulatory Alerts2022-01-01
Regulation on Criteria for Assessing Conditions for Membership in the Management and Supervisory Boards of UAIFs and Closed AIFs with External Managers (Official Gazette Nos. 136/20 and 79/22)
The Croatian Financial Services Agency (Hanfa) issued this Regulation to establish detailed criteria for assessing the qualifications, experience, reputation, and time commitment required for members of the management and supervisory boards of UAIFs and closed AIFs with external managers. It mandates that candidates possess specific educational backgrounds, relevant professional experience, and good standing, while outlining precise documentation requirements for approval applications. Furthermore, the Regulation defines how Hanfa evaluates continuous professional development, strategic capabilities, and financial stability to ensure uninterrupted fund operations.
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