Regulatory Alerts2022-01-01
Regulation on the Application of the Factoring Act and Other Regulations to Factoring Companies in Liquidation
The Croatian Financial Services Supervisory Agency (Agencija) issued this Regulation to specify the application of the Factoring Act to factoring companies undergoing liquidation, establishing specific obligations for liquidators and reporting requirements. It mandates that liquidators must consult with the Agency prior to liquidation decisions, submit detailed liquidation plans and financial reports within strict deadlines, and publicly announce the liquidation process. The Regulation also grants exemptions from certain capital, governance, and audit requirements while maintaining core reporting duties to ensure transparency and oversight during the winding-up process.
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