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Regulation on Determining the Net Asset Value and Share Price of AIFs (NN, Nos. 114/18, 124/19, 2/20, 155/22 and 147/23 – Unofficial Consolidated Text) – Application Pursuant to Article 12(3) of the Current Regulation
The Croatian Financial Services Supervisory Agency (HANFA) issues this Regulation to standardize the calculation, recognition, and reporting of net asset value (NAV) and share prices for Alternative Investment Funds (AIFs). It mandates specific accounting policies, fair value measurement techniques for financial instruments and commodities, distinct valuation frequencies for open, closed, public, and private offerings, and strict documentation requirements for active/inactive markets and OTC derivatives. The rules ensure transparent pricing by aligning AIF valuation practices with IFRS/IAS standards, ECB reference rates, and defined internal governance procedures.
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