The Croatian Financial Services Supervisory Agency (Hanfa) published a package of decisions adopted by its Management Board at its 63rd session, covering amendments to the alternative investment fund framework, alignment with EU crypto-asset supervisory guidance, and a range of supervisory, enforcement and authorisation actions across insurance, capital markets and virtual-asset services. The published measures include amendments to the rulebook on additional organisational requirements for alternative investment fund managers and the rulebook on types of alternative investment funds, a decision to comply with European Securities and Markets Authority guidelines on knowledge and competence criteria under the Markets in Crypto-Assets Regulation (MiCA), and a supplement to Hanfa’s public consultation plan. Hanfa also issued an official interpretative position on Article 13(2) of Croatia’s act implementing the PRIIPs Regulation, addressing the possibility of using the English-language exemption in the key information document for packaged retail and insurance-based investment products when distributed. On supervision and enforcement, Hanfa deleted ADRIA DIGITAL EXCHANGE d.o.o. from the register of virtual asset service providers, issued a public warning to Nenad Volarević for conduct contrary to the EU Market Abuse Regulation, and ordered Allianz Hrvatska d.d. to strengthen internal controls over processing and settling motor casco claims and to submit quarterly management reports as evidence of implementation. It closed on-site supervision procedures after determining that Groupama osiguranje d.d. had implemented measures imposed on 28 May 2025 concerning AML/CFT controls and consistent application of sanctions-related requirements, and that ADRIATIC OSIGURANJE d.d. had remedied issues ordered on 29 April 2025. The decisions also included approvals for appointments to the management board of Zagreb Stock Exchange d.d. (six-month mandates for Ivana Gažić and Tomislav Gračan), approval for Arna Willems to serve on the management board of InterCapital Real Estate (a four-year mandate), authorisation of an actuary, an insurance distribution licence, and removal of an insurance intermediary from the relevant register.
Croatian Financial Services Supervisory Agency 2026-03-12
Croatian Financial Services Supervisory Agency amends AIF rules and issues supervisory decisions including VASP deregistration and an insurer controls order
The Croatian Financial Services Supervisory Agency (Hanfa) announced decisions from its 63rd session, including amendments to the alternative investment fund framework and alignment with EU crypto-asset guidance. Key actions involved supervisory measures across insurance, capital markets, and virtual-asset services, such as deleting ADRIA DIGITAL EXCHANGE d.o.o. from the virtual asset service providers register and issuing a public warning under the EU Market Abuse Regulation. Hanfa also approved management board appointments for the Zagreb Stock Exchange and InterCapital Real Estate, and addressed AML/CFT compliance issues.