At its 69th board meeting, the Croatian Financial Services Supervisory Agency approved two new open-ended investment funds with public offering and issued a broader set of governance and licensing decisions across insurance, leasing, fund management and insurance distribution. It also adopted reporting measures for investment fund classification and insurance distributors, stated its intention to comply with joint European Supervisory Authorities guidelines on consistency, long-term considerations and common valuation methodology standards in environmental, social and governance stress testing under Directive 2013/36/EU and Directive 2009/138/EC, and closed an indirect supervision case involving ADRIATIC ZAGREB FACTORING after the firm remedied earlier breaches. The fund approvals cover Eurizon HR Target 2029, managed by Eurizon Asset Management Croatia, and OTP MULTI EUR 2028 II, managed by OTP invest. Each approval also covers the prospectus, fund rules and depositary selection. The agency allowed Eurizon HR Target 2029 to invest up to 60 percent of net assets in transferable securities and money market instruments issued or guaranteed by Italy, and allowed OTP MULTI EUR 2028 II to invest up to 50 percent in instruments issued or guaranteed by Romania or France. Separate instructions set the format for financial and statistical reporting by licensed insurance and reinsurance distributors and periodic statistical reporting by third-country distributors, while a separate decision requires reporting on investment fund classification. Governance approvals were granted for board or supervisory positions at Adriatic Osiguranje, Euroherc osiguranje, Wiener osiguranje Vienna Insurance Group, UniCredit Leasing Croatia, Porsche Leasing, OTP Leasing and Alternative Invest. The meeting also authorised an actuary, granted four new insurance distribution licences to sole proprietors, recorded that one existing insurance distribution licence had ceased on 31 December 2024, and ended the ADRIATIC ZAGREB FACTORING case after the company changed how it contracts the payment of suppliers' due receivables and aligned its lending activity with Article 21 of the Factoring Act by 31 March 2026.
Croatian Financial Services Supervisory Agency2026-05-22
Croatian Financial Services Supervisory Agency approves two open-ended investment funds with sovereign concentration exemptions and multiple sector authorisations
The Croatian Financial Services Supervisory Agency approved two new open-ended public investment funds, adopted new reporting measures for investment fund classification and insurance distributors, and issued governance and licensing decisions across insurance, leasing and fund management. It will comply with joint European Supervisory Authorities guidelines on environmental, social and governance stress testing under Directives 2013/36/EU and 2009/138/EC, and closed an indirect supervision case involving ADRIATIC ZAGREB FACTORING after remediation of earlier breaches.