The Croatian Financial Services Supervisory Agency published a set of supervisory and licensing decisions from its 62nd Management Board meeting, spanning central counterparty risk management, asset management, insurance supervision, and market entry and fitness and propriety approvals. The package includes a remediation order for Eurizon Asset Management Croatia to address shortcomings in integrating sustainability risks into its processes. For SKDD-CCP Smart Clear, the Agency approved confirmation of non-material model and parameter changes that introduce new hypothetical scenarios, including scenarios applying an extended liquidation period and scenarios incorporating shocks that have never occurred in the Croatian market for a given ISIN. It also confirmed that Inspire Investments implemented previously imposed anti-money laundering and counter-terrorist financing supervisory measures, closing the direct supervision procedure. In fund management, approvals were granted to Erste Asset Management for material changes to the prospectus of the Erste Money Market UCITS and for the merger of the ErsteShort Term Bond sub-fund (ISIN HRICAMUISTB3) into Erste Money Market (ISIN HRERSIUEMNM2). The Agency concluded an indirect supervision procedure over part of the business of TRIGLAV OSIGURANJE, approved appointments to the management boards of Allianz Hrvatska and HOK-OSIGURANJE, licensed Move On Mobility Solutions as an ancillary insurance intermediary, authorised Ines Petrić to act as an authorised actuary, and recorded the cessation of insurance distribution licences for PLAVI AZURIT (as of 20 January 2026) and for the CROATIA AGENT GEROVO sole proprietorship (as of 3 July 2025). Eurizon Asset Management Croatia must improve its sustainability risk integration process by 31 May 2026, submit a remediation report with supporting documentation by 15 June 2026, and provide follow-up assessments from the compliance function by 15 September 2026 and internal audit by 15 November 2026. Notification to SKDD-CCP Smart Clear of the CCP model-change decision is linked to a pending decision by the European Securities and Markets Authority, after which the Agency will inform the CCP within two business days.
Croatian Financial Services Supervisory Agency 2026-03-02
Croatian Financial Services Supervisory Agency approves non-material CCP risk model changes and orders Eurizon Asset Management Croatia to strengthen sustainability risk integration by 31 May 2026
The Croatian Financial Services Supervisory Agency's 62nd Management Board meeting addressed central counterparty risk management, asset management, and insurance supervision. Actions included a remediation order for Eurizon Asset Management Croatia, model change approvals at SKDD-CCP Smart Clear, concluded supervision over Inspire Investments, fund management changes for Erste Asset Management, and various insurance sector appointments and licensing decisions.