Croatian Financial Services Supervisory Agency (Hanfa) released the public-interest decisions from its 67th Management Council meeting, adopting several amendments to the rulebooks that govern mandatory pension funds and the pension companies that manage them. The agenda also included multiple licensing decisions in the investment fund and crypto-asset sectors and a supervisory warning with a remediation order for an insurer’s Croatian branch. On pensions, the amended rulebooks cover the Central Register’s interactions with members of mandatory pension funds, board membership conditions for pension companies, the content and structure of mandatory pension fund work reports submitted to the Croatian Parliament, member marketing and disclosure documents including the informative prospectus, periodic reporting by mandatory pension funds, and the structure and content of pension company financial statements and other reports. In supervision and authorisations, Hanfa warned the Croatian branch of Germany’s Vereinigte Hagelversicherung VVaG for breaches identified in an indirect supervisory review and required remediation of issues linked to Article 378(1) of the Insurance Act. It approved Alternative Invest to establish and manage an open-ended alternative investment fund with private placement investing in renewable energy, and authorised changes at Erste Asset Management including the launch of the ERSTE HORIZONT 2028 III public sub-fund within its umbrella UCITS (with ERSTE&STEIERMÄRKISCHE BANK as depositary), material prospectus changes for the Erste Adriatic Bond and Erste Money Market USD funds, and mergers of Erste Short Term Dollar Bond into Erste Money Market USD and Erste Bond into Erste Adriatic Bond. InterCapital ETF received approval to launch the InterCapital Poland WIG30TR UCITS ETF within its umbrella UCITS ETF and to make material prospectus changes to the umbrella fund, with OTP banka appointed as depositary for the new sub-fund. WHITE TECH was authorised as a crypto-asset service provider for exchange, transfer and custody and administration services, including holding clients’ crypto-assets and funds, and Hanfa consented to the appointment of Ivan Turudić and Kyryl Sierikov as management board members for four-year terms. The meeting also approved Snježana Milovanović as a management board member of Global Invest for a five-year term, granted an insurance distribution licence to Antonio Bošnjak and recorded the expiry of an insurance distribution licence for Renata Videc Juriša. Vereinigte Hagelversicherung’s branch must report to Hanfa on measures taken by 1 June 2026. WHITE TECH must register the authorised activities with the competent commercial court within 30 days and notify Hanfa, and Milovanović’s Global Invest mandate starts on 7 May 2026.
Croatian Financial Services Supervisory Agency 2026-04-23
Croatian Financial Services Supervisory Agency amends mandatory pension fund rulebooks, licenses new funds and crypto-asset services and warns insurer branch
The Croatian Financial Services Supervisory Agency adopted amendments to rulebooks governing mandatory pension funds and their managers, covering Central Register interactions, governance, reporting to Parliament, member disclosures, marketing, and pension company reporting. It also issued a supervisory warning with remediation requirements to the Croatian branch of Vereinigte Hagelversicherung VVaG, authorised new and restructured investment funds and ETFs, and licensed WHITE TECH as a crypto-asset service provider alongside several board and insurance distribution appointments.