The Croatian Financial Services Supervisory Agency published the decisions from its 70th Management Board meeting, combining a package of rule changes for the investment fund sector with a set of licensing, approval and supervisory actions. The regulatory package includes a new rulebook on the register of alternative investment fund managers and alternative investment funds, plus amendments covering authorization of alternative investment fund managers, approval for establishing and managing alternative investment funds, regulatory capital for alternative investment fund managers, units in alternative investment funds, depositary services for alternative investment funds, and the structure and content of annual, semi-annual and other reports for UCITS funds. Hanfa also adopted an updated 2026 public consultation plan. On the firm-specific side, Hanfa approved the listing prospectus for SLATINSKA BANKA d.d.'s EUR 4 million subordinated bond issue, with EUR 100,000 denomination, a fixed annual coupon paid semi-annually and bullet maturity five years after issue. It granted DIGITAL ASSETS d.o.o. authorization as a crypto-asset service provider for crypto-to-fiat exchange, crypto-to-crypto exchange, custody and administration on behalf of clients, placement of crypto-assets and transfer services, and allowed the firm to hold clients' crypto-assets and cash. The firm must register those activities with the competent commercial court within 30 days and notify Hanfa once completed. Hanfa also approved management appointments at Ayvens Croatia and Erste Asset Management, issued new insurance distribution licenses to PILJEK I TOČKA d.o.o., Jadranko Majstorović and Danijela Vodopija, recorded the cessation of insurance distribution licenses for LIBERTAS ZASTUPANJE d.o.o., Edvina Lukšija Fabić and Željka Pogelšek, and removed two individuals from the register of authorized insurance intermediaries. In a separate supervisory decision, Hanfa found that Oraclum Capital LLC had complied with remedial measures ordered in December 2025 and closed the indirect supervision procedure over the firm and the ORCA BASON Fund. The earlier prohibitions on trading, distribution and promotion of the fund in Croatia remain in force permanently for retail and qualified investors, while for professional investors they remain in place until the statutory conditions are met and in any case not before 10 December 2026.
Croatian Financial Services Supervisory Agency2026-06-01
Croatian Financial Services Supervisory Agency adopts fund sector rule changes and licenses DIGITAL ASSETS for crypto asset services
The Croatian Financial Services Supervisory Agency adopted a regulatory package for the investment fund sector, including a new rulebook on the register of alternative investment fund managers and funds, amendments on authorisation, capital, units, depositary services and reporting, and an updated public consultation plan through 2026. It also approved a EUR 4 million subordinated bond prospectus for SLATINSKA BANKA d.d., authorised DIGITAL ASSETS d.o.o. as a crypto-asset service provider, adjusted several insurance distribution licences, and confirmed remedial compliance by Oraclum Capital LLC while maintaining trading and distribution bans on the ORCA BASON Fund.