The Croatian Financial Services Supervisory Agency and Ministry of Finance held their quarterly industry consultation on implementing the Croatian investment account, preparing for T+1 securities settlement and addressing regulatory changes across capital markets and insurance. Building on the investment account project under development, participants examined operational and technical issues intended to support its practical implementation and stressed the need for stakeholders to align processes for the move to T+1. The agency signaled greater supervisory focus on the quality of data submitted under European Market Infrastructure Regulation requirements for over-the-counter derivatives and active accounts. It also sought industry feedback on proposed accepted market practices for the Zagreb Stock Exchange before submitting a final proposal to the European Securities and Markets Authority. Insurance discussions covered amendments arising from the Solvency II review, related national legislative changes and next steps toward establishing a resolution framework for insurers and reinsurers.
Croatian Financial Services Supervisory Agency and Ministry of Finance consult industry on investment account, T+1 and regulatory changes
The Croatian Financial Services Supervisory Agency and Ministry of Finance consulted industry on the Croatian investment account’s implementation, the transition to T+1 settlement and forthcoming capital markets and insurance changes. The agency also signaled closer scrutiny of EMIR data quality and sought feedback on proposed market practices for the Zagreb Stock Exchange before submission to ESMA.