62nd Meeting

On 30 November 2018, the Board of the Croatian Financial Services Supervisory Agency held its 62nd meeting and adopted the following decisions of public interest:

1. Decision determining that the credit institution ERSTE&STEIERMÄRKISCHE BANK d. d., Rijeka, Jadranski trg 3/a, personal identification number (OIB): 23057039320, has acted in accordance with the request defined in Point II of the Decision by the Croatian Financial Services Supervisory Agency, CLASS: UP/I 971-04/16-02/01, REG.NO.: 326-01-330-331-18-30, of 19 July 2018, i.e. it has drawn up internal acts formally prescribing activities related to the monitoring of brokers’ business conduct and has implemented brokers’ conduct monitoring procedures, by means of which it has eliminated the illegalities and irregularities established; and determining that the regular on-site examination in this credit institution has finished
2. Decision determining that the investment firm INTERKAPITAL vrijednosni papiri d.o.o., Zagreb, Masarykova 1, personal identification number (OIB): 68481874507 has eliminated the illegalities and irregularities established within the off-site examination CLASS: UP/I 971-04/17-01/02, relating to the exceeding of large non-trading book exposures; and determining that the off-site examination of the firm has finished
3. Decision determining that the asset management company OTP invest društvo s ograničenom odgovornošću za upravljanje fondovima, Zagreb, Petrovaradinska 1, personal identification number (OIB): 96261939721, has eliminated the illegalities and irregularities recorded in the Off-Site Examination Report CLASS: UP/I 972-05/17-01/08, REG.No.: 326-01-440-442-17-1, of 20 October 2017, relating to the contents of key investor information for investors in UCITS, which did not contain a description of important UCITS characteristics that is clear, not misleading and that is likely to be understood by the average retail investor, which did not contain details on the remuneration policy and which were not in line with the contents of the prospectuses of the funds; and determining that the off-site examination of the company has finished
4. Decision granting approval to the company GENERALI CEE HOLDING B.V. with its registered office in Amsterdam, registered with the Netherlands Chamber of Commerce under number 34275688, and the company ASSICURAZIONI GENERALI-SOCIETA' PER AZIONI with its registered office in Piazza Duca degli Abruzzi 2, Trieste, Republic of Italy, registered with the Chamber of Commerce, Industry, Handicrafts and Agriculture Venezia Giulia under number TS-6204, as related persons and persons acting in concert, to indirectly acquire a qualifying holding in the asset management company KD Locusta Fondovi d.o.o. za upravljanje investicijskim fondovima, Zagreb, Savska cesta 106, Republic of Croatia, personal identification number (OIB): 61865183767, reaching 90% of the initial capital of that company
5. Decision granting authorisation to conduct insurance representation business to Davorka Kresoja, founder of the craft “DZO-zastupanje” obrt za zastupanje u osiguranju, Davorka Kresoja, Zagreb, Radoslava Cimermana 36 a
6. Decision granting authorisation to conduct insurance representation business to Zlatko Selar, founder of the craft ACTA, obrt za zastupanje u osiguranju, Zlatko Selar, Umag, Jadranska 49
7. Decision granting authorisation to conduct insurance representation business to Ivona Caganić, founder of the craft INFINITY VISION, obrt za zastupanje u osiguranju, Ivona Caganić, Velika Gorica, Šćitarjevo 88
8. Decision granting authorisation to conduct insurance representation business to Lidija Zadro Grgić, founder of the craft LZG, obrt za zastupanje u osiguranju, Lidija Zadro Grgić, Zagreb, Putine 15a
9. Decision granting authorisation to conduct insurance distribution business to the pre-company Providenca cor društvo s ograničenom odgovornošću za zastupanje u osiguranju, Zagreb