12th Meeting of the Board

On 29 March 2022, the Board of the Croatian Financial Services Supervisory Agency held its 12th meeting and adopted the following decisions of public interest:

  1. Decision granting authorisation to the company Toyota Tsusho Leasing Croatia d.o.o. under establishment, Zagreb, to conduct leasing operations; granting approval to the company Toyota Tsusho Corporation with its registered office in Japan, 7-23, Meieki 4-chome, Nakamura-ku, Nagoya, personal identification number (OIB): 81810676636, to directly acquire a qualifying holding in the leasing company Toyota Tsusho Leasing Croatia d.o.o. under establishment, with its registered office in Zagreb, reaching 100% of the capital and voting rights of that company; granting approval to Igor Ružić from Zagreb, Iblerov trg 4, personal identification number (OIB): 10419074194, to perform the function of a member of the Management Board of the leasing company Toyota Tsusho Leasing Croatia d.o.o. under establishment, Zagreb, for a term of office lasting for 5 (five) years as of the day of his appointment, and granting approval to Ruža Ercegović from Zagreb, II. Požarinje 17, personal identification number (OIB): 75455488528, to perform the function of a member of the Management Board of the leasing company Toyota Tsusho Leasing Croatia d.o.o. under establishment, Zagreb, for a term of office lasting for 1 (one) year as of the day of her appointment
  1. Decision determining that the company MPULS – LEASING d.o.o., Zagreb, Velimira Škorpika 24/1, personal identification number (OIB): 65918029671, has eliminated the illegalities and irregularities whose elimination was ordered by the Decision of the Croatian Financial Services Supervisory Agency of 22 April 2021 (CLASS: UP/I 973-06/20-01/02; REGNO: 326-01-50-52-521-21-7) in the following manner: it now concludes lease agreements in a clear and comprehensible manner by clearly defining in finance lease contracts the type of the interest rate based on which lease instalments are calculated, and by clearly defining in operating lease contracts the type of lease instalment; in case of arranging the option of changing the lease annuity/instalment (i.e. the interest rate on the basis of which they are calculated) which is not a result of the adjustment with the defined variable parameter, it clearly defines in lease contracts the manner of the change and objective, justifiable and demonstrable reasons for the change, requiring the consent of the lessee for these changes; lease contracts concluded with consumers comply with the provisions of the Consumer Credit Act regarding the interest rate calculation; it has submitted a written statement to Hanfa on the activities it has taken towards all lessees whose contractual obligations were unilaterally amended in an unfounded and non-transparent manner as established during the supervision; it has published on its homepage information that Hanfa adopted the Decision on 22 April 2021, with a link to Hanfa’s web page containing the Decision, and kept the information on the homepage continuously for 60 days; and terminating therefore the off-site examination of the Company’s business operations (CLASS: UP/I 973-06/20-01/02)
  1. Decision granting authorisation to the company N3 Capital Partners d.o.o. investicijsko društvo with its registered office in Zagreb, Ulica kneza Branimira 71a, personal identification number (OIB): 38904991600, to operate as a small AIFM, namely to carry out activities referred to in Article 11(1)(1) of the Alternative Investment Funds Act - management of AIFs; while the company will continue to conduct its business operations under the name N3 Capital Partners d.o.o. za upravljanje alternativnim investicijskim fondovima; granting authorisation to Damir Čukman from Zagreb, Zelenjak 37, personal identification number (OIB): 70742915118 to perform the function of a member of the Management Board of that Company for a term of office lasting for 5 (five) years; and revoking Hanfa’s decision CLASS: UP/I UP/I-451-04/14-02/3; REGNO: 326-332-14-2 of 4 July 2014 issued to the Company, which had granted authorisation to the Company to provide investment services and perform investment activities and related ancillary services, with the revocation entering into force on the day of entry of AIF management activity and name change in the court register of the competent Commercial Court for the company N3 Capital Partners d.o.o. za upravljanje alternativnim investicijskim fondovima on the basis of this decision, and with the company being deleted, on the same day, from the register of companies authorised to provide investment services and perform investment activities, maintained by Hanfa
  2. Decision granting approval to the company Inspire Investments d.o.o. za upravljanje investicijskim fondovima, with its registered office in Zagreb, Ulica Andrije Hebranga 34, personal identification number (OIB): 62573520714, to delegate compliance function tasks to the company Regula Impero d.o.o. za savjetovanje i usluge, with its registered office in Zagreb, Ulica Hrvoja Macanovića 24, personal identification number (OIB): 72377816244