21st Meeting of the Board

On 9 June 2022, the Board of the Croatian Financial Services Supervisory Agency held its 21st meeting and adopted the following decisions of public interest:

  1. Decision granting approval to the company Agro Invest Grupa d.o.o., Buzin, Buzinski prilaz 10, OIB: 94617721444, LEI: 74780040CAJWPR6IK185, for a single prospectus relating to the public offering and admission to the regulated market of registered dematerialised bonds, of total nominal amount up to maximum HRK 300,000,000.00, with a denomination of HRK 1.00, with a fixed annual interest rate with half-yearly interest payment and amortising principal maturity through a half-yearly repayment of 5% of the principal at the end of each of the first 12 (twelve) half-year periods following the date of issue, 10% of the principal at the end of the 13th (thirteenth) half-year period following the day of issue and with the maturity of the last part of the principal in the amount of 30% of the principal 7 (seven) years following the date of issue
  1. Decision granting authorisation to Zrinka Vuković Berić from Zagreb, Orebićka ulica 10, OIB: 92142058033, to perform the function of a member of the Management Board of the alternative investment fund management company Invera Equity Partneri društvo s ograničenom odgovornošću za upravljanje alternativnim investicijskim fondovima, with its registered office in Zagreb, Radnička cesta 43, OIB: 90246865297, LEI: 747800D0L07JONXRI202, for a term lasting 5 (five) years, running as of the day of her appointment
  1. Decision ordering the investment fund management company Allianz Invest d.o.o. Zagreb, Heinzelova 70, OIB: 42194170044, LEI: 74780000J0MHQTIPDU55, as a measure aimed at eliminating illegalities and irregularities established during the supervisory process, to improve by 31 August 2022 at the latest, its risk management system in a way that, when measuring the exposure of investment funds to market risk, it: uses the measures that allow the management company to assess i.e. evaluate, for each UCITS it manages, the actual exposure of investment funds to the risk of price change and establish a system of internal limits on the exposure of investment funds to the risk of price change in relation to newly established measures, and determine the acceptable degree or acceptable levels of such risk with respect to these measures; no later than 7 September 2022 submits a report to the Croatian Financial Services Supervisory Agency on the measures taken imposed under point I.1 of the wording of this Decision, with the accompanying documentation and evidence showing that the illegalities and irregularities detected have been eliminated
  1. Decision granting authorisation to the company Eurizon Asset Management Croatia društvo s ograničenom odgovornošću za upravljanje investicijskim fondovima, with its registered office in Zagreb, Ulica Grada Vukovara 271, OIB: 73073960573, LEI: 549300DU2TJ72XCUUN84, for the establishment and management of HR Target 2027 fond, open-ended investment fund with public offering, which includes the approval of the prospectus and rules of the Fund, as well as the approval for the selection of the depositary for the Fund – the company PRIVREDNA BANKA ZAGREB - DIONIČKO DRUŠTVO, with its registered office in Zagreb, Radnička cesta 50, OIB: 02535697732, LEI: 549300ZHFZ4CSK7VS460; and granting exception to invest up to 100% of the net assets of HR Target 2027 fond, open-ended investment fund with public offering, in transferable securities and money market instruments issued or guaranteed by the Republic of Croatia or the Republic of Italy
  2. Decision on compliance with the Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements (ESMA35-43-3006)