25th Meeting of the Board

On 21 July 2022, the Board of the Croatian Financial Services Supervisory Agency held its 25th meeting and adopted the following decisions of public interest:

  1. Ordinance amending the Ordinance on organisational requirements for UCITS management companies
  2. Decision granting authorisation to Janko Gogolja to perform the function of a member of the Management Board of the factoring company UXOR GRUPA d.o.o., Zagreb, Selska cesta 90b, OIB: 65987238473, for a term lasting 5 (five) years
  3. Decision granting authorisation to Sandra Pezdevšek to perform the function of a member of the Management Board of the factoring company UXOR GRUPA d.o.o., Zagreb, Selska cesta 90b, OIB: 65987238473, for a term lasting 5 (five) years
  4. Decision granting authorisation to Ana Brakus, OIB: 63118990464, to perform the function of a member of the Management Board of the leasing company UniCredit Leasing Croatia d.o.o., Zagreb, Samoborska cesta 145, OIB: 18736141210, for a term starting as of the day of the receipt of this Decision, and lasting until 15 February 2025
  5. Decision granting authorisation to conduct insurance distribution business to the pre-company A.M.I. ADRIA d.o.o. za zastupanje u osiguranju, with its registered office in Split
  6. Decision granting authorisation to conduct insurance distribution business to Dario Filipović from Slavonski Brod, founder of the insurance representation craft Darius AZ, obrt za zastupanje u osiguranju, Dario Filipović, Slavonski Brod, Blagoje Berse 15 
  7. Decision determining that the authorisation to conduct insurance and reinsurance distribution business issued on 25 November 2019 to Marijo Sobočan from Zagreb, Grmoščica srednja 20A, OIB: 19762022689, founder of the insurance and reinsurance brokerage craft Horizont, obrt za brokerske poslove u osiguranju i reosiguranju, vl. Marijo Sobočan, Zagreb, Fallerovo šetalište 22, by virtue of the Decision of the Croatian Financial Services Supervisory Agency CLASS: UP/I 974-03/19-01/86, REGNO: 326-01-22-19-4, ceased to be valid on 20 May 2022
  8. Decision determining that the off-site examination of the credit institution ERSTE&STEIERMÄRKISCHE BANK d.d., Rijeka, Jadranski trg 3a, OIB: 23057039320, LEI: 549300A2F46GR0UOM390 (CLASS: UP/I 991-04/22-02/04) has finished and that all the illegalities and irregularities established during this examination have been eliminated
  9. Decision ordering the participating companies: AGRAM LIFE osiguranje d.d., Trnjanska cesta 108, Zagreb, OIB: 18742666873, LEI: 74780000R0XHH10VC697, EUROHERC osiguranje d.d. Ulica grada Vukovara 282, Zagreb, OIB: 22694857747, LEI: 74780000Q0NHK2O5DU16 and ADRIATIC OSIGURANJE d.d., Listopadska 2/V, Zagreb, OIB: 94472454976,  LEI: 74780000904H51PVL664 (hereinafter: Participating Companies), for the purpose of eliminating illegalities, taking into account all the companies within the insurance group to which they belong, as well as the structure, operations and risk profile of that Group, to: establish and implement governance system at group level as prescribed by Article 328(1)(2)(3) and Title VIII of the Insurance Act, Title IX of the Commission Delegated Regulation (EU) 2015/35, EIOPA Guidelines on system of governance and EIOPA Guidelines on own risk and solvency assessment, which will ensure sound and prudent management of the Group, and to, using the same system, clearly allocate responsibilities among all the companies within the Group; as proof of elimination of illegalities, the company EUROHERC osiguranje d.d. is ordered to, by 31.3.2023 at the latest, submit to the Croatian Financial Services Supervisory Agency reports and evidence on the establishment of the governance system, together with the opinion of the internal audit key function of EUROHERC osiguranje d.d. as regards acting upon orders of this Decision; immediately and without delay, publish on its website legal, governance and organisational structure of the Group, including a list of all subsidiaries, significant related companies and significant branches belonging to the Group; as proof of elimination of illegalities, the company EUROHERC osiguranje d.d. is ordered to, within eight (8) days from the receipt of this Decision, submit to the Croatian Financial Services Supervisory Agency a report on activities upon the order from the Decision together with the opinion of the internal audit key function of EUROHERC osiguranje d.d. as regards completeness and accuracy of published information
  10. Decision determining that the company VANTAGE LEASING d.o.o. u likvidaciji, Zagreb, Horvatova ulica 82, OIB: 55525619967, has eliminated the illegalities and irregularities whose elimination was ordered by the Decision of the Croatian Financial Services Supervisory Agency of 28 April 2022 (CLASS: UP/I 993-06/22-01/05; REGNO: 326-01-50-52-521-22-5), and terminating the off-site examination of the company’s operations (CLASS: UP/I 993-06/22-01/05)
  11. Decision on compliance with the Guidelines on stress test scenarios under the MMF Regulation - 2021 Update (ESMA34-49-446)