News

The Board of the Croatian Financial Services Supervisory Agency (Hanfa) at its meeting held today adopted a decision banning the insurance companies in Croatia and the Raiffeisen Pension Insurance Company from paying dividends from realised profits until 30 April 2021. The decision shall enter into force on the day of its adoption. As a result, about HRK 4 billion of retained earnings in balance sheets of insurance companies will be retained in Croatia.

At its extraordinary meeting held today, The Board of the Croatian Financial Services Supervisory Agency (Hanfa) adopted a decision relieving issuers from the payment of fees for the year 2020. Hanfa is thus trying to help ease the current situation and reduce their operating costs. The decision shall enter into force on the day of its adoption and it will be published on Hanfa's website.

In order to minimize the risk of the coronavirus spread and to protect the health and safety of citizens, we are asking all legal and natural persons to send all documents (statements, reports, notifications…) to Hanfa exclusively by e-mail to pisarnica@hanfa.hr, as of 20 March 2020.

In accordance with communication from the competent authorities and with the aim of preventive action, the Croatian Financial Services Supervisory Agency has taken all necessary measures to protect the health of citizens and its employees, while ensuring the continuity of all its business processes, as well as the unobstructed and regular communication with supervised entities and the public.

On 9 March 2020, the Twinning project "Strengthening of the Institutional Capacities of the National Bank of Serbia in the Process of EU Accession" was successfully completed. Invited by the Croatian National Bank, Hanfa participated in this project in activities related to the insurance sector, which in the Republic of Serbia is under the supervision of the National Bank of Serbia.

The Croatian Financial Services Supervisory Agency has published its Monthly Report for February 2020. The Report contains data on business operations of pension funds, investment funds, investment firms, insurance companies, leasing companies, factoring companies and capital market.

The European Securities and Markets Authority (ESMA), together with National Competent Authorities (NCAs), is closely monitoring the situation in view of the continuing impact of the COVID-19 outbreak on financial markets in the European Union (EU). Following a Board of Supervisors discussion examining the market situation and contingency measures taken by supervised entities, ESMA is making the following recommendations to financial market participants:

Hanfa is once again calling on all entities providing exchange services between virtual currencies and fiat currencies and custodian wallet services to notify Hanfa thereof.

The Croatian Financial Services Supervisory Agency (Hanfa) and the Guernsey Financial Services Commission (GFSC) have concluded the ESMA Memorandum of Understanding (MoU) in relation to the alternative investment funds management. The Memorandum was signed by Mr Ante Žigman, President of Hanfa Board, and Mr William Mason, Director General of the GFSC.

The Croatian Financial Services Supervisory Agency has published its Monthly Report for January 2020. The Report contains data on business operations of pension funds, investment funds, investment firms, insurance companies, leasing companies, factoring companies and capital market.