25th Meeting of the Board
On 3 June 2020, the Board of the Croatian Financial Services Supervisory Agency held its 25th meeting and adopted the following decisions of public interest:
News
Invitation to all interested parties to join the public discussion on the EU Digital Finance Strategy / FinTech Action Plan
The Representation of the European Commission in Croatia, in cooperation with the Croatian Financial Services Supervisory Agency (HANFA) and the Croatian National Bank (CNB), is inviting all interested parties to join the public discussion on the Digital Finance Strategy / FinTech Action Plan on 8 June 2020, at 9:30h.
Previously submitted documents must be filed in their original format
HANFA's operations have continued at full capacity with the return of employees to its business premises. The documents that were previously sent electronically should be delivered in their original format.
Monthly Report for April 2020
The Croatian Financial Services Supervisory Agency has published its Monthly Report for April 2020.
Hanfa will continue adopting measures and issuing recommendations to support business continuity of the financial services sector and contribute to the stability of the financial system
In order to support business continuity of financial services institutions, offer them operational relief in these extraordinary circumstances, but also to ensure and facilitate the functioning of the overall economy and protect the interests of natural and legal persons that use financial services, Hanfa has adopted the following measures.
Monthly Report for March 2020
The Croatian Financial Services Supervisory Agency has published its Monthly Report for March 2020.
Hanfa issues recommendations to leasing companies with respect to extraordinary situation caused by the coronavirus pandemic and the Zagreb area earthquake
In accordance with its authority to promote, organize and monitor measures for the efficient functioning of financial markets, and in order to mitigate the negative effects on the economy as a whole, on 30 March 2020 Hanfa sent a letter with recommendations and desired objectives to all leasing companies with the aim to mitigate the negative impact of extraordinary events on the economic activity, business stability and the protection of users of leasing services.
Impact of COVID-19 pandemics on financial reports publication deadlines
The activities of issuers with respect to publication of regulated information (including financial reports), as well as powers and competence of Hanfa in this regard, are regulated by the Capital Market Act, and issuers are obliged to act in accordance with regulated information publication deadlines.
Hanfa Board bans insurance companies from the payment of dividend and ensures the earnings are retained in Croatia
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 an extraordinary meeting, Hanfa Board relieves issuers from the payment of fees for 2020, and bans the company OTP osiguranje d.d. from the payment of dividend
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.