6th Meeting

On 17 February 2022, the Board of the Croatian Financial Services Supervisory Agency held its 6th meeting and adopted the following decisions of public interest:

1. Decision granting approval to the company Raiffeisen Invest d.o.o., with its registered office in Zagreb, Magazinska 69, personal identification number (OIB): 81769224349, for the merger of Raiffeisen Fund Conservative, feeder open-ended investment fund with public offering with Raiffeisen Sustainable Solid, feeder open-ended investment fund with public offering

2. Decision granting approval to the company the Raiffeisen Invest društvo s ograničenom odgovornošću za upravljanje UCITS fondovima, with its registered office in Zagreb, Magazinska cesta 69, OIB: 81769224349, to transform Raiffeisen Harmonic open-ended investment fund with public offering into Raiffeisen Harmonic feeder open-ended investment fund with public offering, whose master fund is Raiffeisen Fund Balanced, managed by Raiffeisen Kapitalanlage-Gesellschaft m.b.H., with its registered office in Mooslackengasse 12, A-1190, Vienna, Austria; and granting approval to this Company for significant amendments to the prospectus of Raiffeisen Harmonic open-ended investment fund with public offering

3. Decision granting approval to the company the Raiffeisen Invest društvo s ograničenom odgovornošću za upravljanje UCITS fondovima, with its registered office in Zagreb, Magazinska cesta 69, OIB: 81769224349, to transform FWR Multi-Asset Strategy I open-ended investment fund with public offering into Raiffeisen Sustainable Solid feeder open-ended investment fund with public offering, whose master fund is Raiffeisen- Sustainable Solid, managed by Raiffeisen Kapitalanlage-Gesellschaft m.b.H., with its registered office in Mooslackengasse 12, A-1190, Vienna, Austria; and granting approval to this Company for significant amendments to the prospectus of FWR Multi-Asset Strategy I open-ended investment fund with public offering

4. Decision granting approval 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, personal identification number (OIB): 73073960573, for significant amendments to the prospectus of Eurizon HR Bond fond, open-ended investment fund with public offering, ISIN: HRPBZIUIBNF5

5. Notification determining that the company Allianz ZB d.o.o. društvo za upravljanje obveznim i dobrovoljnim mirovinskim fondovima, Zagreb, Heinzelova 70, personal identification number (OIB): 58384724129, has acted in accordance with the supervisory measures, orders and recommendations referred to in points I to V of the Decision of the Croatian Financial Services Supervisory Agency CLASS: UP/I 972-05/20-02/03, REGNO: 326-01-40-41-20-46, of 23 December 2020, in the following manner: it has eliminated deficiencies relating to the provision of information to voluntary pension fund members at their retirement and to the offering of pension schemes; it has eliminated illegalities relating to internal audit of the pension company by having carried out the assessment of the adequacy of the existing internal audit processes in accordance with specificities of its business operations and by having ensured a higher level of independence in relation to the business group to which the pension company belongs; it has eliminated illegalities relating to the contractual relationship with Zagrebačka banka d.d. as its sales representative offering pension schemes by having ensured that Zagrebačka banka d.d. fulfils its obligation to verify whether persons offering pension schemes within the bank meet all the prescribed requirements and to periodically report to the pension company on the results of the verifications; and determining that the Company has acted in accordance with Hanfa’s specific supervisory measures; and terminating the regular on-site examination of the Company and of voluntary pension funds managed by the Company

6. Decision granting authorisation to Roberto Škopac to perform the function of a member of the Supervisory Board of the company CROATIA osiguranje d.d., Vatroslava Jagića 33, Zagreb, personal identification number (OIB): 26187994862, for the term of office lasting from 24 April 2022 to 24 April 2026

7. Decision granting authorisation to Hrvoje Patajac to perform the function of a member of the Supervisory Board of the company CROATIA osiguranje d.d., Vatroslava Jagića 33, Zagreb, personal identification number (OIB): 26187994862, for the term of office lasting from 24 April 2022 to 24 April 2026

8. Decision granting authorisation to conduct insurance distribution business to Antonio Židanić, founder of the insurance representation craft Agencija Zagreb, obrt za zastupanje u osiguranju, Antonio Židanić, Zagreb, Josipa Slavenskog 1

9. Decision granting authorisation to conduct insurance distribution business to the pre-company ALPHA ZASTUPANJE d.o.o. za zastupanje u osiguranju with its registered office in Beli Manastir
10. Decision determining that the company OTP Leasing d.d., Zagreb, Petrovaradinska 1, personal identification number (OIB): 23780250353, 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 973-06/20-01/04; REGNO: 326-01-50-52-521-21-6) in the following manner: it now concludes lease agreements in a clear and comprehensible manner by clearly defining in finance lease contracts concluded with a variable interest rate linked to a specific variable parameter the structure of the interest rate and the manner of adjustment with the defined variable parameter, and by clearly defining in operating lease contracts concluded with a variable lease instalment linked to a specific variable parameter the method of calculating the lease instalment and the manner of adjustment with the defined variable parameter; 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 change and objective, justifiable and demonstrable reasons for the changes, requiring the consent of the lessee for these changes; finance 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 973-06/20-01/04)
11. Decision determining that the company AGRAM LEASING d.o.o., Zagreb, Remetinečka cesta 98, personal identification number (OIB): 48922277230, has eliminated the illegalities and irregularities whose elimination was ordered by the Decision of the Croatian Financial Services Supervisory Agency of 16 September 2021 (CLASS: UP/I 973-06/21-01/06; REGNO: 326-01-50-52-521-21-5) in the following manner: it now concludes lease agreements in a clear and comprehensible manner by clearly defining in lease contracts, 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, the manner of change and objective, justifiable and demonstrable reasons for the changes, requiring the consent of the lessee for these changes; 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 16 September 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 973-06/21-01/06)
12. Decision on the compliance with the Guidelines on internalised settlement reporting under Article 7 of CSDR (ESMA 70-156-4717)