33rd Meeting

On 16 November 2023, the Board of the Croatian Financial Services Supervisory Agency held its 33rd meeting and adopted the following decisions of public interest:

1. Ordinance amending the Ordinance on determining the net asset value and the value of accounting units of voluntary pension funds
2. Ordinance amending the Ordinance on determining the net asset value and the value of accounting units of mandatory pension funds
3. Decision granting authorisation to the company ZB Invest d.o.o. za upravljanje investicijskim fondovima, OIB: 23889363045, LEI: 549300T0RFRCQ7Z21884, for the establishment and management of ZB Invest Funds – ZB bond 2027 EUR III, open-ended investment sub-fund with public offering, and to include this sub-fund into ZB Invest Funds, the umbrella UCITS fund, which includes the approval of the prospectus and rules of the sub-fund, as well as the approval for the selection of the depositary for the sub-fund – the company ZAGREBAČKA BANKA DIONIČKO DRUŠTVO, OIB: 92963223473; and granting approval to invest up to 100% of the net assets of the sub-fund ZB bond 2027 EUR III in transferable securities and money market instruments issued or guaranteed by France, Germany or Italy, and up to 50% of the net assets of this fund in transferable securities and money market instruments issued or guaranteed by Romania or Hungary
4. Decision by which the company Allianz ZB d.o.o. društvo za upravljanje obveznim i dobrovoljnim mirovinskim fondovima, Zagreb, Heinzelova 70, is issued a warning due to the increased number and longer duration of illegalities identified in the on-site supervisory procedure with regard to determining and monitoring the achievement of the strategy for investing the assets of mandatory and voluntary pension funds it manages; a warning due to irregularities in connection with the investment of pension funds’ assets in the stocks of the issuer Imperial Riviera d.d.; imposed a measure to eliminate the illegalities and irregularities established by making a more detailed division of asset classes into which the funds' assets are invested relative to the current division by classes; issued a recommendation to prescribe, improve and standardise the practice and documentation of the investment process by internal regulations relating to the investment process of the Company; issued a recommendation to prescribe, improve and standardise the practice and documentation of the investment process by internal regulations relating to the investment process of the Company with regard to making decisions on business cooperation and their documentation; issued a special supervisory measure ordering it to provide evidence of compliance with the improved internal regulations
5. Decision granting approval to Krešimir Rukavina for an extension of the deadline to directly acquire a qualifying holding in the company FARVE PRO INVEST društvo s ograničenom odgovornošću za upravljanje investicijskim fondovima, with its registered office in Zagreb, OIB: 32697869602, LEI: 747800J05BCMGODXMQ42, reaching 15.35% of the initial capital and voting rights of that company; as referred to in point 2 of the operative part of Hanfa Decision of 8 February 2023; the deadline is extended until 1 March 2024
6. Decision granting certified actuary licence to Matea Spajić from Zagreb
7. Decision granting authorisation to conduct insurance distribution business to Danijela Rezo from Jakšić, founder of the insurance representation craft AZ REZO, obrt za zastupanje osiguranju, vl. Danijela Rezo, Jakšić, Osječka 17
8. Decision granting authorisation to conduct insurance distribution business to Karlo Evdjenić from Šćitarjevo, founder of the insurance representation craft Unitis, obrt za zastupanje u osiguranju, vl. Karlo Evdjenić, Sesvete, Zagrebačka cesta 1