HANFA to Remove over 800 Regulated Businesses from Registers due to Brexit

Total Croatia News

HANFA LinkedIn
HANFA LinkedIn

HANFA LinkedIn

ZAGREB, Dec 29, 2020 – The Croatian Financial Services Supervisory Agency (HANFA) said on Tuesday that it would remove fmore than 800 registered regulated businesses from the UK and Gibraltar rom its registers due to Brexit.

According to a statement from HANFA, as of 1 January 2021 the United Kingdom of Great Britain and Northern Ireland is considered to be a third country in relation to the EU, which is why changes will occur in HANFA’s registers  regarding providers of financial services from the UK and Gibraltar.

“On 1 January 2021 HANFA will remove more than 800 registered regulated entities based in the UK and Gibraltar from its registers, which until then were authorised to provide services and/or perform activities in Croatia based on the EU passport, as well as 57 notified alternative investment funds,” HANFA said.

The businesses in question provide investment services and perform investment activities, manage funds, provide (re)insurance services and distribute insurance products.

A complete list of these companies is available at HANFA’s web site.

There are no businesses from the UK or Gibraltar that provide services in Croatia through a branch office so HANFA will not need to update those registers.

HANFA recalls that on December 24 the European Commission and the UK reached an agreement regulating their future cooperation.

The EU-UK Trade and Cooperation Agreement covers three areas – an agreement on free trade, partnership in protection of citizens’ rights, and an agreement on governance.


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