Macesic & Partners updates

Banking regulation in Croatia – an overview
Macesic & Partners
  • Banking
  • Croatia
  • 27 March 2020

This article provides an overview of banking regulation in Croatia, including which authorities govern banking regulation and what the central bank's role is therein, the type of licence required to conduct banking services and what the application process is like, the forms of bank which can operate in Croatia and how are they regulated and how the Croatian regulatory regime distinguishes between different forms of bank.

PSD2: business as usual or revolutionary framework?
Macesic & Partners
  • Banking
  • Croatia
  • 11 May 2018

The EU Payment Services Directive (PSD2) aims to enhance competition in otherwise traditional and closed industries. A draft of the new Payment System Act, transposing PSD2, was recently released for public consultation. The draft defines the information that banks must forward to third parties for each category of payment services and sets limits on forwarding more information than is expressly requested from a bank.

GDPR implementation grows nearer: will Croatia be ready?
Macesic & Partners
  • Tech, Data, Telecoms & Media
  • Croatia
  • 27 February 2018

The European Commission's recent communication shows that only two member states have adopted the national legislation required to implement the EU General Data Protection Regulation. Others, Croatia included, are at different stages of the process. To meet the May 25 2018 deadline, Croatia should promptly address its national approach to open issues – in particular, its policies surrounding administrative fines.

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