Aggregated News From Investment Management Regulators

the company FALCON BROKERI d.o.o. discontinues its business operations


Please complete the required fields.

Published: 25 June 2020

At the meeting held today, the Board of the Croatian Financial Services Supervisory Agency (HANFA) adopted a decision revoking the authorisation to conduct business issued to the company FALCON BROKERI d.o.o, from Zagreb, at the company’s request, and ordering the company to deactivate its website.

The company FALCON BROKERI d.o.o. informed HANFA of its intention to cease performing investment services and activities and informed its clients thereof. The company paid out the majority of the clients’ funds and provided HANFA with a list of the remaining persons who were not disbursed due to unavailability. After the termination of operations as an investment firm, the company will continue to operate as another company and undertakes to make payments to the remaining clients as legal successor.

Consequently, HANFA issued a decision revoking the company’s authorisation for the provision of investment services and related activities and ordering it to immediately upon receipt of the decision, and no later than within eight days, deactivate the website at

In addition, at today’s meeting a decision was issued approving Mario Martinović and Lina Paurević to directly acquire a qualifying holding (representing a share of 17% for each) in the factoring company ESC Factoring d.o.o., from Zagreb.

After the acquisition, the company’s ownership structure will be composed of Hrvoje Turkalj with 49%, Mario Martinović with 17%, Lina Paurević with 17%, Ivan Jurišić with 12% and Dražen Jakšić with 5% share in the share capital and voting rights of the company ESC factoring d.o.o.

Furthermore, a decision was issued granting authorisation to Sanja Osojnik to perform the function of a member of the management board of the leasing company AGRAM LEASING d.o.o. from Zagreb, and a decision determining that the licence to conduct insurance distribution activities issued to Barbara Boronić Nikić, co-owner of the insurance representation craft UNA zastupanje u osiguranju, joint craft, owned by Dubravka Davutović and Barbara Boronić Nikić, ceased to be valid.

Regulator Information

Abbreviation: HANFA
Jurisdiction: Croatia

Recent Articles

SEC Seeks Emergency Relief to Ensure Binance.US Customers’ Assets are Protected

The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefi | HOME

The Ombudsman will listen to your inquiries, complaints, and issues, review the information you provide, and help identify procedures, options, and resources.

SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency

Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program. The Securities and Exchange Commission today charged Coinbase, Inc.

ESMA publishes follow-up report to the peer review on the Guidelines on ETFs and other UCITS issues

See the content published by the European Securities and Markets Authority (ESMA) here: Read more

Get the latest from Regulatory.News in your inbox!