Based on the Article 112 (1) of the Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council, State Agency for Deposit Insurance and Bank Resolution declares:

In the year 2015 State Agency for Deposit Insurance and Bank Resolution as the Resolution Authority designated by the Act on the Resolution of Credit Institutions and Investment Firms (“Official Gazette” 15/2015) did not impose any administrative penalties to any credit institution or investment firm for infringing the national provisions related to the transpose of the Directive 2014/59/EU into the Republic of Croatia’s legal framework.