Regulatory Alerts2022-12-22
Guidelines on the Presentation of Data on Main Activities and Basic Business and Financial Position Information
The Croatian Financial Services Supervisory Agency (Hanfa) issued these Guidelines to standardize how offerors present data on main activities and basic business and financial position information in takeover offers. The document mandates that offerors highlight revenue-generating activities, utilize individual or consolidated financial statements, and present key metrics in a recommended tabular format covering income statements, balance sheets, cash flows, and equity changes. Effective 1 January 2023, these Guidelines replace the 2019 version and require clear labeling of audited versus unaudited data to ensure target company shareholders receive sufficient information for informed takeover decisions.
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