Regulatory Alerts2018-12-20
SRPI - Explanation of Certain Categories
The Croatian Financial Services Agency and Zagreb Stock Exchange classify issuer disclosures into six SRPI categories to standardize public and regulatory reporting. The framework mandates precise categorization of general meeting notices, corporate governance updates, financial indicators, and privileged information aligned with Article 7 of the Market Abuse Regulation. Issuers must route non-privileged internal submissions directly to the Agency while ensuring all material price-sensitive data is publicly disclosed within the designated categories.
SRPI - Category: Information Provided (for Share Issuers) General Meeting – Notices of Convening, Counter-Proposals and Decisions Explanation: covers all notices related to the holding of the general meeting
- Notice of convening a general meeting
- Additions to the agenda
- Notice of non-holding of a general meeting
- Shareholders' counter-proposals
- Notice of the holding of a general meeting
- Minutes from the held general meeting …all other documents relating to the holding of a general meeting and decisions of the general meeting
Other Information Not Prescribed by Regulations Explanation: refers to notices that are publicly published, e.g., pursuant to the Act on Business Companies, the Act on the Takeover of Joint-Stock Companies, and the Rules of the Zagreb Stock Exchange, etc.
- Corporate Governance Code – annual questionnaire
- Calendar of corporate actions
- Notice (invitation) for the holding of management or supervisory board meetings
- Notice regarding a held meeting of the management or supervisory board and decisions made (if privileged information was discussed, publication is handled in the "Privileged Information" category)
- Business results announcement
- Presentation of business results
- Notice regarding the holding of investor meetings
- NAV (for funds)
Other Prescribed Information Explanation: other prescribed information that has not been submitted to another category of prescribed information
- share buyback program
- guarantees (announcements regarding the issuance of guarantees, granting of guarantees, receiving of guarantees)
- decision on the withdrawal of shares from listing on a regulated market
- financial information that is not financial statements (e.g., financial indicators, forecasts, etc.)
Privileged Information Explanation: privileged information as prescribed by Article 7 of the Market Abuse Regulation Art. 7(1) of the Market Abuse Regulation: …privileged information includes the following types of information: a) precise information that has not been published and which relates directly or indirectly to one or more issuers or to one or more financial instruments, and which, if published, would likely have a significant effect on the prices of those financial instruments or on the prices of related derivative financial instruments; b) for persons responsible for executing orders relating to financial instruments, it also means information transmitted by a client and relating to the execution of client orders in connection with financial instruments, which is precise in nature, relates directly or indirectly to one or more issuers or to one or more financial instruments, and which, if published, would likely have a significant effect on the prices of those
financial instruments, prices of related commodity spot contracts or on the prices of related derivative financial instruments.
Other Information for Submission to the Agency Note: this category is not visible to the public but only to the Agency Explanation: all notices that issuers submit to the Agency, but are not for public disclosure
- responses to inquiries from the Zagreb Stock Exchange that do not contain privileged information
- statements to the Agency that do not contain privileged information
- consolidated text of the Statute …all other documents submitted solely for review by the Agency