Regulatory Alerts2025-01-01
Capital Markets Act (Official Gazette, Nos. 65/18, 17/20, 83/21, 151/22, 85/24 and 126/25) – Unofficial Consolidated Text
The Croatian Financial Services Supervisory Agency (HANFA) issued this consolidated Capital Markets Act to transpose and ensure the application of key European Union Directives and Regulations governing investment firms, regulated markets, securities issuance, custody, clearing, settlement, and market abuse. The legislation establishes comprehensive authorization requirements for investment companies, market operators, and data reporting service providers while mandating strict information disclosure obligations for issuers of listed securities. Furthermore, it defines HANFA's supervisory powers, prudential oversight tools, and binding alignment procedures with European supervisory authorities to ensure regulatory consistency and operational resilience across the financial sector.