Regulatory Alerts2020-12-17
Guidelines for the Presentation of Alternative Performance Measures
The Croatian Financial Services Supervisory Agency (Hanfa) issued these Guidelines to standardize how issuers and prospectus-responsible persons present alternative performance measures (APMs) in financial reports, prospectuses, and public disclosures. The document mandates clear definitions, reconciliation with basic financial statements, normalisation of one-off items, comparative data, and consistent application across all reporting periods. By aligning with ESMA's 2015 framework, the Guidelines ensure that APMs are comparable, reliable, and transparent, thereby enabling investors to make better-informed investment decisions.
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