Regulatory Alerts2020-12-17
Guidelines on the Disclosure of Information Regarding Pre-Bankruptcy Proceedings
The Croatian Financial Services Supervisory Agency (Hanfa) issued these Guidelines to standardize how listed issuers disclose inside information related to pre-bankruptcy proceedings under the Capital Markets Act and Market Abuse Regulation. The document mandates that issuers actively assess whether pre-bankruptcy proposals, restructuring plans, or court rulings constitute inside information and publish them promptly on designated platforms to ensure market transparency and equal investor access. By aligning corporate restructuring disclosures with existing capital market rules, the Guidelines reduce speculative reporting and prevent extraordinary share transfers to lower market segments.
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