Listing Requirements: Post-listing requirements

Following the listing of a financial instrument on the regulated market, the issuer is required to disclose regulated and inside information, in accordance with the provisions of the

Capital Market Act (CMA), Regulation (EU) No 596/2014 and other regulations and the Exchange Rules. The issuer shall disclose to the public any information which is subject to the obligation of mandatory public disclosure, under the provisions of the CMA, Regulation (EU) No 596/2014 and other regulations in the content and time frame specified in such regulations. Likewise, any information which is subject to the mandatory public disclosure obligation under the Exchange Rules must be disclosed by the issuer to the public in the form, content, manner and time frame specified in the Exchange Rules and other acts of the Exchange.

Further information about disclosure requirements can be found at Croatian financial services supervisory agency .

  • Shares
  • Market Disclosure requirements
    Regular Market
    • Financial reports (annual, semi-annual, quarterly)
    • Notification of major holdings (exceeds or falls below the thresholds of 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of voting rights in an issuer of shares)
    • Acquisition/ disposal of own shares
    • Notification of changes in the rights attached to issued securities
    • Notification of total number of shares and/or voting rights
    • Corporate Governance Code (compliance questionnaire)
    • Invitation to the General Assembly and notice on the resolutions adopted by the General Assembly
    • Corporate Actions requirements (record date and etc.)
    • Home Member State notification
    • The choice of Official register of regulated information notification
    • The choice of Media for disclosure of regulated information notification
    • Managers’ Transactions
    • Public disclosure of inside information in accordance with the  Market abuse regulation (EU) No 596/2014
    Official Market
    • Obligations of the Issuer of Shares Listed on the Regular Market +
    • Management and Supervisory Board Meetings
    • Listing obligation for any new issues of shares
    • Information disclosure in both Croatian and English
    Prime Market
    • Obligations of the Issuer of Shares Listed on the Official Market +
    • Presentation of the Annual Report to interested financial analysts and representatives of the media
    • Calendar of Events
    • Information on the independent status of the supervisory board
    • Information on the independent status of the audit committee
    • Dividend Policy
    • The audit report must not contain modifications of the auditor’s opinion (qualified opinion, negative opinion or abstention from opinion)
    • the issuer shall disclose the outcome of the audit committee discussion of the threats to the independence of the statutory auditor or the audit firm or, where applicable, the group auditor and the safeguards applied to mitigate those threats and whether the audit engagement should be subject to an engagement quality control review by another statutory auditor or audit firm prior to the issuance of the audit report.
  • Debt securities
  • Market Disclosure requirements
    Regular Market
    • Financial reports (annual, semi-annual)
    • Notification of changes in the rights attached to issued securities
    • Meeting of the Holders of Debt Securities and information about the resolutions adopted at the meeting of debt securities holders
    • Corporate Actions requirements (record date and etc.)
    • Home Member State notification
    • The choice of Official register of regulated information notification
    • The choice of Media for disclosure of regulated information notification
    • Managers’ Transactions
    • Public disclosure of inside information in accordance with the  Market abuse regulation (EU) No 596/2014
    Official Market
    • Obligations of the Issuer of debt securities Listed on the Regular Market +
    • Management and Supervisory Board Meetings
     
  • Structured Products
  • Market Disclosure requirements
    Regular Market
    • Financial reports (annual)
    • Notification of changes in the rights attached to issued securities
    • Home Member State notification
    • The choice of Official register of regulated information notification
    • The choice of Media for disclosure of regulated information notification
    • Changes in characteristics of the structured products
    • Redemption price of the structured product
    • Changes in the issuer’s credit rating
    • Public disclosure of inside information in accordance with the  Market abuse regulation (EU) No 596/2014
  • Units in open-end investment funds (ETF)
  • Market Terms
    Regular Market
    • Public disclosure of inside information in accordance with the  Market abuse regulation (EU) No 596/2014 (art. 17. MAR)
    • Insider lists (art. 18. MAR)
    • Home Member State notification (art. 112. ZSE Rules)
    • The choice of Media for disclosure of regulated information notification (art. 114. ZSE Rules)
    • The open-end investment fund management company shall disclose information on the number of units issued and on the fund net asset value (NAV) per unit on each trading day. (art. 127., par. 1. ZSE Rules)
    • The management company of an ETF replicating a particular index shall disclose information on the fund indicative net asset value (iNAV) per unit every 60 (sixty) seconds during the trading day. (art. 127., par. 2. ZSE Rules)
    • The management company of an actively managed ETF shall disclose the composition of the fund’s portfolio each trading day before trading opens. (art. 127., par.3. ZSE Rules)
    • The management company shall promptly provide to the Exchange the following (art. 128. ZSE Rules);
    1. information on material changes in the prospectus, as well as changes in the fund rules and key investor information, on approval by the competent authority if such approval is necessary;
    2. semi-annual and audited annual report of the fund of the content and in the time frame laid down in the act governing the establishment and operation of open-end investment funds;
    3. any other legal and business event in relation to the management company and open-end investment fund under its management, where events likely to affect the fund operation are concerned, and any information of significance for investor protection and orderly functioning of the market.