Third quarterly capital market consultation held with representatives of Hanfa and the Ministry of Finance
Representatives of the Croatian Financial Services Supervisory Agency (Hanfa) and the Ministry of Finance participated on 1 October 2025 in the third quarterly consultation with representatives of the financial industry –one in a series of consultations held in cooperation with the Croatian Chamber of Economy (HGK). This initiative continues the good practice launched earlier this year with the goal of facilitating the exchange of views between regulators and Hanfa’s supervised entities.
The consultation began with opening remarks by Vanja Dominović, Head Financial Institutions and Macroeconomic Analyses Division at HGK, who emphasized the importance of regular quarterly consultations on the capital market as a forum for dialogue and exchange of opinions between regulators and capital market stakeholders. Ana Zorić, Head of Directorate for Economic Affairs and Financial System at the Ministry of Finance, informed participants about the recent signing of a Memorandum of Understanding on cooperation aimed at developing capital markets, held in Zagreb. The event gathered representatives from eight countries and it aims to foster joint development of national capital markets of the participating countries through closer cooperation and regulatory alignment; the ultimate goal is to enhance liquidity and create stronger, more visible, efficient, and competitive capital markets.
Hanfa representatives Sandra Opačić, Head of Regulatory Harmonisation and International Cooperation Division, and Katica Mandić, Head of Capital Market Supervision Division, provided feedback on the questions and proposals raised by members of the Investment and Pension Funds Association, the Capital Market Group, and the Issuers’ Association, while Karlo Nikolovski, Supervision and Analysis Specialist – Team Coordinator at Hanfa’s Capital Market Supervision Division, presented the Guidelines on the redemption of own shares.
Representatives of FINA Gordana Soldo, Advisor to the Management Board, and Andreja Kajtaz, Head of Digital Solutions Division, presented FINA’s digital service as a potential tool for remote identification (digital onboarding), with the goal of simplifying and automating processes in the capital market. Stjepko Čičak, Member of the Management Board of the Central Depository & Clearing Company (SKDD), spoke about the recent improvements related to the functionality of the automated voice system.
The consultation also addressed opportunities for regulatory simplification, open questions regarding the implementation of legislative and regulatory provisions, upcoming financial sector regulations, and the implementation of activities under the Strategic Framework for the Development of the Capital Market in the Republic of Croatia 2025–2030 and the Action Plan for the period 2025–2026.
During the discussion, participants also highlighted the importance of financial literacy and the need to emphasize the opportunities that the capital market offers to both citizens and entrepreneurs. HGK continues its efforts to strengthen citizens’ financial literacy and has also launched a series of educational programs for entrepreneurs focused on financing growth and development through the capital market.
Photo: HGK
