Capital Market Act

1. Capital Market Act (Official Gazette, No 65/18) (available in Croatian only)

2.  Capital Market Act (Official Gazette 88/08)

  • Corrigendum to the Capital Market Act (Official Gazette 146/08)
  • Act on Amendments to the Capital Market Act (Official Gazette 74/09)
  • Act on Amendments to the Capital Market Act (Official Gazette 54/13) (Available in Croatian only)
  • Act on Amendments to the Capital Market Act (Official Gazette 159/13) (Available in Croatian only)
  • Act on Amendments to the Capital Market Act (Official Gazette 18/15) (Available in Croatian only)
  • Act on Amendments to the Capital Market Act (Official Gazette 110/15) (Available in Croatian only)
  • Decree on Amendments to the Capital Market Act (Official Gazette 123/16) (Available in Croatian only)
  • Decree on Amendments to the Capital Market Act (Official Gazette 131/17) (Available in Croatian only)

Opinions

  1. Opinion on the application of the provisions of Articles 93 to 99 of the Capital Market Act, relating to tied agents (Available in Croatian only)
  2. Decision on audited reports on capital adequacy of investment firms (Available in Croatian only)
  3. Opinion on delivering audited reports on the adequacy of measures referred to in Article 42 of the Capital Market Act and audited reports on capital adequacy to the Agency (Available in Croatian only)
  4. Opinion on the application of the provision of Article 116 paragraph 8 of the Capital Market Act (Available in Croatian only)

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Ordinances

Investments firms

  1. Ordinance on the structure and content of annual financial statements of investment firms (Official Gazette 118/17) (Available in Croatian only)
  2. Ordinance on the structure and content of annual financial statements of investment firms (Official Gazette 39/16) (Available in Croatian only)
    • Instruction for applying the chart of accounts for investment firms (Available in Croatian only)
  3. Ordinance on the educational programme and examination taken by candidates for certified pension fund managers, certified pension insurance company managers, brokers and investment advisers (Official Gazette 133/15) (Available in Croatian only)
  4. Ordinance on the implementation of Commission Implementing Regulation (EU) No 680/2014 (Official Gazette 109/14, The Ordinance shall apply for the first time for Report on capital adequacy as at 30 September 2014) (Available in Croatian only)
    • Ordinance amending the Ordinance on the implementation of Commission Implementing Regulation (EU) No 680/2014 (Official Gazette 52/15) (Available in Croatian only)
  5. Ordinance on additional activities of investment firms (Official Gazette 98/14) (Available in Croatian only)
  6. Ordinance on investment firms’ risk and capital adequacy management (Official Gazette 31/14) (Available in Croatian only)
  7. Ordinance on organisational requirements for the provision of investment services and performance of investment activities and ancillary services, on remuneration policies and on criteria for significant investment firms (Official Gazette 31/14) (Available in Croatian only)
  8. Ordinance on the conditions for performing the function a member of the management board of an investment firm (Official Gazette 31/14) (Available in Croatian only)
  9. Ordinance on investment firms’ liquidity risk management (Official Gazette 31/14) (Available in Croatian only)
  10. Ordinance on the content of application for granting an operating licence to investment firm and conditions for granting an operating licence to brokers and investment advisors (Official Gazette 117/13) (Available in Croatian only)
  11. Ordinance on granting authorisation to tied agents (Official Gazette 117/13) (Available in Croatian only)
  12. Ordinance on business conduct rules for investment firms when providing investment and ancillary services (Official Gazette 42/13) (Available in Croatian only)
  13. Ordinance on supervisory reports for legal persons authorised to provide investment services and perform investment activities (Official Gazette 30/11)
    • Ordinance amending the Ordinance on supervisory reports for legal persons authorised to provide investment services and perform investment activities (Official Gazette 30/13) (Available in Croatian only)
    • Ordinance amending the Ordinance on supervisory reports for legal persons authorised to provide investment services and perform investment activities (Official Gazette 140/15) (Available in Croatian only)
    • Ordinance amending the Ordinance on supervisory reports for legal persons authorised to provide investment services and perform investment activities (Official Gazette 5/18) (Available in Croatian only)
    • Instructions for the completion of supervisory reports for investment firms authorised to provide investment services and perform investment activities: Forms: TR, NS, UI, PP, ZK and UP (Available in Croatian only)
  14. Ordinance on the content, form and manner of maintaining the register of persons authorized to provide investment services and perform investment activities (Official Gazette 5/09)
  15. Ordinance on the list of documents required for the assessment of the application for granting approval for the acquisition of a qualifying holding (Official Gazette 5/09)
  16. Ordinance on obligations of an investment firm regarding best execution of client orders (Official Gazette 5/09)

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Investor Protection Fund

  1. Ordinance on the structure and contents of semi-annual and annual financial reports of the Investor Protection Fund (Official Gazette 41/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on the structure and contents of semi-annual and annual financial reports of the Investor Protection Fund (Official Gazette 128/17) (Available in Croatian only)
  2. Ordinance on the calculation, methods and time frames for the payment of regular contributions by members of the Investor Protection Fund (Official Gazette 81/09)

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Trading venues

  1. Ordinance on the structure and contents of annual financial reports of the stock exchange (Official Gazette 41/16) (Available in Croatian only)
    • Ordinance amending the Ordinance on the structure and contents of annual financial reports of the stock exchange (Official Gazette 2/17) (Available in Croatian only)
    • Ordinance amending the Ordinance on the structure and contents of annual financial reports of the stock exchange (Official Gazette 128/17) (Available in Croatian only)
  2. Ordinance on the conditions for performing the function and on the procedure for granting approval for the position of a member of the management board of the stock exchange (Official Gazette 32/14) (Available in Croatian only)
  3. Ordinance on the form, content, deadlines and manner of submitting reports on transactions and trading in financial instruments executed on the regulated market managed by the stock exchange (Official Gazette 155/13) (Available in Croatian only)
  4. Ordinance on the content of the application and documents for granting authorisation to the stock exchange (Official Gazette 117/13) (Available in Croatian only)
  5. Ordinance amending the Ordinance on the content of the application and documents for granting authorisation to the stock exchange (Official Gazette 32/14) (Available in Croatian only)
  6. Ordinance on the type of admitted financial instruments and value of transactions subject to the obligation to report OTC transactions to the stock exchange (Official Gazette 85/13) (Available in Croatian only)
  7. Ordinance on the list of documents required for the assessment of the application for granting approval for the acquisition of a qualifying holding (Official Gazette 5/09)

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Depository, clearing and settlement

Central Depository

  1. Ordinance on the manner of obtaining data, the content of reports and deadlines for the submission of data from the central depository (Official Gazette 107/2019) (Available in Croatian only)
  2. Ordinance on the structure, content, manner and deadlines for submission of annual financial statements and audit reports, financial statements for periods during the year and the application of the chart of accounts for the Central Securities Depository (Official Gazette 91/2019) (Available in Croatian only)
  3. Ordinance on periodic, statistical and capital reporting by the central securities depository and reporting by the central securities depository from another Member State (Official Gazette 91/2019) (Available in Croatian only)

    • Ordinance amending the Ordinance on periodic, statistical and capital reporting by the Central Securities Depository and reporting by the Central Securities Depository from another Member State (Official Gazette 144/2021) (Available in Croatian only)

  4. Ordinance on the structure, content, manner and deadlines for submission of reports in the case of an exception to the obligation to subscribe for dematerialized securities with the central depository or other register prescribed by a special law (Official Gazette 106/2020) (Available in Croatian only)

  5. Ordinance on organizational requirements for a settlement system operator, and minimum standards applicable to the risk management system and information system of that operator (Official Gazette 7/2021) (Available in Croatian only)

  6. Ordinance on issuing approvals for the appointment of members of the Management Board and for the acquisition of qualified or controlling interests and criteria for assessing the suitability of members of the Supervisory Board, holders of key functions and senior management (Official Gazette 36/2021) (Available in Croatian only)

Central counterparty

  1. Ordinance on the recovery plan, materiality criteria and trend indicators that indicate the impossibility of continuous fulfillment of working conditions and the allocation of significant activities and processes of the CCP (Official Gazette 77/2019) (Available in Croatian only)
    Note: the provisions of this Ordinance governing the preparation, content and delivery of the CCP's recovery plan, adopted in accordance with Article 555 (6) of the Capital Market Act, ceased to be valid on 12 February, when the provisions of the Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a framework for the recovery and rehabilitation of CCPs and amending Regulations (EU) 1095/2010, (EU) 648/2012, (EU) 600/2014, (EU) 806/2014 and (EU) 2015/2365 and Directive 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (OJ L 22, 22.1.2021.) became applicable

  2. Ordinance on the content, format and manner of submission of applications for the issuance of approvals for the operation of the CCP (Official Gazette 77/2019) (Available in Croatian only)

  3. Ordinance on the structure, content, manner and deadlines for the submission of annual financial statements and audit reports and the application of the chart of accounts for CCPs (Official Gazette 77/2019) (Available in Croatian only)
    • Instructions for the application of the chart of accounts for CCPs (SDUS)

  4. Ordinance on supervisory reports of the CCP (Official Gazette 82/2019) (Available in Croatian only)
    • Ordinance amending the Ordinance on supervisory reports of the CCP (Official Gazette 144/2021) (Available in Croatian only)

  5. Ordinance on issuing approvals for the appointment of members of the Management Board and for the acquisition of qualified or controlling interests and criteria for assessing the suitability of members of the Supervisory Board, holders of key functions and senior management (Official Gazette 36/2021) (Available in Croatian only)“

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Issuer transparency

  • Ordinance on the contents and structure of issuers’ annual report and on the form and manner of its submission to the Croatian Financial Services Supervisory Agency (Official Gazette, No 114/18) (available in Croatian only)
  • Ordinance on the contents and structure of issuers’ interim reports and on the form and manner of their submission to the Croatian Financial Services Supervisory Agency (Official Gazette, No 114/18) (available in Croatian only)

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Officially appointed mechanism for the central storage of regulated information

  • Ordinance on maintaining the Officially Appointed Mechanism for the Central Storage of Regulated Information (Official Gazette, No 114/18) (available in Croatian only)
  • Ordinance on the contents, form and manner of submitting regulated information to the Croatian Financial Services Supervisory Agency and to the Officially Appointed Mechanism for the Central Storage of Regulated Information (Official Gazette, No 114/18) (available in Croatian only)

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Corporate governance

  1. Ordinance on information that needs to be submitted by issuers whose securities are admitted to trading on a regulated market in the Republic of Croatia to the Croatian Financial Services Supervisory Agency, and on the form, time limits and manner of its submission (Official Gazette 66/14) (Available in Croatian only)
  2. Corporate Governance Code

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Market abuse

  1. Ordinance on disclosure of inside information which directly concerns the issuer and on determining the legitimate interests of the issuer for the delay in disclosure (Official Gazette 5/09)

    • Ordinance amending the Ordinance on disclosure of inside information which directly concerns the issuer and on determining the legitimate interests of the issuer for the delay in disclosure (Official Gazette 85/13) (Available in Croatian only)
  2. Instruction on the form and contents of public disclosures of inside information pursuant to the Capital Market Act (Available in Croatian only)
  3. Guidelines for issuers of municipal bonds (Available in Croatian only)
  4. Ordinance on manipulation and obligation of informing on suspicion of market abuse (Official Gazette 5/09)
  5. Ordinance on accepted market practices (Official Gazette 5/09)

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Prospectuses

  1. Ordinance on the abolishment of the Ordinance on the form, type and number of copies of mandatory attachments to the application for the approval of the prospectus and on mandatory content of the application (Official Gazette No 67/16) (Available in Croatian only)

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Short selling

  1. The Act implementing Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (Official Gazette 54/13) (Available in Croatian only)
  2. European Securities And Markets Authority decision of 16 March 2020

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European Market Infrastructure Regulation - EMIR

  1. The Act implementing Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (Official Gazette 54/13)
  2. Decision on the method of notification in accordance with Regulation (EU) Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, CCPs and the trade repository (Available in Croatian only)
  3. Decision on the documentation to be attached to the notification of the intention to apply the intragroup exemption from the settlement obligation referred to in Article 4 (2) of Regulation (EU) 648/2012 (Available in Croatian only)
  4. Decision on the manner and form of notification of disputes between the contracting parties within the meaning of Article 15 (2) of Regulation (EU) 149/2013 (Available in Croatian only)
  5. Commission Delegated Regulation (EU) 2016/2251 of 4 October 2016 amending Regulation (EU) 182/2011 Regulation (EU) 648/2012 of the European Parliament and of the Council on OTC derivatives, CCPs and the trade repository on regulatory technical standards for risk mitigation techniques for OTC derivative contracts not settled by the CCP
  6. Decision on the documentation to be attached to the notification of the intention to apply the intragroup exemption from the collateral exchange obligation referred to in Article 11 (7) and (9) of Regulation (EU) 648/2012, with the request for approval of the intention to apply the intragroup exemption from the obligation to exchange collateral referred to in Article 11, paragraphs 6, 8 and 10 of Regulation (EU) 648/2012 (Available in Croatian only)
  7. Decision on the documentation to be attached to the notification of the intention to apply the exemption from the reporting obligation referred to in Article 9(1) of Regulation (EU) 648/2012 for intragroup transactions (Available in Croatian only)
  8. The list of members of the SKDD-CCP college referred to in Article 18 of EMIR established on 16 August 2021:
    1. Hanfa, as the competent authority of the CCP in accordance with Article 18 (2) points (b), (d) and (f) of EMIR
    2. ESMA (the Chair or any independent member of the CCP Supervisory Committee referred to in Article 24.a (2) points (a) and (b) of EMIR), in accordance with Article 18 (2) point (a) of EMIR
    3. the Croatian National Bank, in accordance with Article 18 (2) points (c) and (h) of EMIR, and
    4. the European Central Bank, in accordance with Article 18 (2)point (c) of EMIR.

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CSDR

  1. The Act implementing Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (Official Gazette 44/16) (Available in Croatian only)
  2. Decision on additional documentation to be attached to the information that the applicant CSD shall submit as a part of the application for authorization under Article 17 of Regulation (EU) No 909/2014 or as a part of the application for extension of the authorization under Article 19 of Regulation (EU) No 909/2014 (Available in Croatian only)
  3. Ordinance on settlement fails and internalized settlement reporting (Official Gazette 47/18) (Available in Croatian only)
    • Ordinance on amendments to the Ordinance on reporting on failed settlements and on internalized settlement (Official Gazette 13/2022) (Available in Croatian only)
  4. Ordinance on reporting of possible or actual infringements of the Regulation (EU) No 909/2014 (Official Gazette 47/18) (Available in Croatian only)

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SFTR

  1. The Act implementing Regulation (EU) 2015/2365 on transparency of securities financing transactions and of reuse (Official Gazette 12/18) (Available in Croatian only)

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Guidelines

  1. Guidelines on carrying out the audit of supervised entities' information systems by audit firms (Available in Croatian only)
  2. Guidelines on adequate management of risks pertaining to supervised entities' information systems (Available in Croatian only)
  3. Guidelines for the preparation and disclosure for ESG relevant issuer information

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Act on Resolution of Credit Institutions and Investment Firms

  1. Act on Resolution of Credit Institutions and Investment Firms (Official Gazette 19/15) (Available in Croatian only)

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Act on Settlement Finality in Payment and Financial Instruments Settlement Systems

  1. Act on Settlement Finality in Payment and Financial Instruments Settlement Systems (Official Gazette 59/12) (Available in Croatian only)
  2. Act on Amendments to the Act on Settlement Finality in Payment and Financial Instruments Settlement Systems (Official Gazette 44/16) (Available in Croatian only)

All Croatian regulations related to the Capital Market Act are available here.

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Act Implementing Regulation (EU) 2020/1503 on European crowdfunding service providers (Official Gazette, No 144/21)

  1. Act Implementing Regulation (EU) 2020/1503 on European crowdfunding service providers (Official Gazette, No 144/21)
  2. Guidelines on marketing communication relating to crowdfunding services

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Adopted EU regulation

Markets in Financial Instruments Regulation - MiFIR

  1. Commission Delegated Regulation (EU) 2016/592 of 1 March 2016 supplementing Regulation (EU) No 648/2012 of the European Parilament and of the Council with regard to regulatory technical standards on the clearing obligation
  2. Regulation (EU) No 600/2014 of the European Parliament and of the Councilof 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (Text with EEA relevance)

Bank Recovery and Resolution Directive - BRRD

  1. Commission Delegated Regulation (eu) 2016/1450 of 23 May 2016 supplementing directive 2014/59/EU of the european parliament and of the council with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities (text with EEA relevance
  2. Commission Delegated Regulation (EU) 2016/1401 of 23 May 2016 supplementing Directive 2014/59/EU of the European parliament and of the council establishing a framework for the recovery and resolution of credit institutions and investment firms with regard to regulatory technical standards for methodologies and principles on the valuation of liabilities arising from derivatives (text with EEA relevance)
  3. Commission Delegated Regulation (EU) 2016/1075 of 23 March 2016 supplementing directive 2014/59/EU of the European parltime and of the council with regard to regulatory technical standards specifying the content of recovery plans, resolution plans and group resolution plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the conditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges (text with EEA relevance)
  4. Commission Delegated Regulation (EU) 2016/860 of 4 Februar 2016 specifying further the circumstances where exclusion from the application of write-down or conversion powers is necessary under article 44(3) of Directive 2014/59/EU of the European parliament and of the council establishing a framework for the recovery and resolution of creditinstitutions and investment firms
  5. Council Implementing Regulation (EU) 2015/81 of 19 December 2014 specifying uniform conditions of application of Regulation (EU) No 806/2014 of the European Parliament and of the Council with regard to ex ante contributions to the Single Resolution Fund
  6. Commission Delegated Regulation (EU) 2015/63 of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements

Capital requirements regulation and directive - CRD IV/CRR

  1. Commission Delegated Regulation (eu) 2016/861 of 18 February 2016 correcting commission delegated regulation (EU) no 528/2014 supplementing regulation (EU) no 575/2013 of the european parliament and of the council with regard to regulatory technical standards for non-delta risk of options in the standardised market risk approach and correcting commission delegated regulation (EU) no 604/2014 supplementing directive 2013/36/EU of the European parliament and of the council with regard to regulatory technical standards with respect to qualitative and appropriate quantitative criteria to identify categories of staff whose professional activities have a material impact on an institution's risk profile (text with EEA relevance)
  2. Commission Delegated Regulation (EU) 2016/101 of 26 October 2015 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for prudent valuation under Article 105(14) (Text with EEA relevance)
  3. Commission Delegated Regulation (EU) 2015/923 of 11 March 2015 amending Delegated Regulation (EU) No 241/2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for own funds requirements for institutions (Text with EEA relevance)
  4. Commission Delegated Regulation (EU) 2015/62 of 10 October 2014 amending Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to the leverage ratio (Text with EEA relevance)
  5. Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance)
  6. Commission Delegated Regulation (EU) No 241/2014 of 7 January 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions (Text with EEA relevance)
  7. Commission Implementing Regulation (EU) No 1423/2013 of 20 December 2013 laying down implementing technical standards with regard to disclosure of own funds requirements for institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance)
  8. Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Text with EEA relevance)

Transparency

  1. Commission Delegated Regulation (EU) 2018/815 of 17 December 2018 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regard to regulatory technical standards on the specification of a single electronic reporting format (Text with EEA relevance)
  2. Commission Delegated Regulation (EU) 2016/1437 of 19 May 2016 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regard to regulatory technical standards on access to regulated information at Union level (Text with EEA relevance)
  3. Commission Delegated Regulation (EU) 2015/761 of 17 December 2014 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regard to certain regulatory technical standards on major holdings (Text with EEA relevance)
  4. Commission Implementing Decision (EU) 2016/1910 of 28 October 2016 on the equivalence of the reporting requirements of certain third countries on payments to governments to the requirements of Chapter 10 of Directive 2013/34/EU of the European Parliament and of the Council (Text with EEA relevance)
  5. Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards
  6. Commission Regulation (EC) No 1569/2007 of 21 December 2007 establishing a mechanism for the determination of equivalence of accounting standards applied by third country issuers of securities pursuant to Directives 2003/71/EC and 2004/109/EC of the European Parliament and of the Council
  7. Commission Decision of 12 December 2008 on the use by third countries' issuers of securities of certain third country's national accounting standards and International Financial Reporting Standards to prepare their consolidated financial statements (notified under document number C(2008) 8218), (Text with EEA relevance), (2008/961/EC)
  8. Commission Recommendation of 11 October 2007 on the electronic network of officially appointed mechanisms for the central storage of regulated information referred to in Directive 2004/109/EC of the European Parliament and of the Council (notified under document number C(2007) 4607), (Text with EEA relevance), (2007/657/EC)

Market abuse

  1. Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments (Text with EEA relevance)
  2. Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC Text with EEA relevance

Prospectus

  1. Commission Delegated Regulation (EU) 2020/1272 of 4 June 2020 amending and correcting Delegated Regulation (EU) 2019/979 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council with regard to regulatory technical standards on key financial information in the summary of a prospectus, the publication and classification of prospectuses, advertisements for securities, supplements to a prospectus, and the notification portal (Text with EEA relevance)
  2. Commission Delegated Regulation (EU) 2020/1273 of 4 June 2020 amending and correcting Delegated Regulation (EU) 2019/980 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the format, content, scrutiny and approval of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (Text with EEA relevance)
  3. REGULATION (EU) 2019/2115 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 27 November 2019 amending Directive 2014/65/EU and Regulations (EU) No 596/2014 and (EU) 2017/1129 as regards the promotion of the use of SME growth markets (Text with EEA relevance)

  4. COMMISSION DELEGATED REGULATION (EU) 2019/979 of 14 March 2019 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council with regard to regulatory technical standards on key financial information in the summary of a prospectus, the publication and classification of prospectuses, advertisements for securities, supplements to a prospectus, and the notification portal, and repealing Commission Delegated Regulation (EU) No 382/2014 and Commission Delegated Regulation (EU) 2016/301 (Text with EEA relevance)

  5. COMMISSION DELEGATED REGULATION (EU) 2019/980 of 14 March 2019 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the format, content, scrutiny and approval of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Commission Regulation (EC) No 809/2004(Text with EEA relevance)

  6. Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (Text with EEA relevance)

European Market Infrastructure Regulation - EMIR

  1. Regulation (EU) 2016/1033 of the European parliament and of the council of 23 June 2016 amending regulation (EU) no 600/2014 on Markets infinancial instruments, regulation (EU) no 596/2014 on Market abuse and regulation (eu) no 909/2014 on improving securities settlement in the European union and on central securities depositories(text with EEA relevance)
  2. Commission Delegated Regulation (EU) 2015/2205 of 6 August 2015 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on the clearing obligation (Text with EEA relevance)
  3. Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)
  4. Commission Implementing Regulation (EU) No 484/2014 of 12 May 2014 laying down implementing technical standards with regard to the hypothetical capital of a central counterparty according to Regulation (EU) No 648/2012 of the European Parliament and of the Council (Text with EEA relevance)
  5. Commission Delegated Regulation (EU) No 667/2014 of 13 March 2014 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to rules of procedure for penalties imposed on trade repositories by the European Securities and Markets Authority including rules on the right of defence and temporal provisions Text with EEA relevance
  6. Commission Delegated Regulation (EU) No 285/2014 of 13 February 2014 supplementing Regulation (EU) No 648/2012 of the European Parlament and of the Council with regard to regulatory technical standards on direct, substantial and foreseeable effect of contracts within the Union and to prevent the evasion of rules and obligations (Text with EEA relevance)
  7. Commission Delegated Regulation (EU) No 1002/2013 of 12 July 2013 amending Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to the list of exempted entities (Text with EEA relevance)
  8. Commission Delegated Regulation (EU) No 876/2013 of 28 May 2013 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on colleges for central counterparties (Text with EEA relevance)
  9. Commission Implementing Regulation (EU) No 1247/2012 of 19 December 2012 laying down implementing technical standards with regard to the format and frequency of trade reports to trade repositories according to Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)
  10. Commission Implementing Regulation (EU) No 1248/2012 of 19 December 2012 laying down implementing technical standards with regard to the format of applications for registration of trade repositories according to Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)
  11. Commission Implementing Regulation (EU) No 1249/2012 of 19 December 2012 laying down implementing technical standards with regard to the format of the records to be maintained by central counterparties according to Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)
  12. Commission Delegated Regulation (EU) No 148/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards on the minimum details of the data to be reported to trade repositories (Text with EEA relevance)
  13. Commission Delegated Regulation (EU) No 149/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on indirect clearing arrangements, the clearing obligation, the public register, access to a trading venue, non-financial counterparties, and risk mitigation techniques for OTC derivatives contracts not cleared by a CCP (Text with EEA relevance)
  14. Commission Delegated Regulation (EU) No 150/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards specifying the details of the application for registration as a trade repository (Text with EEA relevance)
  15. Commission Delegated Regulation (EU) No 151/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories, with regard to regulatory technical standards specifying the data to be published and made available by trade repositories and operational standards for aggregating, comparing and accessing the data (Text with EEA relevance)
  16. Commission Delegated Regulation (EU) No 152/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on capital requirements for central counterparties (Text with EEA relevance)
  17. Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance)
  18. Commission Implementing Regulation (EU) 2017/105 of 19 October 2016 amending Implementing Regulation (EU) No 1247/2012 laying down implementing technical standards with regard to the format and frequency of trade reports to trade repositories according to Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)
  19. Commision Delegated Regulation (EU) 2017/104 of 19 October 2016 amending Delegated Regulation (EU) No 148/2013 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards on the minimum details of the data to be reported to trade repositories (Text with EEA relevance)

Regulation on the Framework for the Recovery and Resolution of CCPs - CCP RRR

  1. Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (Text with EEA relevance)

Markets in Financial Instruments Directive - MiFID

  1. Commission Regulation (EC) No 1287/2006 of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards record-keeping obligations for investment firms, transaction reporting, market transparency, admission of financial instruments to trading, and defined terms for the purposes of that Directive (Text with EEA relevance)

Short selling

  1. Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (Text with EEA relevance)
  2. Commission Delegated Regulation (EU) No 919/2012 of 5 July 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps with regard to regulatory technical standards for the method of calculation of the fall in value for liquid shares and other financial instruments (Text with EEA relevance)
  3. Commission Delegated Regulation (EU) No 918/2012 of 5 July 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps with regard to definitions, the calculation of net short positions, covered sovereign credit default swaps, notification thresholds, liquidity thresholds for suspending restrictions, significant falls in the value of financial instruments and adverse events (Text with EEA relevance)
  4. Commission Implementing Regulation (EU) No 827/2012 of 29 June 2012 laying down implementing technical standards with regard to the means for public disclosure of net position in shares, the format of the information to be provided to the European Securities and Markets Authority in relation to net short positions, the types of agreements, arrangements and measures to adequately ensure that shares or sovereign debt instruments are available for settlement and the dates and period for the determination of the principal venue for a share according to Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps (Text with EEA relevance)
  5. Commission Delegated Regulation (EU) No 826/2012 of 29 June 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council with regard to regulatory technical standards on notification and disclosure requirements with regard to net short positions, the details of the information to be provided to the European Securities and Markets Authority in relation to net short positions and the method for calculating turnover to determine exempted shares (Text with EEA relevance)

CSDR

  1. Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012
  2. Commission Delegated Regulation (EU) 2017/389 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council as regards the parameters for the calculation of cash penalties for settlement fails and the operations of CSDs in host Member States
  3. Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services
  4. Commission Delegated Regulation (EU) 2017/391 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards further specifying the content of the reporting on internalised settlements
  5. Commission Delegated Regulation (EU) 2017/392 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on authorisation, supervisory and operational requirements for central securities depositories
  6. Commission Implementing Regulation (EU) 2017/393 of 11 November 2016 laying down implementing technical standards with regard to the templates and procedures for the reporting and transmission of information on internalised settlements in accordance with Regulation (EU) No 909/2014 of the European Parliament and of the Council
  7. Commission Implementing Regulation (EU) 2017/394 of 11 November 2016 laying down implementing technical standards with regard to standard forms, templates and procedures for authorisation, review and evaluation of central securities depositories, for the cooperation between authorities of the home Member State and the host Member State, for the consultation of authorities involved in the authorisation to provide banking-type ancillary services, for access involving central securities depositories, and with regard to the format of the records to be maintained by central securities depositories in accordance with Regulation (EU) No 909/2014 of the European Parliament and of the Council
  8. Commission Delegated Regulation (EU) 2018/1229 of 25 May 2018 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on settlement discipline (Date of entry into force unknown (pending notification))

SFTR

  1. Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (Text with EEA relevance)

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ESMA documents

Markets in Financial Instruments Directive - MiFID

  1. Guidelines on the application of C6 and C7 of Annex 1 of MiFID II
  2. Guidelines on transaction reporting, order record keeping and clock synchronisation under MiFID II
  3. Guidelines for complaints-handling for the securities (ESMA) and banking (EBA) sectors
  4. Guidelines - Systems and controls in an automated trading environment for trading platforms, investment firms and competent authorities
  5. Guidelines on certain aspects of the MiFID compliance function requirements
  6. Guidelines on remuneration policies and practices (MiFID)
  7. Guidelines on certain aspects of the MiFID suitability requirements

Transparency

  1. ESMA Guidelines on enforcement of financial information
  2. ESMA Guidelines on Alternative Performance Measures
  3. Questions and Answers on Transparency Directive (2004/109/EC)
  4. Indicative list of financial instruments that are subject to notification requirements according to Article 13(1b) of the revised Transparency Directive
  5. Q&A on ESMA Guidelines on Alternative Performance Measures
  6. Practical Guide on notifications of major holdings under the Transparency Directive
  7. ESEF Reporting Manual - Preparation of Annual Financial Reports in Inline XBRL

  8. Report on the use of Alternative Performance Measures and on the compliance with ESMA’s APM Guidelines_12 2019.

Market abuse

  1. Market Abuse Directive - Level 3 - first set of CESR guidance and information on the common operation of the Directive
  2. Market Abuse Directive - Level 3 - second set of CESR guidance and information on the common operation of the Directive to the market
  3. Market Abuse Directive - Level 3 - third set of CESR guidance and information on the common operation of the Directive to the market

Prospectus

  1. Guidelines on risk factors under the Prospectus Regulation
  2. Q&As relating to the Prospectus Regulation
  3. Questions and Answers - Prospectus relating topics 2019
  4. ESMA update of the CESR recommendations on the consistent implementation of Commission Regulation (EC) No 809/2004 implementing the Prospectus Directive
  5. ESMA Guidelines on Alternative Performance Measures (applicable as from 3rd July 2016)
  6. Questions and Answers on ESMA Guidelines on Alternative Performance Measures
  7. Opinion -  Format of the base prospectus and consistent application of Article 26(4) of the Prospectus Regulation
  8. Opinion - Framework for the assessment of third country prospectuses under Article 20 of the Prospectus Directive
  9. Opinion - ESMA assessment of Israeli laws and regulations on prospectuses
  10. Opinion - ESMA assessment of Turkish laws and regulations on prospectuses

European Market Infrastructure Regulation - EMIR

  1. Guidelines and Recommendations for establishing consistent, efficient and effective assessments of interoperability arrangements (ESMA/2013/322)
  2. Guidelines on CCP conflict of interest management (ESMA70-151-1439)
  3. Guidelines on the implementation of the CPSS-IOSCO Principles for Financial Market Infrastructures in respect of Central Counterparties (ESMA/2014/1133)
  4. Guidelines on EMIR Anti-Procyclicality Margin Measures for Central Counterparties (ESMA70-151-1496)
  5. Q&A Implementation of the Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR), last updated on 19 November 2021

Short selling

  1. Guidelines - Exemption for market making activities and primary market operations under Regulation (EU) 236/2012 of the European Parliament and the Council on short selling and certain aspects of Credit Default Swaps

Central securities depositories – CSDR

  1. Guidelines on reporting on Internalised Settlement Reporting under Article 9 of CSDR (ESMA70-151-367)
  2. Decision on the obligation to apply the Guidelines on the Reporting of Internal Settlements in accordance with Article 9 of the CSDR (Available in Croatian only)
  3. Guidelines on standardised procedures and messaging protocols under Article 6(2) of Regulation (EU) No 909/2014 (ESMA70-151-2906)
  4. Gudielines on the Process for the Calculation of the Indicators to Determine the Most Relevant Currencies in which Settlement Takes Place (ESMA70-708036281-66)
  5. Guidelines on the Process for the Calculation of the Indicators to Determine the Substantial Importance of a CSD for a Host Member State (ESMA70-708036281-67)
  6. ESMA Q&A updated 12/17/2021 

 

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EBA documents

Bank Recovery and Resolution Directive - BRRD

  1. Guidelines on the rate of conversion of debt to equity in bail-in
  2. Guidelines on the treatment of shareholders in bail-in
  3. Guidelines on the application of simplified obligations under Article 4(5) of Directive 2014/59/EU

Capital requirements regulation and directive - CRD IV/CRR

  1. Guidelines on the management of interest rate risk arising from non-trading activities
  2. Guidelines - Limits on exposures to shadow banking entities which carry out banking activities outside a regulated framework under Article 395(2) of CRR)
  3. Guidelines on sound remuneration policies under Articles 74(3) and 75(2) of Directive 2013/36/EU and disclosures under Article 450 of Regulation (EU) No 575/2013

Note: Guidelines, Questions and Answers, Opinions and other documents, news and information published by ESMA and EBA are available on the ESMA website at www.esma.europa.eu and on the EBA website at www.eba.europa.eu.

 

Disclaimer: Please note that the translations of Croatian regulations provided on this web page are only provisional translations and therefore do NOT represent official documents of the Republic of Croatia. They confer no rights and impose no obligations separate from those conferred or imposed by the legislation formally adopted and published in the Croatian language.

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