Wednesday July 10 2013

News Source: Global Exchanges

Focus: Trading Rules

Type: General




The Croatian Financial Services Supervisory Agency (CFSSA) adopted the 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 85/2013, (hereinafter: Ordinance), in relation with obligation under the Article 341.a. of the Capital Market Act (Official Gazette 88/08, 146/08, 74/09 and 54/13, (hereinafter: CMA).

The Ordinance shall enter into force on July 12, 2013.

CMA in Article 341.a. paragraph 1 stipulates obligatory reporting to the Exchange of transactions with financial instruments admitted to trading on a regulated market that are concluded outside the regulated market or MTF.

Pursuant to Article 2 Paragraphs 1 of the Ordinance, mentioned obligation is related to the following financial instruments admitted to trading on a regulated market:

  • Shares
  • bonds,
  • commercial papers.

The obligation to report OTC transaction does not apply to transaction of borrowing on the basis of financial instruments (for instance, repurchase and reverse repurchase agreements, buy and sell back and sell and buy back, lombard loans and etc.)

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