New Croatian Capital Markets Act

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A new Croatian capital markets act looks to upgrade the Croatian capital markets regime to EU standards.

On 15 July 2008 the Croatian Parliament passed the new Croatian Capital Markets Act (Zakon o trzistu kapitala, Official Gazette No. 88/2008, 146/08 and 74/2009; the Act), which came into force on 1 January 2009. In order to upgrade the Croatian capital markets regime, the Act incorporates a line of EU guidelines and regulations. Although the impact of the Act is yet to be seen in real terms, it certainly provides a solid platform for more certainty and sophistication in the Croatian capital markets.