engleski

The Disclosure of Beneficial Ownership in Listed Companies - the EU Transparency Directive and Croatian Securities Market Act

Disclosure of beneficial ownership is a powerful mechanism for protection of the investors on capital markets. Through the duty to disclose beneficial ownership publicly traded companies (issuers) and other participants on capital market (individual investors, institutional investors, competent authorities) can obtain valuable informations for creation of their portfolios. The Admission and Information Directive 2001 and the Proposal for a Transparency Directive 2003 are focused in this point. In Croatian Law the disclosure of beneficial ownership is regulated by the Securities Market Act 2002. Its existent rules should be modernized and revised according to prior mentioned EU Directives.

beneficial ownership, listed companies, EU, Croatia

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