An adviser is a company which has been granted adviser status by the Exchange, in accordance with the Rulebook on the grant of status of Progress Market adviser and which has been entered in the Register of Advisers.
Each issuer submitting an application for admission of securities to trading on the Progress Market shall have an adviser appointed for not less than 2 (two) years from the date of admission of its securities to trading on the Progress Market.
By the Rulebook on the grant of status of Progress Market adviser, the Exchange shall regulate:
- the requirements to be met by a company seeking to be granted adviser status;
- the procedure for the grant and revocation of adviser status, registration and deletion of advisers in the Register of advisers;
- rights and obligations of advisers;
- rules of cooperation with the Exchange;
- other issues relevant for regulating the role of adviser and functioning of the Progress Market.
- Rules for Progress market advisers
Applicable in Croatia Issuing date Commencement date Rulebook for Progress Market adviser 15.04.2021. 23.04.2021. Rulebook for Progress Market adviser 29.07.2020. 06.08.2020. Rulebook for Progress Market adviser 08.07.2019. 16.07.2019. Rulebook for Progress Market authorised advisor 06.03.2018. 14.03.2018. Amendments to the Rulebook for Progress Market authorised advisor 06.03.2018. 14.03.2018. Rulebook for Progress market authorised advisor 24.10.2017. 02.11.2017. Applicable in Slovenia Issuing date Commencement date Regulations on obtaining the Status of the Advisor on the PROGRESS Segment 16.09.2019. 01.10.2019. Regulations on obtaining the Status of the Advisor on the PROGRESS Segment 19.06.2018. 20.06.2018. Regulations on obtaining the Status of the Advisor on the PROGRESS Segment 06.03.2018. 07.03.2018.
- Procedure for the grant of adviser status
Company that meets all conditions from Article 3. Rulebook on the grant of status of Progress Market adviser, shall enclose at least the following with the application:
- Application for the grant of status of Progress Market adviser
- Valid deed of incorporation of the applicant;
- Certified extract from the court register for the applicant which is not more than 30 (thirty) days old;
- Annual financial statement of the applicant for the preceding financial year;
- Written declaration of the applicant on the employment or other legal relationship with persons from Article 3 Paragraph 2 Item 3 of the Rulebook on the grant of status of Progress Market adviser and their professional CV's;
- Written declaration of the applicant on the appointment of contact person for contact with Zagreb Stock Exchange, Inc. with all contact details;
- Written declaration of the applicant confirming that the persons authorised to represent the applicant and the persons referred to in Article 3(2)(3) of Rulebook on the grant of status of Progress Market adviser have not been convicted by a final judgment of criminal offences referred to in Article 3(4)(2) of this Rulebook;
- Written declaration confirming that the applicant pays its debts when due and that, as at the date of the application and within 12 (twelve) months prior to that date, no enforcement proceedings have been instituted against the applicant;
- Written declaration of the applicant in Article 5. Paraghraph 4. Item 1-4 of the Rulebook on the grant of status of Progress Market;
- Proof of payment of the application processing fee.
Applications shall be sent to the following address:
Zagrebačka burza d.d.
Ivana Lučića 2a/22
10000 Zagreb
with note: Application for acquiring the Progress Market adviser
For further questions please contact us at progress@zse.hr.
