Securities which may be traded on the Progress Market are:
- shares, including depositary receipts for shares; and
- bonds, including depositary receipts for bonds
Securities referred to in an application for admission to trading on the Progress Market must meet the following criteria:
- must be free float and issued in accordance with the regulations applicable to them;
- the legal status of the issuer of financial instruments must be compliant with legislation of the Republic of Croatia or of the state of the issuer’s registered seat;
- must be in non-materialised form;
- the issuer has prepared an Basic Admission Document or Summary Admission Document
- an efficient settlement of transactions must be ensured for financial instruments
- for shares: at least 10% of the shares must be publically distributed.
Criteria for Admission of Securities to Trading on the Progress Market can be found in Progress Market Rules.
| Applicable in Croatia | Issuing date | Commencement date |
|---|---|---|
| Rulebook for Admission document | 15.04.2021. | 23.04.2021. |
| Rulebook for Admission document | 29.07.2020. | 06.08.2020. |
| Rulebook for Admission document | 08.07.2019. | 16.07.2019. |
| Rulebook for Admission document | 06.03.2018. | 14.03.2018. |
| Amendments to the Rulebook for admission document | 06.03.2018. | 14.03.2018. |
| Rulebook for Admission document | 24.10.2017. | 02.11.2017. |
| Applicable in Slovenia | Issuing date | Commencement date |
|---|---|---|
| Regulations on the Form and Content of the Listing Document | 03.09.2020. | 10.09.2020. |
| Regulations on the Form and Content of the Listing Document | 16.09.2019. | 01.10.2019. |
| Regulations on the Form and Content of the Listing Document | 19.06.2018. | 20.06.2018. |
- Procedure for admission of securities to trading
An applicant for admission to trading on the Progress Market is required to enclose:
- Application for Admission of Securities to Trading on the Progress Market
- Basic admission document or summary admission document
- Other documentation as envisaged by Progress Market Rules and the Rulebook on form and content of the admission document for trading on the Progress market
1. Application for admission to trading
An application for admission to trading may be submitted by the issuer or a person authorised by the issuer. The application for admission of securities to trading on the Progress Market shall be accompanied by an admission document, and other documents provided for in Progress Market Rules and the Rulebook on the form and content of the admission document for trading in securities on the Progress Market. Any documents enclosed to the application for admission of securities to trading on the Progress Market shall be prepared in Croatian or English. Documents prepared in another language shall be accompanied by a certified translation to Croatian or English.
2. Admission document
When submitting an application for admission of securities to trading on the Progress Market, the issuer shall prepare an admission document and enclose it with the application for admission of securities to trading on the Progress Market.
Rulebook on form and content of the admission document for trading on the Progress market regulates the:
- form;
- content;
- scope
of the admission document referred to in Article 13 of Progress Market Rules for issuers of securities for which an admission to trading on the Progress Market is sought.
