Title: Consulting services for harmonization of
securities law and takeover law with IOSCO principles and the european
union legislation
Client: Croatian Securities Commission
Country: Croatia
Year: May 2001
Financing: World Bank
Description of project and services rendered
On December 14th 1995, the Croatian Securities Commission was established pursuant to the Law on Issuance and Sale of Securities. The objective of this technical assistance is to assist the CROSEC in harmonization of the Draft of the new Croatian Securities Law and the Draft of amended Takeover Law with IOSCO Principles and European Union Legislation for submission to the Government and Parliament
Scope of the Work
- to assist the CROSEC in harmonization of the Draft of the new Croatian Securities Law with IOSCO Principles and European Union Legislation for submission to the Government and Parliament.
- to assist the CROSEC in harmonization of the Draft of amended Takeover Law with IOSCO Principles and European Union Legislation for submission to the Government and Parliament.
Work Plan
- Getting familiar with existing legal regulation in the Republic of Croatia concerning capital market.
- Reviewing of the Drafts of both, Securities Law and amended Takeover Law.
- Drafting proposals in writing how to harmonize existing Drafts of the Securities Law and amended Takeover Law with IOSCO Principles and EU Legislation.
- After discussing proposals with commissioners, giving the Final Version of both aforementioned Laws.
