Investment firms

Pursuant to provisions of the Capital Market Act, Hanfa keeps a register of firms authorised to provide investment services and perform investment activities, containing data on:

1. investment firms which have received authorisation by Hanfa to provide investment services and perform investment activities
2. credit institutions which have received authorisation by the Croatian National Bank to provide investment services and perform investment activities  
3. companies managing open-ended investment funds with public offering which have received authorisation by Hanfa to provide investment service of portfolio management and/or investment advice

Legend – Services and activities

Symbols 1-01 to 1-08 refer to investment services and activities:

1-01  reception and transmission of orders in relation to one or more financial instruments
1-02  execution of orders on behalf of clients
1-03  dealing on own account
1-04  portfolio management
1-05  investment advice
1-06  underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis
1-07  placing of financial instruments without a firm commitment basis
1-08  operation of Multilateral Trading Facilities.

Symbols 2-01 to 2-07 relate to ancillary services:

2-01 safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management
2-02 granting credits or loans to an investor to allow him to carry out a transaction in one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
2-03 advice to undertakings on capital structure, industrial strategy and related matters and advice and services relating to mergers and the purchase of undertakings
2-04 foreign exchange services where these are connected to the provision of investment services
2-05 investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments
2-06 services related to services under 1-06
2-07 investment services and activities as well as ancillary services related to the underlying of the derivatives where these investment services and activities are connected to the provision of investment or ancillary services.

Apart from providing investment services and performing investment activities and related ancillary services, investment firms may also carry out additional services, in accordance with the Ordinance on additional activities of investment firms.

Legend – Additional activities

Symbols 3-01 to 3-05 relate to additional activities:

3-01 organisation and implementation of the educational programme for capital market participants and users
3-02 insurance representation business
3-03 marketing of investment fund units
3-04 offering of pension schemes
3-05 other activities which, in Hanfa’s view, do not have any negative impact on the compliance with the Capital Market Act and relating regulations