Croatia – HANFA MIFID II Market Data Guide

Croatia – HANFA MIFID II Market Data Guide

On 7 October 2021, CRO HANFA said will comply with MiFID II ESMA guidelines.

  • CRO HANFA announced compliance with ESMA guidelines on MiFID II market data.
  • Follows ESMA August 2021 translated guidelines on MiFID II/ MiFIR duties.


  • Board adopted guidelines that contribute to increasing capital market's transparency.
  • Transparency both in pre- and post trading, they also set framework for distribution of market data costs and ensure data distribution on a non-discriminatory basis.
  • Apply to trading venues i.e. Zagreb Stock Exchange, authorized publishing systems, providers of consolidated trading data, system internalisers, competent authorities.
  • Their aim is uniformity, transparency, and consistency of practices throughout the EU.
  • To reduce risk of unjustified withdrawal, collection of fees for transfer of market data.
  • Allow user easier use of market data provided free of charge 15 mins post publication.
  • Board ordered internal coordinator to immediately notify ESMA upon decision receipt.


  • The decision enters into force on day of its adoption.