The number of prospectuses approved by the Austrian Financial Market Authority (FMA) in the first quarter of 2016 stood at eleven, four fewer than in the first quarter of 2015. In addition 13 supplements were also approved. This represents a decrease of 36 in comparison to the first quarter of 2015. No approval procedures were closed. The gross issue volume for interest-bearing securities stood at EUR 26.76 billion (Q1 2015: EUR 20.55 billion). These findings have emerged from the Report on the Supervision of Capital Market Prospectuses, for the first quarter of 2016, which was published today by the Austrian Financial Market Authority (FMA).
Broken down into various different categories of issuers, the distribution was as follows: IPOs, capital increases and listing prospectuses (Q1 2016: 1 cf. Q1 2015: 1), housing finance banks (Q1 2016: 1 cf. Q1 2015: 3), basic prospectuses (Q1 2016: 6 / Q1 2014: 7) and bonds (Q1 2015: 2 / Q1 2015: 2).[BM1]
The submission of a notification to the respective competent national authority is a condition for being allowed to use a prospectus or a supplement in another EEA Member State. Partner authorities notified the FMA in the first quarter 2016 of 49 prospectuses (Q1 2015: 51) and 273 supplements (Q1 2015: 214). The FMA provided notifications about 5 prospectuses (Q1 2015: 6) and 9 supplements (Q1 2015: 15).
In response to infringements of the Capital Market Act, the FMA imposed one administrative penalty in the first quarter of 2016 (Q1 2015: 8) and published one sanction on the FMA website.
The full report can be found on the FMA website (in German only) at
fma.gv.at/kapitalmaerkte/aufsicht-ueber-kapitalmarktprospekte/quartalsberichte/
Journalists may address further enquiries to:
Ms. Annemarie Bauer
+43/(0)1/24959-6007