The Financial Market Authority (FMA) approved a total of 29 prospectuses during the second quarter of 2013. By approving these prospectuses, the FMA allowed a maximum volume of € 21.4 billion to be issued. In addition, the FMA approved eleven supplements, and discontinued one approval procedure. During the comparable period in the previous year, 38 prospectuses and 12 supplements were approved and two approval procedures discontinued. The news was disclosed in the Report on Austrian Prospectus Supervision, published today by the FMA.
Prospectuses from 22 issuers were approved between 1 April und 30 June 2013 (Q2 2012: 29). When broken down according to the various categories of issuers, approvals in Q2 2013 were distributed as follows (with the figure for Q2 2012 in parentheses): IPOs, capital increases and listing prospectuses 2 (3), building loan banks 3 (4), basis prospectuses 15 (21), and bonds 2 (1).
In order to use a prospectus or a supplement in another EEA Member State, a notification must first be sent to the competent authority of the particular country. In Q2 2013 sister authorities notified the FMA of 183 prospectuses (Q2 2012: 228) and 799 supplements (Q2 2012: 765). The FMA provided notification of 15 prospectuses (Q2 2012: 18) and 3 supplements (Q2 2012: 5).
In response to infringements of the Capital Market Act, the FMA imposed two administrative penalties and reported one case to the public prosecutor’s office.
The full Quarterly Report can be viewed (in German) on the FMA website at https://www.fma.gv.at/kapitalmaerkte/aufsicht-ueber-kapitalmarktprospekte/quartalsberichte/
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-5106
+43/(0)676/882 49 516