The number of prospectuses approved by the Austrian Financial Market Authority (FMA) in the second quarter of 2015 amounted to 18, a decline by 11 compared with the second quarter of 2014. In addition, the FMA approved 44 supplements, a figure unchanged from the same quarter of the previous year, and discontinued two approval procedures (Q2 2014: 1). These figures were disclosed in the Report on Austrian Supervision of Capital Market Prospectuses, published today by the FMA.
When broken down according to the various categories of issuers, approvals in Q2 2015 were distributed as follows (with the figures for Q2 2014 in parentheses): IPOs, capital increases and listing prospectuses 3 (3), housing banks 1 (3), base prospectuses 13 (16) and bonds 0 (1).
In order to use a prospectus or a supplement in another EEA Member State, a notification must first be sent to the national competent authority of the particular country. In Q2 2015 partner authorities notified the FMA of 139 prospectuses (Q2 2014: 136) and 358 supplements (Q2 2014: 332). The FMA provided notification of 11 prospectuses (Q2 2014: 12) and 21 supplements (Q2 2014: 31).
In response to infringements of the Capital Market Act (KMG), the FMA imposed one administrative penalty (2) and reported four cases to the public prosecutor’s office (1) in the second quarter of 2015.
You can find the full Quarterly Report (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)1/24959-6006
+43/(0)676/882 49 516