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FMA Q2 2016 Report on the Supervision of Capital Market Prospectuses

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The Austrian Financial Market Authority (FMA) approved 14 capital market prospectuses during the second quarter of 2016 as well as also approving 31 supplements, with no approval procedures being closed. In the comparable period in 2015, 18 prospectuses and 44 supplements were approved, while two approval procedures were closed. The gross issue volume for interest-bearing securities issued by Austrian issuers stood at approximately EUR 17 billion, and was thus more or less unchanged in comparison with Q2 2015. These findings have emerged from the Report on the Supervision of Capital Market Prospectuses, which was published today by the Financial Market Authority (FMA).

Between 1 April and 30 June, prospectuses were approved from a total of 13 issuers. Broken down into various different categories of issuers, the distribution was as follows: IPOs, capital increases, listing prospectuses: 1 (Q2 2015: 3); housing banks: 2 (Q2 2015: 1); base prospectuses: 9 (Q2 2015: 13); bonds: 1 (Q2 2015: 0).

In response to infringements of the Capital Market Act (KMG), the FMA imposed eight administrative penalties in the second quarter (Q2 2015: 1), reported one case to the public prosecutor’s office (Q2 2015: 4) and published one sanction on the FMA website.

On an international basis, there was a slight increase in the number of prospectuses notified to the FMA, from 139 in Q2 2015 to 149 in Q2 2016. The number of supplements notified to the FMA decreased from 358 in Q2 2015 to 285 in Q2 2016. The majority of the incoming notifications were submitted to the FMA by the competent authority in Germany and the competent authority of the Grand Duchy of Luxembourg. The FMA submitted notifications about eight prospectuses (Q2 2015: 11) and 21 supplements (Q2 2015: 21) to sister authorities.

The full quarterly report can be found on the FMA website (in German only) at

Journalists may address further enquiries to:

Klaus Grubelnik (FMA Media Spokesperson)


+43/(0)676/882 49 516

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