The number of prospectuses approved by the Austrian Financial Market Authority (FMA) in the second quarter of 2017 stood at 24, ten more than in the second quarter of 2016. In addition 25 supplements were approved, which is an decrease of six over the corresponding period in the previous year. No approval procedures were closed. The gross issue volume for interest-bearing securities issued by Austrian issuers stood at € 25.49 billion and was therefore 49.5% more than in the 2nd Quarter of 2016 (Q2 2016: € 17.05 billion). These findings have emerged from the Quarterly Report on the Supervision of Capital Market Prospectuses, which was published today by the Austrian Financial Market Authority (FMA).
Broken down into various different categories of issuers, the distribution was as follows during the 2nd Quarter 2017: IPOs, capital increases and listing prospectuses: 3 (Q2 2016: 1); housing banks: 2 (Q2 2016: 2); base prospectuses: 18 (Q2 2016: 9); bonds: 0 (Q2 2016: 1).
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 2nd Quarter of 2017 of 136 prospectuses (Q2 2016: 149) and 269 supplements (Q2 2016: 285). The FMA provided notifications about 14 prospectuses (Q2 2016: 8) and 10 supplements (Q2 2016: 21).
In response to infringements of the Capital Market Act, the FMA imposed six administrative penalties in the second quarter 2017 (Q2 2016: 8), although cases were neither reported to the public prosecutor’s office (Q2 2016: 1), nor sanctions published on the FMA website (Q2 2016: 2).
The full report can be found on the FMA website (in German only) at:
Journalists may address further enquiries to:
Tiemon Kiesenhofer
+43/(0)1/24959-6010, or +43/(0)676/882 49 610