The Financial Market Authority approved a total of 23 prospectuses during the third quarter of 2013. By approving these prospectuses, the FMA allowed a maximum volume of € 32.5 billion to be issued. In addition, the FMA approved 24 supplements, and discontinued two approval procedures. During the comparable period in the previous year, six prospectuses and 39 supplements were approved, and none of the approval procedures discontinued. The news was disclosed in the Report on Austrian Prospectus Supervision, published today by the FMA.
Prospectuses from 16 issuers were approved between 1 July und 30 September 2013 (Q3 2012: 6). When broken down according to the various categories of issuers, approvals in Q3 2013 were distributed as follows (with the figure for Q3 2012 in parentheses): IPOs, capital increases and listing prospectuses 6 (0), building loan banks 4 (1), basis prospectuses 5 (1) and bonds 1 (4).
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 Q3 2013 sister authorities notified the FMA of 88 prospectuses (Q3 2012: 32) and 605 supplements (Q3 2012: 490). The FMA provided notification of 10 prospectuses (Q3 2012: 2) and 9 supplements (Q3 2012: 10).
In response to infringements of the Capital Market Act, the FMA imposed one administrative penalty and reported six cases to the public prosecutor’s office in the third quarter of 2013.
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)1/24959-6006
+43/(0)676/882 49 516