The Austrian Financial Market Authority (FMA) approved 16 capital market prospectuses during the third quarter of 2016 as well as also approving 12 supplements, with one approval procedures being closed. In the comparable period in 2015, 12 prospectuses and 17 supplements were approved, while four approval procedures were closed. The gross issue volume for interest-bearing securities issued by companies based in Austria stood at approximately EUR 17.5 billion, and was thus around one third less in comparison with Q3 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 July and 30 September, prospectuses were approved from a total of 15 issuers. Broken down into various different categories of issuers, the distribution was as follows: IPOs, capital increases, listing prospectuses: 2 (Q3 2015: 1); housing banks: 1 (Q3 2015: 2); base prospectuses: 11 (Q3 2015: 5); bonds: 1 (Q3 2015: 1).
In response to infringements of the Capital Market Act (KMG), the FMA imposed three administrative penalties in the third quarter (Q3 2015: 8), reported two cases to the public prosecutor’s office (Q3 2015: 7).
On an international basis, there was a slight increase in the number of prospectuses notified to the FMA, from 79 in Q3 2015 to 84 in Q3 2016. The number of supplements notified to the FMA increased from 254 in Q3 2015 to 297 in Q3 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 (Q3 2015: 7) and four supplements (Q3 2015: 12) to sister authorities.
The full report can be found on the FMA website (in German only) at
https://www.fma.gv.at/kapitalmaerkte/aufsicht-ueber-kapitalmarktprospekte/quartalsberichte/
Journalists may address further enquiries to:
Mr. Tiemon Kiesenhofer, MBA
+43/(0)1/24959-6010
+43/(0)676/882 49 610