The Financial Market Authority (FMA) approved a total of twelve prospectuses during the fourth quarter of 2012. By approving these prospectuses, the FMA allowed a maximum volume of €1.5 billion to be issued. In addition, the FMA approved 21 supplements, and discontinued two approval procedures. During the comparable period in the previous year, 28 prospectuses and 21 supplements were approved and two approval procedures discontinued. The news was disclosed in the Report on Austrian Prospectus Supervision, published today by the FMA.
Prospectuses from eight issuers were approved between October and December 2012. In relation to the various category of issuers, they were more or less equally distributed among the categories of IPOs, capital increases and listing prospectuses (Q4 2011: 2), building loan banks (Q4 2011: 5), basis prospectuses (Q4 2011: 2) and bonds (Q4 2011: 0).
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 Q4 2012 sister authorities notified the FMA of 39 prospectuses (Q4 2011: 61) and 476 supplements (Q4 2011: 983). The FMA provided notification of three prospectuses (Q4 2011: 3) and 13 supplements (Q4 2011: 14) to sister authorities.
In response to infringements of the Capital Market Act, the FMA imposed three administrative penalties and reported one case to the public prosecutor’s office.
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-5106
+43/(0)676/882 49 516