Despite the massive economic turbulence during 2020 as a result of the COVID-19 pandemic the number of capital market prospectuses to be approved remained stable. The Austrian Financial Market Authority (FMA) granted 19 approvals during the 4th quarter, of which four were for single-part prospectuses and 15 for multi-part prospectuses (5 registration forms and 10 securities notes). In the 4th quarter of 2019, there were a total of 14 approvals (5 single-part prospectuses, 3 registration forms and 6 securities notes for multi-part prospectuses). During the whole of 2020 the FMA had to review 63 approvals, of which 41 were for single-part prospectuses and 22 for multi-part prospectuses (6 registration forms and 16 securities notes); in 2019 there were 68 approvals (58 single-part prospectuses, four registration forms, and six securities notes for multi-part prospectuses). In addition there were 16 prospectus supplements to approve during the 4th quarter, one more than in the corresponding quarter of 2019. During the whole of 2020, 77 prospectus approvals occurred, compared to 82 in 2019. These are the findings of the FMA’s Report on Asset Management for the 4th quarter of 2020, which was published today.
In comparison to the 4th quarter of 2019, the number of final terms filed through the FMA or in the OeKB’s New Issue Calendar have increased from 1,835 to 2,819 during the corresponding reporting quarter; this corresponds to an increase of 53.6%.
In addition, during the 4th quarter of 2020, 57 prospectuses or prospectus components were notified to the FMA, compared to 26 in the corresponding period in the previous year. The number of supplements notified to the FMA decreased from 195 during the 4th quarter of 2019 to 185 in the 4th quarter of 2020.
The full quarterly report can be found (in German only) on the FMA website.
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