Investment prospectus - FMA Österreich

Unlike securities prospectuses, investment prospectuses will not checked by the FMA prior to 01.01.2027. They are usually to be checked by external auditors for their correctness and completeness. The obligation to publish a prospectus is relaxed, where an exception pursuant to Article 3 KMG 2019 applies.

Notification in an EEA Member State as well as authorisation to a regulated market are not possible in the case of investment prospectuses.

A simplified prospectus pursuant to Annex D to the KMG 2019 may be produced, provided that the total consideration of investments offered within a 12 month period does not exceed EUR 12 million.

Investment prospectuses are generally valid for an unlimited period of time, in the event that they require supplements pursuant to Article 6 KMG.

From 01.01.2027 all investment prospectuses will be approved by the FMA and will be valid for a 12-month period from the approval date.

Back to the list