The Austrian Financial Market Authority (FMA) approved 20 capital market prospectuses in the 3rd Quarter of 2018, 11% more than in the 3rd Quarter of 2017, when 18 were approved. The number of final terms deposited to the FMA in relation to base prospectuses approved by it during this period also increased by 52%, from 1,143 to 1,738. The number of supplements approved by the FMA on the other fell during the 3rd Quarter of 2018 compared with the 3rd Quarter 2017 – from 12 to 8. Of the 20 approved prospectuses three were in relation to equity securities, one for a bond and 16 were base prospectuses. The gross issue volume for interest-bearing securities by issuers based in Austrian stood at around € 18.3 billion, 30.9 percent lower than the value for the 3rd Quarter 2017. These findings have emerged from the Report on the Supervision of Capital Market Prospectuses for the 3rd Quarter 2018, which was published today by the Austrian Financial Market Authority (FMA).<\/p>
The trend with regard to cross-border offers in the European Economic Area was similar: During the 3rd Quarter 80 prospectuses were notified in Austria, whereas there were only 61 during the corresponding period of the preceding year; an increase of 31%. The number of notified supplements fell slightly during this period from 224 to 220. The number of prospectuses notified by the FMA to sister authorities in the EEA remained unchanged at 10, with the number of supplements increasing from 5 to 6.<\/p>