The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 46,000 on United Benefit Holding GmbH under the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG). The undertaking specifically breached the obligation to produce a supplement pursuant to Article 23 of the Prospectus Regulation (Regulation (EU) 2017\/1129) during the period of the public offering in 2022 as well as breaching the obligation to publish a prospectus for a period of ten years pursuant to Article 21 of the Prospectus Regulation (Regulation (EU) 2017\/1129) for a three week period in 2024. The supplement ought to have informed without delay in relation to a 4.75% bond issue for 2022-2027 with a prospectus that was approved by the FMA that the company did not receive a credit of EUR 5 million. These provisions under prospectus law serve investor protection purposes, and are of key importance for the disclosure of information, as they address asymmetries of information that exist between investors and issuers. The penal order is final.<\/p>
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FMA imposes sanction on United Benefit Holding GmbH for breaches of the Prospectus Regulation<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[85],"tags":[],"class_list":["post-5048947","post","type-post","status-publish","format-standard","hentry","category-sanction"],"yoast_head":"\n