{"id":6099,"date":"2011-05-04T14:16:48","date_gmt":"2011-05-04T12:16:48","guid":{"rendered":"https:\/\/www.fma.gv.at\/en\/?p=6099"},"modified":"2016-07-13T16:02:36","modified_gmt":"2016-07-13T14:02:36","slug":"fma-publishes-circular-on-information-including-marketing-communications-pursuant-to-the-wag-2007","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/fma-publishes-circular-on-information-including-marketing-communications-pursuant-to-the-wag-2007\/","title":{"rendered":"FMA publishes &#8220;Circular on Information including Marketing Communications pursuant to the WAG 2007&#8221;"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"bodytext\">Austria&rsquo;s Financial Market Authority FMA today published a &ldquo;Circular on Information including Marketing Communications pursuant to the WAG 2007&rdquo; (Securities Supervision Act); the Circular is currently available in German only. Specifically addressing credit institutions, investment firms and investment service providers, the Circular provides explanations of the provisions of the WAG 2007 with the aim of ensuring that the information and marketing communications provided to consumers are not misleading, clear and fair. In the case of investor information, special emphasis is placed on a balanced presentation of the benefits and risks entailed in financial instruments and investment services.<\/p><p class=\"bodytext\">The items specified in detail by the Circular include how information and marketing communications are to be presented, and in particular how risk disclaimers for financial instruments and investment services are to be provided, how changes in gross value and the impact of expenses and fees are required to be presented, and where warnings are to be placed in order to be visible and comprehensible.<\/p><p class=\"bodytext\">&ldquo;On the one hand, this Circular is a further step to ensure that complete, correct and balanced information is consistently made available to investors, which aids them in making investment decisions on an informed and sufficiently well-grounded basis. And, on the other hand, the Circular provides the supervised companies with legal security regarding the correct preparation of information and marketing communications related to financial instruments and investment services,&rdquo; FMA Executive Director Kurt Pribil pointed out.<\/p><p class=\"bodytext\">The German version of the Circular may be found on the FMA website at<a href=\"https:\/\/www.fma.gv.at\/en\/fma\/fma-circulars\/\">&nbsp;https:\/\/www.fma.gv.at\/en\/fma\/fma-circulars\/<\/a><\/p><p class=\"bodytext\"><strong>Journalists may address further enquiries to:<\/strong><br>\nKlaus Grubelnik (FMA Media Spokesperson)<br>\n+43\/(0)1\/24959-5106<br>\n+43\/(0)676\/882 49 516<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circular addressing credit institutions, investment firms and investment service providers.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-6099","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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