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Austria approves new type of prospectus

Chris Hamblin, Editor, London, 19 December 2019

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The Austrian Financial Market Authority has approved the first “universal registration document” in accordance with the new EU Prospectus Regulation that has applied since 21 July this year.

This was a new multi-part base prospectus, where a description about the issuer (the registration form), together with a specific securities note that is to be approved subsequently, form a prospectus.

The FMA approved 21 capital market prospecti during the third quarter of the year, one more (+5%) than in the third quarter of last year.

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