Regulatory Alerts2021-12-23
Added · Updated
FMA Circular on Prospectus Supervision 03/2021
The Austrian Financial Market Authority (FMA) issued this circular to provide guidance on the supervision of prospectuses under the Capital Market Act 2019 and the EU Prospectus Regulation. It defines the scope of FMA scrutiny, which is limited to the completeness, coherence, and comprehensibility of information rather than verifying factual correctness. The document details legal principles, exemptions, and specific formatting and content requirements for various types of securities prospectuses.
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