2026-05-11
The Austrian Federal Government enacted the Capital Market Act 2019 to regulate public offerings of investments and securities within Austria. The legislation mandates that issuers publish approved prospectuses for public offerings, while defining specific exemptions for offerings below certain monetary thresholds or directed exclusively at qualified investors. The Austrian Financial Market Authority (FMA) is empowered to supervise compliance, approve prospectuses, and impose administrative fines for violations of these disclosure and advertising requirements.