Regulatory Alerts2026-04-24
Austrian Alternative Financing Act (AltFG)
The Austrian Federal Ministry for Digital and Economic Affairs enacted the Alternative Financing Act to regulate public offerings of securities and investments exempt from prospectus requirements. The legislation establishes strict caps on investor contributions, issuer fundraising limits, and mandatory disclosure obligations to ensure transparency and protect retail investors. It further imposes specific compliance duties on internet platform operators, including identity verification, information checks, and risk warnings, with administrative fines for violations.
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