Regulatory Alerts2026-05-11
Austrian Capital Market Act 2019
The Austrian Federal Government enacted the Capital Market Act 2019 to regulate public offerings of investments and securities within Austria. The legislation mandates the preparation, approval by the Financial Market Authority, and publication of prospectuses for most public offerings, while defining specific exemptions for small-scale or qualified investor transactions. It establishes strict advertising standards, liability rules for issuers and auditors, and penal provisions for non-compliance to ensure market transparency and investor protection.
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