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 that are exempt from full 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 also defines specific compliance duties for internet platform operators, including identity verification and risk warnings, while imposing administrative fines for violations.
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