An issuer, that offers securities to the public or applies for the admission of securities to the Vienna Stock Exchange, has to draw up an extensive prospectus. The prospectus has to include substantial information about the issuer and the offered securities. In an approval procedure the prospectus is scrutinised by the FMA regarding its completeness, coherence and comprehensibility. As of the beginning of the year it is possible to initiate the approval procedure online. A one-time registration by the issuer and the submission of the prospectus on the online platform of the FMA are the only requirements. Another improvement for the issuer trough this procedure is the transmission of the approved prospectus to the Oesterreische Kontrollbank (OeKB) by the FMA.
13. April 2018