The Austrian Financial Market Authority (Finanzmarkt-aufsicht, FMA) has recently published guidelines on how it views Initial Coin Offerings (ICOs) from a financial services regulatory perspective.

The amendments to the Prospectus Directive aim to address deficiencies in the existing legal framework relating to securities prospectuses with a view of improving legal clarity and reducing burdens for issuers and intermediaries, while at the same time enhancing investor protection.

Die Europäische Kommission stellte am 24.9.2020 das Digital Finance Package vor, das den digitalen Finanzdienstleistungsmarkt auf Unionsebene einheitlich regeln soll.

Direct lending funds are emerging as key sources of loan financing. Understanding the local legal framework and peculiarities is important for executing a lending transaction ...

As recent developments have shown, it is highly unlikely that the EU Capital Requirements Regulation on credit institutions and investment firms, which aims to put in place a comprehensive and risk-oriented regulatory frame work through out the EU.

At the beginning of 2021, it seems safe to say that while the flood is not yet over, doves have started flying back carrying freshly plucked leaves from nearby shores.

The European Union has successfully established a single market for goods and services, yet its capital markets remain fragmented and less efficient than those of other major economies.

he approach of the EU is clear: AML prevention will be strengthened and AML requirements in the financial sector will rise.

In preparation for Solvency II Pillar 2, EIOPA introduced a set of Guidelines in September 2013.

A study of 1,700+ banks from 63 countries, conducted by AIM Software, the Vienna University of Economics and sponsored by Reuters, has revealed that improving data quality is regarded as a key issue for risk management - and that regulatory requirements including Basel II and Sarbanes-Oxley are driving substantial investments in IT.

The rise in foreign investment in Moldova and joint projects with local investors means that supervisory boards must often be instituted in Moldovan joint-stock companies (JSC). This leads to effective and operative control over the company's management.

Certain financial holding companies and mixed financial holding companies will become subject to a new licensing requirement under the Austrian Banking Act...

The Stock Exchange Act has recently been amended to extend significantly disclosure obligations for shareholdings in listed companies.

In times of economic crisis, the special rules of the Austrian Takeover Act (TA) applicable to distressed companies would be expected to gain in importance.

Welcome to our to the point newsletter. Every month we look back at the most relevant developments in the area of financial regulation in the CEE region.

January 2026 – Directive (EU) 2024/927, commonly referred to as AIFMD II, marks the most significant reform of the Alternative Investment Fund Managers Directive (AIFMD)...

Shortly thereafter, insolvency proceedings were opened over the Austrian subsidiary.

As the end of 2020 approaches we are seeing a lot of changes in financial markets regulations, accelerated by the first serious economic downturn in a long time.

The EU Regulation No 655/2014 of 15 May 2014 established a European Account Preservation Order. The Regulation became applicable as of 18 January 2017 within the EU except for the United Kingdom and Denmark .