Financial Market Authority tightens insider rules in new compliance regulation *

Austria - February 15 2012
On 31 January 2012, the Financial Market Authority (FMA) amended the compliance regulation (Amendment to the Emittenten-Compliance-Verordnung 2007, ECV 2007) introducing the concept of „compliance-relevant information“.

Co-authors: Ursula Rath.

New approval regime on acquisitions of Austrian companies in certain industry sectors by non-EU/EEA and non-Swiss persons *

Austria - December 14 2011
An amendment of the Austrian Foreign Trade Act, in force since 08/12/2011 subjects the acquisitions of relevant interests in enterprises in specific industries, including telecoms and energy, to review and approval by the Austrian Ministry of Economic Affairs.

Co-authors: Wendelin Ettmayer, Christian Herbst.