Announcement: FMA imposes sanction on Raiffeisenlandesbank Burgenland und Revisionsverband eGen for breaches of the Prospectus Regulation - FMA Österreich

https://www.fma.gv.at/en/announcement-fma-imposes-sanction-on-raiffeisenlandesbank-burgenland-und-revisionsverband-egen-for-breaches-of-the-prospectus-regulation/
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2026-06-19 08:21:59 · msolomon@vixio.com
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TITLE: Austria's Financial Market Authority Imposes Fine on Raiffeisenlandesbank Burgenland for Prospectus Regulation Breaches BODY: On June 16, 2026, Austria's Financial Market Authority (FMA) imposed a fine of EUR 20,000 on Raiffeisenlandesbank Burgenland und Revisionsverband eGen for breaches of the Prospectus Regulation (EU) 2017/1129. The FMA concluded proceedings in an accelerated manner pursuant to Article 22, paragraph 2b of the Financial Market Authority Act (FMABG). Raiffeisenlandesbank Burgenland und Revisionsverband eGen contravened Article 22(3) of the Prospectus Regulation by making publicity available in a folder that did not match the information contained in the prospectus. Additionally, the institution failed to comply with Article 22(2) of the Prospectus Regulation by not advising in its publicity that a prospectus had been published. These provisions serve critical investor protection purposes and address information asymmetries between investors and issuers by ensuring proper disclosure of material information. The penal order is final and not subject to further appeal. This enforcement action underscores the FMA's commitment to ensuring compliance with prospectus disclosure requirements among financial institutions operating in Austria.
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  • Created:2026-06-19 08:21:59
  • By:msolomon@vixio.com (40)