Overview

Austria's Financial Market Authority recently amended the compliance regulation "Emittenten-Compliance-Verordnung 2007", to introduce the concept of "compliance-relevant information". The new concept not only includes inside information but also captures any information which may be "confidential and price-sensitive". By extending the scope of the ECV 2007, the FMA aims to ensure that the new compliance regime kicks in at the earliest stage possible.

Schoenherr look in detail at the changes heralded by the ECV 2007 amendment; the FMA's circular on compliance rules; and the measures issuers and advisors will need to take.

To read on, click 'View Briefing'.