Debt Listing: FAQ – Listing Debt Securities on the Regulated Market
- Is an approved prospectus needed in order to list?
Yes, an approved prospectus from another country needs to be passported to Austria or approval needs to be granted by the FMA (Financial monetary Authority). Please note that the necessity for an approved prospectus cannot be waived for listings on the Regulated Market (in contrast to Vienna MTF).
- If I have an approved prospectus passported to Austria, what else do I need before applying to list on the Regulated Market?
Prior to submitting an application form to Vienna Stock Exchange, you would need to have a market member of the exchange countersign your application. This process of agreeing with the appropriate counterpart to support your application may take a number of days and we would therefore suggest that you commence this process as soon as possible.
- How do I find a market member to support my application?
You can find the current list of members here. We are happy to either point you in the right direction or, in some cases, perhaps make an introduction wherever possible.
- How long does it take to list debt securities?
Typically, we reply within a maximum of 2 days for the first review and 1 day for subsequent reviews. Once you have a review without comments, you can submit the final documents. If these are received by 11 AM CET, the application is submitted to the Stock Exchange Commissioner on the same day. The Commissioner has the right to ask for further information.
- What are the requirements regarding paying agents and CSD?
These are generally both required and should be regulated within the European Economic Area.
- Are there different requirements when listing in the Qualified Investor (QI) Segment?
No, the listing requirements are the same as when listing outside the QI Segment. For more information please visit the relevant section.
- What is the delisting process?
A security is automatically delisted upon maturity. If there is a full early redemption, all you need to do is notify us of this fact and the date with which the redemption happened. If there is no redemption (or a partial redemption), then in this case delisting will be subject to a fee. Please contact our client services team regarding how to proceed.
- What are the ongoing obligations?
In addition to the MAR requirements, the EU transparency directive is also applied. We apply the home member state principle which means that all obligations according to the EU transparency directive (especially annual and half year financial reports) have only to be fulfilled in the (selected) home member state. For more detailed information, please consult the ongoing requirements section of this site.
- How do I update the amount outstanding?
In most cases, all you need to do is notify us of the new amount via email and we will update the website. Normally, the updated outstanding amount is submitted by the paying agent or the applicant. In some cases, the issuer may also submit the new outstanding amount.