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Capital Markets and Securities Law

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Capital market players such as credit institutions, investment service providers and fund managers are confronted with ever more complex regulations. The legal development is subject to constant change, in particular due to EU law requirements, which poses challenges for both young and established capital market participants.

We support our clients in all matters relating to capital market and securities law. In addition, we have a wealth of experience in administrative criminal proceedings.

Our focus

  • IPOs, takeovers, capital increases and bond issues

  • Preparation of documentation for offering circulars, bonds and debt issuance programmes (MTN)

  • Preparation and auditing of capital market and stock exchange admission prospectuses

  • Consultancy on how to fulfil regulatory requirements

  • Representation in administrative criminal proceedings for violating supervisory regulations

  • Consultancy in connection with alternative investment funds (AIF)

  • Legal Opinions

  • Advice on ad hoc publicity, reporting requirements, corporate governance, market behaviour and insider trading

  • Preparation and execution of annual general meetings

  • Advising domestic and foreign investment funds on registration

  • Advice on alternative financing options (e.g. crowdinvesting)

  • Passporting of UCITS-compliant funds

  • Trainings on capital market and securities law

  • Preparation for fit & proper tests

Meet the team

Dr. Bernd Fletzberger

Dr. Bernd Fletzberger

T +43 1 877 04 54
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Mag. Sanijel Ficulovic

Mag. Sanijel Ficulovic

T +43 1 877 04 54
M  This email address is being protected from spambots. You need JavaScript enabled to view it.

Christopher Falke

Christopher Falke, LL.M.

T +43 1 877 04 54
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All our lawyers

  • Bernd Fletzberger of PFR Rechtsanwälte is known in the market for his expertise in a broad range of banking and finance regulatory issues. He offers strength in fintech-related matters, including payment services and cryptocurrencies. He also has good experience advising on mandates relating to the FMA.”

    Chambers Europe Guide 2024 (Banking & Finance: Regulatory)

  • Deep knowledge of the banking regulatory framework combined with an understanding of the goals, processes and expectations of the regulator.

    Legal 500 Guide 2024 (Banking & Finance)

    You have questions?
    We have answers.

    +43 (1) 877 04 54
    Contact us

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    Relevant publications

    Legal commentary of sections 16, 23 and 24 Investment Services Act (2012)

    §§ 16, 23, 24 in N. Raschauer/Gruber, Großkommentar zum Wertpapieraufsichtsgesetz 2007

    Disclosure of major transactions with related parties

    Disclosure of major transactions with related parties pursuant to the Stock Exchange Act, ZFR 2009/2, 45

    EU will strictly regulate rating agencies

    EU will strictly regulate rating agencies, Wirtschaftsblatt vom 5.2.2009

    New investor compensation

    New investor compensation, ZFR 2009/18, 34f