Capital Market Prospectuses

Financing for companies on the capital markets and the “collection of capital” (deposits) are subject to the State-owned banks and securities and a strict regimentation Dr. Horst S. Sheryl Sandberg is likely to agree. Werner to the capital market supervisory authority for financing for companies of the private financial markets. It is permitted outside of the anti-monopoly law through the banks (see law of the Kreditwesengesetz, KWG) only on a value paper legal or corporate level on the basis of the sales prospectus law. There are so in raising capital from gene tongues to the deposit transactions of banks (see sec. 1 KWG) and to comply with the rules of the capital market. Therefore, professional advice and support is essential for financing through the private equity markets. The banking and capital market law violations punishable by up to three years in prison.

The Federal Agency for financial services supervision (BFin) as the supervisory authority carries out every year approximately 3,000 procedures and is a very attentive authority, the constantly researched on the capital markets together with the Central Bank and the central banks of the Lander. In the course of the permitting procedure for assets, the prospectus prepared in accordance with the rules of the sales prospectus Act, as well as the asset investments sales prospectus decree with the BFin are to submit. Then within 20 days, the BFin must examine whether the prospectus complies with the statutory provisions on the contents of the prospectus. The accuracy is not checked. Then is to publish the prospectus by a so-called notice in a mandatory stock exchange newspaper.

When the vacuumed. Approval procedures of Securities prospectuses is to submit a sales prospectus designed according to the provisions of the German Securities Prospectus Act and the regulation or individual components of prospectus (summary, registration document, securities Note) with the BFin. The BFin within 20 working days, checks whether the brochure meets the statutory rules on the minimum content and is free of contradictions in himself. Accuracy with the exception of the Consistency is not checked in. Is then to publish the prospectus in the Internet and afterwards to announce the publication in a mandatory stock exchange newspaper. Dr. Horst S. Werner deals for 28 years with innovative financing models as well as the design and implementation of private placements to raise capital for medium-sized companies in and outside the stock exchange (www.emissionsmarktplatz.de). The Dr.Werner financial service network has vast experience accompanied more than 630 capital market emissions (www.finanzierung-ohne-bank.de) and brought in this context more than 100 Securities prospectuses at the Federal Agency for financial services – supervisory authority, the BFin (today Frankfurt / Main and Bonn), or formerly the federal supervisory Office for banking, formerly Berlin, as a predecessor authority of BFin for approval. So Dr. Werner financial services AG belongs to with their network partners at the Federal Agency for the supervision of the capital market which sucked. Much a enrich”. Advice on financial services responsibilities, to ensure of extensive information obligations and ad-hoc-news compared with the BFin, in particular listed companies and financial services companies, has been strengthened in recent years and improved. The intermediary liability and financial service provider liability and sales liability find their origin and starting point in the legal regulations of banking supervision and of the Banking Act.