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Austria

The Stock Exchange Act and trading rules of Wiener Börse AG were enacted to counteract preemptive market abuse and facilitate the exposure of cases.

Overview: This law, which came into force on January 3, 2018, transposes the provisions in MAR into Austrian securities law. The trading rules of Wiener Börse AG (Vienna Stock Exchange) play an important role with regard to market abuse. Among other things, they are designed to counteract market abuse before it actually occurs and to facilitate the exposure of cases where breaches have occurred.

  • Article 154 para. 1 no. 3 BörseG 2018 in conjunction with Articles 12 and 15 MAR – prohibits market manipulation
  • Article 164 BörseG 2018 – prohibits market manipulation
  • Article 154 para. 1 nos. 1 and 2 BörseG 2018 in conjunction with Articles 8 to 11 and 14 MAR and Article 163 BörseG 2018 – prohibits insider dealing

Resources & Insights

Nasdaq Crypto Regulation Guide: Europe

Nasdaq Crypto Regulation Guide: Europe

Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide Europe provides a snapshot of recent recommendations from international regulatory and standards-setting bodies as well as key developments in Europe.

Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

The EU recently passed the Markets in Crypto-Assets (MiCA) regulation which will go into effect in 2024. The monumental vote will set global standards for the regulation of crypto-assets. Read our paper to learn more about the articles within MiCA pertaining to market abuse.

Practical Guide: Markets in Crypto Assets (MiCA) Regulation

Practical Guide: Markets in Crypto Assets (MiCA) Regulation

With MiCA scheduled to go into effect in 2024, crypto-asset market participants should expect more stringent surveillance requirements once the regulation is implemented. Now is the time to implement technology and processes to monitor for market abuse, money laundering, and fraud – not only to ensure compliance, but also to protect investors, instill confidence, promote integrity, and attract clients.