Service Finder
Have securities prospectuses approved
Service Description
Securities prospectuses provide investors with information about securities and issuers. The prospectuses help investors to make an informed investment decision. In Germany, these prospectuses are generally required by law. However, there are exceptions where the obligation to publish a prospectus does not apply.
If your security is subject to a prospectus requirement, you must publish the associated prospectus before the security is offered to the public or admitted to trading on a regulated market. The prospectus must contain the minimum statutory information stipulated by the EU Prospectus Regulation. In addition, the prospectus must be approved by the German Federal Financial Supervisory Authority (BaFin) prior to publication.
BaFin checks whether the prospectus meets the legal requirements. It is important that it contains complete, comprehensible and consistent information about the security. However, BaFin does not assess the seriousness of your offer.
You can only submit the prospectus for review via BaFin's notification and publication platform (MVP)
Process flow
You can submit the application for approval online:
- Log in to the MVP portal with your access data.
- If you do not yet have access: First register on the MVP Portal.
- Select the specialist procedure "Prospectuses (VO/WpPG/VermAnlG)".
- Please note that you must be registered for the specialist procedure. If you are not yet registered, you can do so in the "Specialist procedure" section ("Apply for specialist procedure").
- Select "Submit notification" and complete the online application.
- After activation, upload the approvable prospectus and the other required documents in a ZIP file.
- Submit all documents exclusively via the MVP.
- Always check whether the transmission was successful in the "View log" menu item. Only then can the transmission be considered successful.
- You will only receive confirmation of receipt from BaFin once the documents have been successfully transmitted.
If the documents are complete and the securities prospectus meets the legal requirements, you will receive a notification of approval from BaFin. If the prospectus does not meet the requirements or the documents are incomplete, BaFin will inform you. You then have the opportunity to correct the deficiencies.
Requirements
The content and form of the prospectus must comply with the legal requirements.
Which documents are required?
- Cover letter including application
- Crossover checklists
- Draft prospectus
- Power of attorney, if applicable
What are the fees?
Fees are charged in accordance with the Financial Services Supervision Fees Ordinance (FinDAGebV).
What deadlines do I have to pay attention to?
Consultation Period: 10 Days
Processing duration
- BaFin will inform you within 10 working days whether the securities prospectus has been approved or not. This deadline applies from the date on which BaFin has received all documents in full.
- The deadline is extended to 20 working days if the securities have not yet been admitted to trading and you have not previously offered any securities to the public.
Legal basis
Art. 20 PVO 2017/1129
Applications / forms
Contradiction
Appeal
Forms available: No
Written form required: No
Informal application possible: No
Personal appearance necessary: No
Further Information
Author
German Federal Financial Supervisory Authority (BaFin)
Forwarding service: Deep link to the original portal
The text was automatically translated based on the German content.
Technically approved by
Federal Ministry of Finance (BMF)
Professionally released on
12.05.2022
Source: Zuständigkeitsfinder Thüringen (Linie6PLus)
Start your request directly online:
Competent Authority
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), MVP-Antragsverfahren
Address
60439 Frankfurt am Main
WWW
Contact formOpening times
No public traffic is planned.
Further Authorities
Address
60439 Frankfurt am Main
Telephone
+49 228 41080Fax
+49 228 410863110Remark: For the submission of applications.
Address
60439 Frankfurt am Main
Telephone
+49 228 41080Fax
+49 228 410863110Remark: For the submission of applications.
