The U.S. Securities Exchange Commission has awarded the Vienna Stock Exchange (VSE) the status of a “Designated Offshore Securities Market”, according to the U.S. Securities Act of 1933.
With this status, VSE joins the exclusive club of nearly 30 international stock exchanges with the same designation, such as Hong Kong and Frankfurt.
“The involvement and the interest of US-investors in the Austrian capital market have increased drastically in recent years. We expect that it will become easier for Austrian corporations to obtain capital from US-investors”, said Michael Buhl, Member of the VSE Board of Directors.
For investors this means, banks which regularly distribute Research Reports on companies listed on VSE, will be enabled to distribute such in future without interruptions or limitations also in the United States of America, says BA-CA’s custody head in Vienna Andreas Petzl.