Adherence to the Austrian Compliance Guideline

In order to prevent the misuse of insider information, the Issuer Compliance Regulation (ECV) by the financial markets authorities went into effect on April 1, 2002 and was revised due to a Stock Exchange Act amendment in 2005. For the execution of the directives by the Stock Exchange Act and the ECV, UBM has issued a new compliance guideline that went into effect in June 2005. With this guideline, the information transfer within the company and the procedures for the monitoring of all internal and external information flow are regulated in order to prevent fraudulent uses thereof.


The goal is the instruction of the employees and agencies as well as the consultants and others performing services for UBM about the legal restriction regarding the misuse of insider information. At UBM, eight consistent confidential areas were defined. In addition, the person responsible for compliance is setting up temporary confidential areas in coordination with the management that will apply to outside project collaborators who have access to insider information (creation of annual report, quarterly reports, etc).  Along with the control of the adherence to the guideline, the person responsible for compliance also assumes responsibility for the relevant instruction of the staff members as well as the implementation of a compliance register.

Explicit blocking periods and trade prohibitions with UBM stock are intended to prevent fraudulent use of insider information.


Corporate Governance

UBM has not submitted any statement of obligation regarding the adherence to the Austrian Corporate Governance Codex so far. However, independently thereof, all legal regulations and most of the “comply or explain” regulations are followed.