WIB or BIB – When Must Which Documentation Be Provided?
In principle, a WIB can be prepared instead of a securities prospectus for securities issues with smaller volumes in Germany. In certain cases, however, a BIB must be prepared instead of the WIB. What are the differences between the various information sheets and what advantages are associated with each of them?
Raising Money via the Capital Market – What Financial Information Must Be Included in a Securities Prospectus & a Securities Information Document (WIB)?
How can small and medium-sized enterprises benefit from simplifications regarding the disclosure of financial information in a securities prospectus or securities information document?
Securities Information Sheet (WIB) for Security Tokens – Can BaFin Delay the Approval Until the Start of the Token Sale?
Occasionally, BaFin refuses to approve WIBs until shortly prior to the start of the public offering, arguing that approval should be granted close in time to the start of the offering in order to ensure that the WIB is up-to-date. Is this administrative practice legally tenable?
