The Austrian Financial Market Authority has introduced the BVQA-V regulation, establishing new quarterly reporting requirements for company provision funds. This update necessitates immediate attention from compliance teams managing pension-related assets to ensure accurate and timely regulatory disclosures.
The Austrian Financial Market Authority has introduced the AndKo-SoV regulation, focusing on due diligence requirements for specific account types. This update necessitates a review of existing oversight frameworks to ensure alignment with updated CRD and CRR standards.
The Financial Conduct Authority (FCA) has issued a Final Notice against Paul Vincent Taylor, imposing a financial penalty of GBP £489,000 and a permanent prohibition from performing regulated functions. This enforcement action stems from dishonest misrepresentations regarding the ownership of a bond portfolio during commercial negotiations.
The Austrian Financial Market Authority (FMA) has issued an update to the Building Society Act Ordinance regarding loan limits and contract transfer protocols. This regulation introduces specific thresholds for building society loans and establishes new calculation methods for the building society protection fund.
The Austrian Financial Market Authority (FMA) has experienced a technical server error, resulting in the unavailability of recent regulatory updates. Compliance teams must monitor for data gaps and prepare for potential delays in regulatory reporting or oversight activities caused by this system outage.
This regulation establishes the framework for notifying the Austrian Financial Market Authority (FMA) regarding intended acquisitions, increases, or disposals of qualified holdings. Compliance teams must ensure all notifications involving credit institutions, insurance companies, and payment institutions meet strict accuracy and documentation standards.
The Austrian Financial Market Authority (FMA) has issued an ordinance regarding the applicability of simplified due diligence obligations for certain escrow accounts held by lawyers, notaries, and property managers. This regulation allows credit institutions to apply reduced due diligence measures under specific conditions, provided they can effectively monitor for unusual or suspicious transactions.
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