Regulatory Alerts2026-05-12
Added · Updated
Benchmarking Enforcement Act (RW-VG)
The Austrian Federal Act implements Regulation (EU) 2016/1011 on financial benchmarks, designating the Austrian Financial Market Authority (FMA) as the competent supervisory authority. The FMA is empowered to conduct inspections, demand information, and impose administrative fines of up to EUR 1,000,000 or 10% of annual turnover on legal persons for non-compliance. The legislation establishes specific penal provisions for unauthorized benchmark administration and breaches of governance, transparency, and reporting obligations.
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