Regulatory Alerts2014-08-01
Added · Updated
FMA Minimum Standards on the Formal Requirements of a Business Plan Submission and on Business Plan Structure
The Austrian Financial Market Authority (FMA) issued these minimum standards in August 2014 to define the formal requirements and structure for business plan submissions by Pensionskassen under Article 20 of the Pensionskassen Act. The document mandates specific administrative procedures, including signed applications, sequential page numbering, and the electronic transmission of both current and tracked versions of business plans. It further prescribes a detailed specimen structure for business plan content, covering benefit types, actuarial calculations, risk management, and financial reserves to ensure consistent regulatory review.
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