Regulatory Alerts2023-07-24
Added · Updated
Regulation supplementing the Building Society Act (BSpkV)
The Austrian Financial Market Authority issued this regulation to supplement the Building Society Act by establishing specific operational limits and definitions for building societies. It caps individual building savings loans at EUR 260,000 while defining large-scale contracts and projects with distinct allocation thresholds and transfer conditions. Additionally, the text governs uncollateralized loans, the calculation and deployment of the Building Society Protection Fund, and permissible lending to associated undertakings.
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