Regulatory Alerts2026-04-22
Securities Financing Transactions Enforcement Act (SFT-Vollzugsgesetz)
The Austrian Federal Act implements Regulation (EU) 2015/2365 by designating the Financial Market Authority (FMA) as the competent supervisory authority for monitoring securities financing transactions. The legislation establishes strict administrative penalties, including fines up to EUR 15 million or 10% of annual turnover for legal persons, for breaches of reporting, record retention, and reuse obligations. Furthermore, it mandates the public disclosure of sanctions, protects whistleblowers from retaliation, and requires the FMA to report enforcement actions to the European Securities and Markets Authority (ESMA).
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