Regulatory Alerts2026-04-24
Financial Conglomerates Act (FKG)
The Austrian Federal Act on the Supplementary Supervision of Credit Institutions, Insurance Undertakings and Investment Firms in a Financial Conglomerate (FKG) establishes a regulatory framework for groups operating across multiple financial sectors. It defines financial conglomerates based on specific asset and solvency thresholds, requiring entities to notify the Financial Market Authority (FMA) when they meet these criteria. The Act mandates supplementary supervision to address risk concentration, intra-group transactions, and capital adequacy within these complex corporate structures.
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