Regulatory Alerts2018-11-28
Regulation of the Financial Market Authority regarding the reserves of credit institutions (ResV)
The Austrian Financial Market Authority mandates that credit institutions report undisclosed reserves and losses separately to the Oesterreichische Nationalbank within six months of the balance sheet date. The regulation defines specific reporting requirements for market value differences in securities, participations, real estate, and receivables, while allowing pension and severance deficits to mitigate reported reserves. These provisions apply to financial years ending after 30 December 2010 and utilize a standardized electronic format detailed in the regulation's annex.
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