Regulatory Alerts2026-04-24
STS Securitisation Enforcement Act (STS-VVG)
The Austrian Federal Act implements Regulation (EU) 2017/2402 by establishing a specific legal framework for simple, transparent, and standardised securitisation within Austria. The Austrian Financial Market Authority (FMA) is designated as the competent authority responsible for supervising market participants, including originators, sponsors, and institutional investors, to ensure compliance with transparency and risk retention requirements. The legislation empowers the FMA to impose significant administrative fines, revoke authorisations, and publicly announce sanctions against entities that breach these regulatory obligations.
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