Regulatory Alerts2018-08-14
Regulation on Qualifying Holdings 2016
The Financial Market Authority of Austria issued the Regulation on Qualifying Holdings 2016 to standardize notification procedures for acquiring, increasing, or reducing qualifying holdings in credit institutions, insurance undertakings, and investment service providers. The regulation mandates that parties submit complete, correct, and current information using specific forms, including details on identity, business activities, and the impact on the target undertaking's governance. It further specifies exemptions for resubmitting previously provided data and outlines distinct information requirements based on whether the notifying entity is domestic, EEA-authorized, or part of a corporate group.
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