Regulatory Alerts2026-06-22
Regulation on the Annex to the Audit Report (AP-VO)
The Austrian Financial Market Authority (FMA) mandates a standardized electronic annex to the audit report for credit and financial institutions to document compliance with prudential and supervisory requirements under the Banking Act. The regulation prescribes detailed audit modules covering capital adequacy, liquidity, large exposures, anti-money laundering due diligence, internal controls, licensing, and specific incident reporting, with all findings requiring explicit legal references. It establishes strict submission deadlines to both the FMA and the Oesterreichische Nationalbank, outlines transitional application rules for financial years ending after specific dates, and repeals the prior prudential report regulation.
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