Regulatory Alerts2024-06-10
Regulation of the Financial Market Authority on Reporting by Deposit Guarantee Schemes
The Austrian Financial Market Authority issued this regulation to standardize reporting requirements for deposit guarantee schemes under the Deposit Guarantee Schemes and Investor Compensation Act. It defines qualified available financial means and specifies two distinct approaches for qualifying financial resources following recovery interventions. The document further mandates technical reporting standards, including currency conversion and electronic transmission to the Oesterreichische Nationalbank, with specific entry-into-force dates for various provisions.
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