Regulatory Alerts2026-04-22
Securities Financing Transactions Enforcement Act (SFT-Vollzugsgesetz)
The Austrian Federal Act implements Regulation (EU) 2015/2365 by designating the Financial Market Authority (FMA) as the competent supervisory authority for monitoring compliance with securities financing transaction transparency rules. The legislation establishes strict administrative penalty regimes, including fines of up to EUR 15 million or 10% of annual turnover for legal persons, while mandating whistleblower protections and public disclosure of sanctions. Furthermore, the Act defines specific procedural provisions, limitation periods, and reporting obligations to ESMA to ensure effective enforcement of EU financial market regulations.
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