Regulatory Alerts2014-08-01
FMA Minimum Standards on the Formal Requirements of a Business Plan Submission and on Business Plan Structure
The Austrian Financial Market Authority (FMA) issued these minimum standards in August 2014 to define the formal requirements and structural guidelines for business plan submissions by Pensionskassen under the Pensionskassen Act. The document mandates specific administrative procedures, including signed applications, electronic transmission of documents, and adherence to a detailed specimen structure covering actuarial calculations, reserves, and benefit parameters. These standards serve as practical guidance for ensuring business plans meet statutory approval conditions while allowing companies to maintain higher internal standards.
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