Regulatory Alerts2024-09-13
Added · Updated
Pensionskassen Act (PKG)
The Austrian Federal Act on the Establishment, Administration and Supervision of Pensionskassen regulates the legal framework for pension funds operating as joint stock companies. It mandates that these institutions provide old-age, survivors, and invalidity pensions while guaranteeing minimum yields and maintaining asset security. The legislation defines single- and multi-employer structures, establishes strict ownership notification thresholds, and subjects all operations to the supervision of the Financial Market Authority.
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