Regulatory Alerts2026-04-21
Rating Agencies Enforcement Act (RAVG)
Austria enacted the Rating Agencies Enforcement Act to transpose and enforce European Union regulations governing credit rating agencies. The Financial Market Authority (FMA) is designated as the competent authority responsible for supervising compliance, collecting information, and assisting the European Securities and Markets Authority. The legislation establishes administrative fines of up to EUR 100,000 for violations regarding the use or solicitation of ratings and mandates the public publication of sanctions by the FMA.
Share