Regulatory Alerts2026-05-07
Securities Supervision Act 2018 (WAG 2018)
The Austrian Federal Ministry issued the Securities Supervision Act 2018 to transpose EU directives and establish the regulatory framework for investment firms and financial markets in Austria. The legislation defines key terms, outlines organizational requirements for investment services, and mandates strict safeguards for client assets and conflicts of interest. It further grants supervisory powers to the Financial Market Authority (FMA) to enforce compliance, impose sanctions, and cooperate with European and third-country authorities.
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