Regulatory Alerts2026-04-14
Investment Firms Act (WPFG)
The Austrian Federal Government issued this Investment Firms Act to establish a comprehensive prudential supervision framework for domestic and cross-border investment firms, mandating strict initial capital requirements, robust internal governance, and standardized remuneration policies. The Austrian Financial Market Authority (FMA) exercises supervisory powers to conduct on-site inspections, publish regulatory breaches, and apply Banking Act rules to firms exceeding EUR five billion in assets. The legislation ensures full alignment with EU Regulation 2019/2033 by enforcing detailed reporting, group capital testing, and enhanced disclosure obligations across the Austrian financial sector.
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