Regulatory Alerts2026-04-21
Added · Updated
Rating Agencies Enforcement Act (RAVG)
Austria enacted the Rating Agencies Enforcement Act to transpose and enforce European Union regulations concerning credit rating agencies, specifically Regulation (EC) No 1060/2009. 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 for violations, including penalties of up to EUR 100,000 for improper use or solicitation of ratings, and mandates the public disclosure of sanctions.
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