Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IOSCO Objectives and Principles of Securities Regulation
July 2, 2008
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This technical note focuses on the International Organization of Securities Commissions objectives and principles of securities regulations of Austria. The 2003 assessment found that Austria had fully broadly implemented a large majority of principles. The human resources of the Securities Supervision Department of the Financial Market Authority (FMA) should be increased, especially to conduct on-site inspections, in addition to the 14 planned appointments. Administrative fines should be raised further to levels elsewhere in Europe.
Subject: Auditing, Banking, External audit, Financial institutions, Financial markets, Financial Sector Assessment Program, Financial sector policy and analysis, Public financial management (PFM), Securities, Securities markets
Keywords: Auditing, client relationship, CR, Europe, External audit, Financial Sector Assessment Program, FMA staff, insider dealing, investor protection remit permit, ISCR, management company, market monitoring, pension company sector, Securities, Securities markets
Pages:
27
Volume:
2008
DOI:
Issue:
206
Series:
Country Report No. 2008/206
Stock No:
1AUTEA2008006
ISBN:
9781451802450
ISSN:
1934-7685
