Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IOSCO Objectives and Principles of Securities Regulation

July 2, 2008

Summary

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:
https://doi.org/10.5089/9781451802450.002
Issue:
206
Series:
Country Report No. 2008/206
Stock No:
1AUTEA2008006
ISBN:
9781451802450
ISSN:
1934-7685

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