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

_IMF Staff Country Reports, July 2, 2008_

## Source details

**Canonical URL:** [Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IOSCO Objectives and Principles of Securities Regulation](https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-financial-sector-assessment-program-update-technical-note-factual-update-and-22118)

## Other formats

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## Bibliographic details
- Published: July 2, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802450.002

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### Scope and focus
- Technical note focuses on the International Organization of Securities Commissions objectives and principles of securities regulations of Austria.
- Builds on a prior 2003 assessment.

### Key findings
- The 2003 assessment found that Austria had "fully broadly implemented a large majority of principles."
- Human resources of the Securities Supervision Department of the Financial Market Authority (FMA) are insufficient and should be increased, especially to conduct on-site inspections.
  - Recommendation explicitly notes increases should be made in addition to the 14 planned appointments.
- Administrative fines should be raised further to levels elsewhere in Europe.

### Subjects and keywords covered
- Subjects: 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

### Publication metadata and statistics
- Publication date: July 2, 2008
- Pages: 27
- Volume: 2008
- Issue: 206
- Series: Country Report No. 2008/206
- DOI: https://doi.org/10.5089/9781451802450.002
- Stock No: 1AUTEA2008006
- ISBN: 9781451802450
- ISSN: 1934-7685

*International Monetary Fund. Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IOSCO Objectives and Principles of Securities Regulation (IMF Staff Country Reports 2008, 206).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-financial-sector-assessment-program-update-technical-note-factual-update-and-22118_