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

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.

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Year of publication:	2008-07-02
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Financial Sector Assessment Program \| Securities regulations \| market manipulation \| insider dealing \| external auditors \| collective investment schemes \| investors \| investment services \| collective investment scheme \| investment fund \| securities regulation \| criminal sanctions \| supervisory boards \| risk management \| transferable securities \| banking supervision \| securities markets \| administrative sanctions \| investor protection \| company law \| initial public offerings \| regulatory requirements \| securities regulators \| client money \| enforcement powers \| suspicious transactions \| investment management \| market intermediaries \| insider trading \| minority shareholders \| banking secrecy \| foreign regulators \| market participants \| exchange information \| assessing compliance \| prudential risks \| domestic legislation \| anti ? money laundering \| iosco principles \| reporting obligations \| adequate powers \| short selling \| secrecy provisions \| otc transactions \| legal impediments \| regulatory environment \| due diligence \| conducting investigations \| prudential supervision \| compliance function \| secrecy legislation \| market integrity \| civil law jurisdictions \| domestic law \| dual criminality \| internal audit \| disclosure requirements \| professional secrecy \| criminal case \| money laundering \| risk management procedures \| institutional investors \| external auditing \| legal liability \| internal organization \| investment activity

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/206 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244489