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

International Monetary Fund

No 2008/206, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; FMA staff; management company; client relationship; investor protection remit permit; market monitoring; insider dealing; pension company sector; External audit; Securities; Financial Sector Assessment Program; Auditing; Securities markets; Europe (search for similar items in EconPapers)
Pages: 27
Date: 2008-07-02
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