Change The Maximum Interest Rate Regulation

Original Language Title: Änderung der Höchstzinssatzverordnung

Read the untranslated law here: http://www.ris.bka.gv.at/Dokumente/BgblAuth/BGBLA_2014_II_179/BGBLA_2014_II_179.html

179. Regulation of the financial market authority (FMA), modifies the maximum interest rate regulation

On the basis of § 85 para 1 and 2 No. 2 of the insurance supervision Act - VAG, BGBl. No. 569/1978, as last amended by Federal Law Gazette I no. 42/2014, is prescribed:

The regulation of the financial market authority mark (FMA), used to set a maximum rate for the calculation of the technical provisions in life insurance (maximum interest rate regulation), Federal Law Gazette No. 70/1995, last amended by regulation Federal Law Gazette II No. 396/2013, is amended as follows:

1. in article 2, paragraph 1, first and second sentence is "1.75 vH" "1.50 per cent" replaced by the value of the value.

The following paragraph 9 is added to § 2. 6:

"(9) § 2 para 1 in the version of regulation BGBl. No. 179/2014 II comes with 1 January 2015 in force and is insurance contracts to apply, which will be completed after 31 December 2014 or their insurance after March 31, 2015."

Ettl Kumpf Müller