Change The German Solvency Directive

Original Language Title: Änderung der Solvabilitätsverordnung

Read the untranslated law here: http://www.ris.bka.gv.at/Dokumente/BgblAuth/BGBLA_2013_II_266/BGBLA_2013_II_266.html

266. Regulation of the financial market authority (FMA), modifies the solvency regulation

On the basis of § 21 d, paragraph 6, section 21f, para 4, § 22 paragraph 7, section 22a, paragraph 7, of section 22 (b) paragraph 10 and 11, article 22d, par. 5, article 22e, par. 5 and 6, section 22f para 2, of section 22 g paragraph 9 of section 22 h paragraph 7, section 22j para 2 of section 22 k para. 4 and 9, of section 22 l para 4, § 22n para 5 , of § 22o 5 and 22 p para 5 of the law on banking - Banking Act, Federal Law Gazette No. 532/1993, amended by Federal Law Gazette I no. 184/2013, is with the consent of the Federal Minister of finance prescribed:

The regulation of the financial market authority (FMA) on the solvency of credit institutions (Solvv - SolvaV), Federal Law Gazette II No. 374/2006, as last amended by regulation Federal Law Gazette II No. 460/2011, is amended as follows:

1 the following paragraph 3 is added to § the 264:

"(3) this Regulation shall at the end of 31 December 2013 override."

Ettl Kumpf Müller