Modification Of Hybrid Regulation

Original Language Title: Änderung der Hybridverordnung

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
246. Regulation of the financial market authority (FMA), modifies the hybrid regulation

On the basis of § 23 para 17 of the law on banking - Banking Act, BGBl. No. 532/1993, as last amended by Federal Law Gazette I no. 184/2013, is prescribed:

The regulation of the financial market authority (FMA) on the recognition of hybrid capital (hybrid regulation - HybV), Federal Law Gazette II No. 336/2010, is amended as follows:

1. in the heading of section 2, the phrase "In force" is replaced by the phrase "Home and force".

2. the existing text of § 2 receives the sales designation (1). The following paragraph 2 is added:

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

Ettl Kumpf Müller