Amendment Of The Großkreditmeldungs Regulation

Original Language Title: Änderung der Großkreditmeldungs-Verordnung

Read the untranslated law here: https://www.global-regulation.com/law/austria/2997317/nderung-der-grokreditmeldungs-verordnung-.html

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272 regulation of the financial market authority (FMA), which modifies the Großkreditmeldungs regulation

On the basis of section 75 para 6 of the law on banking - Banking Act, BGBl. No. 532/1993, as last amended by Federal Law Gazette I no. 35/2012, is prescribed:

Großkreditmeldungs regulation GKM-V, Federal Law Gazette II No. 475/2006, as last amended by the Decree Federal Law Gazette II No. 64/2011, is amended as follows:

1. paragraph 1 section 1a:

"(1a) notifiable parent credit institutions as well as the Central Organization of a network of credit institutions have to reimburse para 1a Banking Act the message of large exposures pursuant to § 2 para 4 to the Austrian National Bank under the condition of § 75."

2. § 2 para 4 is: "(4) parent credit institutions and the Central Organization of a group of credit institutions have to integrate the large credit message section 75 para 1a Banking Act according to annex 4."

The following paragraph 3 is added to § 3. 14:

"(3) § 1 par. 1a and article 2 par. 4 amended by regulation BGBl. II are no 272/2012 first messages to the registration date September 30, 2012 to apply."

Ettl Pribil