Value Paper Mediation Regulation

Original Language Title: Wertpapiervermittlungsverordnung

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88. Regulation of the Federal Minister for Economic Affairs, Family and Youth on the conditions for access to the regulated trade in securities exchange (Securities and Exchange Ordinance)

On the basis of section 18 (1) and section 352a (1) of the Commercial Code 1994, BGBl. No. 194/1994, as last amended by the Federal Law BGBl. I No 144/2011 and in the version of the BGBl demonstration. I n ° 6/2012, shall be arranged:

Access requirements

§ 1. (1) The supporting documents cited below shall be deemed to be satisfied with the professional qualification to enter the full business of the securities broker (§ 94 Z 77 GewO 1994):

1.

Certificates of successfully completed aptitude test, or

2.

Certificates of

a)

the successful completion of a professionally relevant economic studies programme, the successful completion of a subject-specific, at least four-semester university of applied sciences degree course or a subject-specific, at least four-semester university course or a subject-specific, at least four-semester course of university character (at least 75 ECTS), and

b)

a minimum of one year's professional activity.

(2) As a technically relevant training within the meaning of paragraph 1 Z 2 lit. a is an education, which includes courses in the field of investments. As professional activities within the meaning of paragraph 1 Z 2 lit. (b) the relevant advisory and mediation activities in the commercial sector, or relevant advice and mediation activities in other undertakings, in particular in credit undertakings or the securities supervisory law; investment firms and investment services firms. The relevant activity must include experience in the field of investment and must be carried out in full-time and/or shall be extended in part-time activities on a pro rata basis.

Audit fee

§ 2. The examination fee for the securities broker is within the meaning of Annex 1 of the General Examination Regulations, BGBl. II No 110/2004, 12% of the civil servant's salary referred to in Article 5 (2) of the General Examination Regulations.

entry into force

§ 3. This Regulation shall enter into force at the end of the day of its operation.

Mitterlehner