Commercial Investment Adviser Regulation

Original Language Title: Gewerblicher Vermögensberater-Verordnung

Read the untranslated law here: https://www.global-regulation.com/law/austria/2997624/gewerblicher-vermgensberater-verordnung.html

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87. Regulation of the Federal Minister of economy, family and youth about the admission requirements for the regulated sector of the commercial asset management (commercial investment adviser Regulation)

On the basis of § 18 para 1 of the Gewerbeordnung 1994, BGBl. No. 194/1994, as last amended by Federal Law Gazette I no. 144/2011 and amended the by-laws Federal Law Gazette I no. 6/2012, is prescribed:

Entry requirements

The professional qualification for the inaugural of the unrestricted trade of commercial asset management § 1 (1) is the of the following supporting documents (§ 94 Z 75 GewO 1994) to be considered fulfilled:



1 testimonials about the successfully dropped qualification examination or 2. testimonies of a) the successful completion of a professionally relevant business studies, a technically relevant, at least semester University course or a technically relevant, at least viersemestrigen University course or a technically relevant, at least semester course of university level (per training course at least 75 ECTS) and b) a minimum one-year professional work in the industry or in an other company , in which the candidates with relevant professional activities was responsible.

(2) as a highly relevant training in the sense of paragraph 1 subpara 2 lit. (a) shall have training, which includes courses in the areas of investment, financing and life and accident insurance. As technically relevant activities within the meaning of para 1 subpara 2 lit. b are in the relevant counselling incurred trade and brokering or relevant consulting and brokering in other companies, particularly in credit company or the securities supervision Act to see underlying investment firms and investment service providers. The relevant activities must include experience in the areas of investment, financing and life and accident insurance and pro rata extended vollzeitlichem scope, or when part time activities take place.

The professional qualification for the inaugural of the industry of the commercial asset management limited on the staff and mortgage mediation § 2 (1) is the of the following supporting documents (§ 94 Z 75 GewO 1994) to be considered fulfilled:



1 testimonials about the successfully saved limited qualification examination or 2. testimonies of a) the successful completion of a professionally relevant business studies, a technically relevant, at least semester University course or a technically relevant, at least viersemestrigen University course or a technically relevant, at least semester course of university level (per training course at least 75 ECTS) and b) a minimum one-year professional work in the industry or in an other company , in which the candidates with relevant professional activities was responsible.

(2) as a highly relevant training in the sense of paragraph 1 subpara 2 lit. an education, what courses in the field of finance applies includes a. As technically relevant activities within the meaning of para 1 subpara 2 lit. b are in restricted businesses incurred relevant consulting and brokering or relevant consulting and mediation activities in other companies, particularly in credit company to see. The relevant activities must include experience in the field of finance and pro rata extended vollzeitlichem scope, or when part time activities take place.

Transitional provisions

2. (1) this regulation at the end of the day of their by-laws enter into force. With the entry into force of this regulation the regulation BGBl. No. enters II 95/2003 override.

(2) certificates on successfully dropped assessment pursuant to section 1 para 1 No. 3 of regulation BGBl. II No. 284/1999, as well as testimonies successfully dropped assessment pursuant to section 1 para 1 subpara 1 of regulation BGBl. II No. 95/2003 considered testimonials about the successfully dropped qualification examination in accordance with article 1, paragraph 1 Z 1 of this regulation.

(3) evidence of a successfully dropped qualification examination pursuant to section 2 of the Ordinance BGBl. No. 100/1978, testimonies of a successfully created test in accordance with §§ 3, 6 and 7 of regulation BGBl. II No. 284/1999 as well as testimonials about successfully dropped testing referred to in section 2 paragraph 1 of regulation BGBl. II No 95/2003 apply as evidence for the industry of commercial asset management limited on the mediation of personal loans.

(4) evidence of a successfully dropped qualification examination pursuant to section 2 of the Ordinance BGBl. No. 368/1978, testimonies of a successfully stored testing in accordance with sections 8 and 9 of regulation BGBl. II No. 284/1999 as well as testimonials about inspecting successfully deposited according to section 2 paragraph 2 of regulation BGBl. II No 95/2003 apply as evidence for the industry of commercial investment advisors limited to providing mortgages and asset management.

(5) the successful visiting of the University of world trade in Vienna in accordance with the study and examination regulations, BGBl. No. 318/1930, is the successful completion of the appropriate section 1 No. 2 lit. assimilated to a referred study.

Mitterlehner