Large Credit Evidence Exchange Regulation

Original Language Title: Änderung der Großkreditevidenzaustauschverordnung

Read the untranslated law here: https://www.global-regulation.com/law/austria/2997705/nderung-der-grokreditevidenzaustauschverordnung-.html

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.
42. Regulation of the financial market authority (FMA), with the major credit evidence exchange regulation is amended

On the basis of article 75 para 8 of the Banking Act - BWG, BGBl. No. 532/1993, as last amended by Federal Law Gazette I no. 145/2011, is prescribed:

The regulation of the financial market authority (FMA) on the international exchange of data of major credit evidence (large credit evidence exchange regulation - GKE AustauschV), Federal Law Gazette II No. 299/2005, as last amended by regulation Federal Law Gazette II No. 182/2011, is amended as follows:

1. 8 be added following Z in article 1:



"8 Česka národní banka" 2. Article 2, paragraph 1 reads:

(1) in section 1, Z are 1, 3, 4, 5, 6, 7 and 8 above facilities monthly with each one last day of month as date total indebtedness of the borrower in accordance with article 75, paragraph 1 BWG and the information relevant to the secure identification of borrower in accordance with paragraphs 2 to 5 to submit. § 1 Z 2 mentioned institution are quarterly to communicate the above information with the dates 31 March, 30 June, 30 September and 31 December.

The following paragraph 3 is added to § 3. 5:

"(3) § 1 Z 8 and § 2 para 1 as amended by the regulation BGBl. II Nr 42/2012 1 March 2012 into force."

Ettl Pribil