Amendment Of The Financial Conglomerate Quarterly Report Regulation

Original Language Title: Änderung der Finanzkonglomeratsquartalsberichts-Verordnung

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101. Regulation of the financial market authority (FMA), modifies the financial conglomerate quarterly report regulation

On the basis of § 9 par. 5 and § 14 para 5 of the financial conglomerates Act - FKG, Federal Law Gazette I no. 70/2004, as last amended by the Federal Act Federal Law Gazette I no. 58/2010, is - relating to § 14 para 5 FKG with approval of the Federal Minister for finance - prescribed:

Financial conglomerate quarterly report regulation FK-QUAB-V, BGBl. II No 101/2007, as last amended by regulation BGBl. II No 88/2010, is amended as follows:

1. in section 2, paragraph 2, first sentence, the reference is "section 27 para. 4 and 4a Banking Act" by the reference "§ 27 para 11 and 12 BWG" replaced.

2. § 2 para 2 second sentence deleted.

3. paragraph 2 subsection 3:

"(3) for the attribution of the concentration of credit risk to a third party with the provision to apply, that the word"Concentration of credit risk"takes place of the word"Disposition"§ 27, paragraph 13 is BWG."

4. paragraph 4 is omitted § 2.

5. in article 3, paragraph 1, the reference is "section 27, paragraph 2 last sentence, 2a, and 2B BWG" with the reference "§ 27 para 2 to 4 BWG" replaced.

6 paragraph 2 deleted § 3.

7. in article 4, paragraph 1, the reference is "§ 27 para. 3 BWG" by reference "§ 27 para 6 BWG", the reference "article 27 paragraph 3 lit. "f BWG" with the reference "article 27, paragraph 6 lit. "f BWG" and the phrase "credit gewaehrendes Institute" replaced by the phrase "credit gewaehrendes credit institution".

8 paragraph 4 section 2:

"(2) the Additionally supervised company of the group is not proven all relevant information at the level of the financial conglomerate to ensure a risk inventory, assessment, limit, control and supervision within the meaning of section 11 FKG, as well as a limitation in the sense of § 5, shall, notwithstanding paragraph 1, to recalculate credit risk concentrations in these companies with 100%."

9. in section 5 No. 1 is the reference "section 27 para. 4 and 4a Banking Act" by the reference "§ 27 para 11 and 12 BWG" replaced.

10 § 5 No. 3 is: "3. the aggregate amount of weighted credit risk concentration by all companies within the insurance industry of financial conglomerate companies of the banking sector in the financial conglomerate total 25 vH of the eligible own funds at financial conglomerate level not exceed."

11. According to § 5 No. 3 following Z 3a is inserted: '3a.
The aggregated amount of weighted credit risk concentration by all companies of the banking industry of the financial conglomerate in the insurance industry of the financial conglomerate must not exceed 25 vH of the eligible own funds at financial conglomerate level in total."

12. in paragraph 8, the reference is "section 27 para. 4 and 4a Banking Act" by the reference "§ 27 para 11 and 12 BWG" replaced.

13 section 9 is omitted.

14. the existing text of § 10 receives the sales designation (1). The following paragraph 2 is added:

"(2) are messages in amended by regulation Federal Law Gazette II No. 101/2011 to reimburse for the first time on the date June 30, 2011."

15. the system is: (see facilities)

Ettl Pribil

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