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Amendment Of The Financial Conglomerate Quarterly Report Regulation

Original Language Title: Änderung der Finanzkonglomeratsquartalsberichts-Verordnung

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101. Regulation of the Financial Markets Authority (FMA) amending the Financial Conglomerate Quarterly Report Regulation

Pursuant to Section 9 (5) and Section 14 (5) of the Financial Conglomerates Act (FKG), BGBl. I n ° 70/2004, as last amended by the Federal Law BGBl. I n ° 58/2010, is ordered-with the approval of the Federal Minister of Finance-concerning § 14 para. 5 FKG:

The Financial Conglomerate Quarterly Report-Regulation-FK-QUAB-V, BGBl. II No 101/2007, as last amended by the BGBl Regulation. II No 88/2010, shall be amended as follows:

1. In § 2 para. 2, first sentence, the reference "§ 27 (4) and (4a) of the BWG" by reference "§ 27 (11) and (12) BWG" replaced.

2. 2 para. 2 second sentence is deleted.

3. § 2 (3) reads:

"(3) Paragraph 27 (13) of the BWG shall apply to the allocation of credit risk concentration to a third party with the proviso that the word" credit risk concentration "shall be used instead of the word" apportionment ".

4. § 2 (4) deleted.

5. In § 3 (1), the reference "§ 27 (2), last sentence, 2a and 2b of the BWG" by reference "§ 27 (2) to (4) BWG" replaced.

6. § 3 (2) deleted.

7. In § 4 (1) the reference "§ 27 (3) BWG" by reference "§ 27 (6) BWG" , the reference " § 27 para. 3 lit. f BWG " by reference " § 27 (6) lit. f BWG " and the phrase "lending institution" through the phrase "credit institution lending institution" replaced.

8. § 4 (2) reads:

" (2) In addition, the regulated entities of the Group shall not be demonstrably provided with all relevant information in order to collect, assess, limit, control and monitor at the financial conglomerate level in the sense of § 11 FKG as well as to ensure a limitation within the meaning of § 5 shall be weighted, by way of derogation from paragraph 1, for credit risk concentrations in these companies with 100 vH. "

9. In § 5 Z 1 the reference "§ 27 (4) and (4a) of the BWG" by reference "§ 27 (11) and (12) BWG" replaced.

10. § 5 Z 3 reads:

" 3.

The aggregated level of the weighted credit risk concentration of all undertakings in the financial conglomerate's insurance sector in the banking sector of the financial conglomerate may be set at the sum of 25% of the eligible own funds. Financial conglomerate level shall not be exceeded. "

11. In accordance with § 5 Z 3, the following Z 3a is inserted:

" 3a.

The aggregated level of the weighted credit risk concentration of all enterprises in the banking sector of the financial conglomerate in the insurance sector of the financial conglomerate may be set at the sum of 25% of the eligible own funds. Financial conglomerate level shall not be exceeded. "

12. In § 8, the reference "§ 27 (4) and (4a) of the BWG" by reference "§ 27 (11) and (12) BWG" replaced.

13. § 9 deleted.

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

" (2) Notifications in the version of the BGBl Regulation. II No 101/2011 should be reimbursed for the first time on 30 June 2011. "

15. The plant is: (see annexes)

Ettl Pribil