Key Benefits:
56. Regulation of the Financial Market Supervisory Authority (FMA) amending the FMA Fees Regulation
Pursuant to Section 19 (10) of the Financial Market Supervisory Authority Act-FMABG, BGBl. I n ° 97/2001, as last amended by the Federal Law BGBl. I No 34/2015, shall be arranged:
The FMA Fee Ordinance-FMA-GebV, BGBl. II No 230/2004, as last amended by the BGBl Regulation. II No 486/2013 and rectified by the BGBl agreement. II No 15/2014, shall be amended as follows:
1. In Part 2, Section 1, the number of subheadings 1 to 3 shall be: "50" in each case by the number "100" replaced.
2. In Part 2, Section 2, tariff items I.A.1. to I.A.4. and the heading "Banking Intervention and Restructuring Act" .
In Part 2, Section 2, the following tariff items I.B.87. to I.B.89 shall be inserted after heading I.B.86.:
| " I.B.87. |
Approval of the exit of a member of the credit institution-association of the credit institution-Verbund (Section 30a (5a) of the BWG) .......................................... |
3 000 |
| I.B.88. |
Approval of the non-compliance of the criteria for employees whose professional activity has a significant impact on the risk profile of an institute (Art. 4 (5) of the Delegated Regulation (EU) No 604/2014 supplementing Directive 2013 /36/EU with regard to technical regulatory standards with regard to qualitative and appropriate quantitative criteria for the identification of the categories of staff, the professional activity has a significant impact on the risk profile of an institution, OJ L 327, 28.4.2002 No. OJ L 167, 06.06.2014 p. 30) ......... |
750 |
| I.B.89. |
Approval of the adjustment of the calculation of the dividend payout ratio (Art. 2 (8) of the Delegated Regulation (EU) No 241/2014 supplementing Regulation (EU) No 575/2013 as regards regulatory technical standards for the own resources requirements of institutions, OJ L 378, 27.9.2013, p. No. OJ L 74, 14.03.2014 p. 8) |
750 " |
In Part 2, Section 2, subheading II.A.1. to II.A.56., together with the heading:
| " Accounting circuit 2 (Insurance supervision) |
||
| Insurance Supervision Act 2016 |
Euro |
|
| II.A.1. |
Granting of the first concession for the operation of the contract insurance (§ 6 para. 1, § 13 para. 1, § 35 and § 83 para. 1 of the Insurance Supervisory Act 2016-VAG 2016, BGBl. I No 34/2015) |
|
| a) |
to a small insurance association according to § 5 Z 4 VAG 2016 .............................. |
250 |
| b) |
to an insurance company pursuant to § 5 Z 1 or to a reinsurance undertaking pursuant to § 5 Z 2 or to a small insurance company in accordance with § 5 Z 3 VAG 2016 ............................................................ |
10 000 |
| c) |
to a branch in the home country of a third country insurance or third country reinsurance undertaking according to § 5 Z 18 VAG 2016 ............ |
7 500 |
| II.A.2. |
Granting of the subsequent concession for one or more new classes of insurance (Section 6 (1), Section 13 (1) and Section 83 (1) VAG 2016) |
|
| a) |
to a small insurance association according to § 5 Z 4 VAG 2016 ....................... |
150 |
| b) |
to an insurance undertaking in accordance with § 5 Z 1 or to a reinsurance undertaking in accordance with § 5 Z 2 or to a small insurance undertaking pursuant to § 5 Z 3 or to a branch in the territory of a third country-insurance or insurance company Third country reinsurance undertaking according to § 5 Z 18 VAG 2016 ............................ |
3 000 |
| II.A.3. |
Extension of the concession to the operation of the contract insurance (§ 7 para. 4, § 13 para. 1 and § 83 para. 1 VAG 2016) |
|
| a) |
of a small insurance association according to § 5 Z 4 VAG 2016 ....................... |
50 |
| b) |
an insurance undertaking in accordance with § 5 Z 1 or a reinsurance undertaking in accordance with § 5 Z 2 or a small insurance undertaking in accordance with § 5 Z 3 or a branch in the country from a third country insurance undertaking or Third country reinsurance undertaking in accordance with § 5 Z 18 VAG 2016 .......................... |
2 000 |
| II.A.4. |
Approval of the facilitation of concession contracts in several Member States (§ 15 VAG 2016) .......................................................... |
500 |
| II.A.5. |
Approval of the amendment of the Articles of Association (§ 11 para. 1, § 54 para. 3 and § 63 para. 3 VAG 2016) |
|
| a) |
of a small insurance company in accordance with § 5 Z 4 VAG 2016 |
50 |
| b) |
an insurance undertaking in accordance with § 5 Z 1 or a reinsurance undertaking in accordance with § 5 Z 2 or a small insurance undertaking according to § 5 Z 3 VAG 2016 .......................................... |
500 |
| II.A.6. |
Approval of the business plan in the event of exceeding of the amounts stipulated in § 83 para. 2 VAG 2016 or determination that the concession of the company as a concession pursuant to § 6 para. 1 VAG 2016 applies (§ 83 para. 5 VAG 2016) ......... |
500 |
| II.A.7. |
Decision on the classification as a small insurance company (§ 83 para. 6 VAG 2016) ............................................................................ |
500 |
| II.A.8. |
Non-compliance with the acquisition of a qualifying holding per interested acquirer (§ 25 para. 6 VAG 2016) ......................................................... |
750 |
| II.A.9. |
Approval of the transfer of the stock or the succession of rights (Section 29 (1) of the VAG 2016) |
|
| a) |
of a small insurance association according to § 5 Z 4 VAG 2016 ......................... |
50 |
| b) |
an insurance undertaking in accordance with § 5 Z 1 or a reinsurance undertaking in accordance with § 5 Z 2 or a small insurance undertaking in accordance with § 5 Z 3 or a branch in the country from a third country insurance undertaking or Third country reinsurance undertaking according to § 5 Z 18 VAG 2016 ............................ |
1 250 |
| II.A.10. |
Approval of outsourcing (§ 86 and § 109 VAG 2016) |
|
| a) |
of a small insurance association according to § 5 Z 4 VAG 2016 ......................... |
50 |
| b) |
an insurance undertaking in accordance with § 5 Z 1 or a reinsurance undertaking in accordance with § 5 Z 2 or a small insurance undertaking in accordance with § 5 Z 3 or a branch in the country from a third country insurance undertaking or Third country reinsurance undertaking according to § 5 Z 18 VAG 2016 ............................ |
1 000 |
| II.A.11. |
Approval of the distribution of the increase in the cover provision for several years (§ 301 para. 5 VAG 2016) .............................................................. |
280 |
| II.A.12. |
Approval of the dissolution (§ 57 (3) and § 69 (6) VAG 2016) |
|
| a) |
of a small insurance association according to § 5 Z 4 VAG 2016 ......................... |
50 |
| b) |
an insurance association on reciprocity pursuant to § 35 VAG 2016 ............... |
420 |
| II.A.13. |
Approval of the merger (§ 60 para. 3, § 67 para. 4 and § 81 VAG 2016) |
|
| a) |
of a small insurance association according to § 5 Z 4 VAG 2016 ......................... |
50 |
| b) |
an insurance association on reciprocity in accordance with § 35 VAG 2016 or a private foundation .................................................................................... |
1 250 |
| II.A.14. |
Approval of the conversion of an insurance association on reciprocity into a public limited company (§ 61 paragraph 4 VAG 2016) ........................................ |
1 250 |
| II.A.15. |
Approval of the introduction of an insurance association on a reciprocal basis into a joint-stock company (§ 62 para. 4 VAG 2016) ........................................ |
1 250 |
| II.A.16. |
Approval of the conversion of an insurance company on reciprocity into a private foundation (§ 66 para. 2 VAG 2016) .............................................................. |
1 250 |
| II.A.17. |
Approval of the subsequent amendment of the foundation's declaration (§ 66 para. 3 Z 5 VAG 2016) ..................................................................................... |
500 |
| II.A.18. |
Approval of the loan granted (Section 76 (7) VAG 2016) ...................... |
50 |
| II.A.19. |
Approval of the allocation of silent reserves to own funds (§ 89 (6) and 7 (7) of the VAG 2016) ............................................................................................ |
500 |
| II.A.20. |
Approval of early repayment of participatory capital (§ 333 para. 3 VAG 2016) .................................................................................... |
280 |
| II.A.21. |
Approval of the termination of additional capital without a fixed term (§ 333 para. 3 VAG 2016) ............................................................................ |
280 |
| II.A.22. |
Approval of early repayment of supplementary capital without and at a fixed term (§ 333 para. 3 VAG 2016) .......................................................... |
280 |
| II.A.23. |
Approval of the allocation procedures of own resources (§ 141 (1) VAG 2016) |
280 |
| II.A.24. |
Approval of the distribution of the balance sheet profit (§ 170 para. 2 VAG 2016) ........ |
280 |
| II.A.25. |
Approval of return to the standard formula (§ 184 VAG 2016) .................. |
1 500 |
| II.A.26. |
Approval of a plan to ensure compliance with the conditions pursuant to § 215 VAG 2016 (§ 219 para. 6 VAG 2016).... |
1 000 |
| II.A.27. |
Approval of the submission of a single document on risk and solvency assessment at the level of the group (Section 224 (3) of the VAG 2016). |
500 |
| II.A.28. |
Approval of the non-publication of certain information (§ 242 (1) VAG 2016) ............................................................................ |
280 |
| II.A.29. |
Approval of the publication of a single report on the solvency and financial position of the Group (Section 245 (2) of the VAG 2016). |
500 |
| II.A.30. |
Approval of the restriction of the regular supervisory reporting (§ 251 paragraph 1 VAG 2016) ................................................................... |
280 |
| II.A.31. |
Exemption from individual postal reporting (Section 251 (2) of the VAG) ................ |
280 |
| II.A.32. |
Approval of the restriction of the regular supervisory reporting at the group level (§ 251 (5) VAG 2016) .............................................................. |
280 |
| II.A.33. |
Exemption from single post reporting at the group level (§ 251 paragraph 6 VAG 2016) ..................................................................................... |
280 |
| II.A.34. |
Approval of the solvency plan (§ 278 para. 2 VAG 2016), the remediation plan (§ 279 para. 2 VAG 2016) or the financing plan (§ 280 para. 2 VAG 2016) |
|
| a) |
of a small insurance association according to § 5 Z 4 VAG 2016 ........................ |
50 |
| b) |
an insurance undertaking in accordance with § 5 Z 1 or a reinsurance undertaking in accordance with § 5 Z 2 VAG 2016 or a small insurance undertaking in accordance with § 5 Z 3 VAG 2016 or a branch in the territory of a third country from a third country insurance undertaking or third country reinsurance undertaking according to § 5 Z 18 VAG 2016 ........................... |
500 |
| II.A.35. |
Approval of the transfer of eligible basic own resources from the life insurance business to the non-life insurance business or vice versa (§ 280 para. 3 VAG 2016) ........................................................ |
500 |
| II.A.36. |
Approval of the holding of capital investments of small insurance companies which do not comply with § 72 (§ 333 para. 1 Z 6 VAG 2016) .......................................................... |
50 |
| II.A.37. |
Approval of the consideration of supplementary own resources (§ 171 para. 3 VAG 2016) ......................................................................................... |
1 000 |
| II.A.38. |
Approval of the classification of own resources components (§ 172 para. 1 and 2 VAG 2016) .............................................................................................. |
1 000 |
| II.A.39. |
Approval of company-specific parameters (§ 178 para. 4 VAG 2016) .................................................................................... |
2 000 |
| II.A.40. |
Approval of internal full models (§ 182 VAG 2016) ........................... |
18 000 |
| II.A.41. |
Approval of internal partial models (§ 182 para. 4 in conjunction with § 183 VAG 2016) ...................................................................................... |
12 000 |
| II.A.42. |
Approval of major changes of the internal model or changes to the written guidelines for changes of the internal model (§ 182 para. 9 VAG 2016) ........................................................................................ |
5 000 |
| II.A.43. |
Granting of the concession for special purpose companies in Germany (§ 105 VAG 2016) ... |
5 000 |
| II.A.44. |
Approval of additional own funds of an intermediary insurance holding company or an intermediate mixed financial holding company (§ 208 (3) VAG 2016) ............................................................ |
1 000 |
| II.A.45. |
Approval of an internal full model for the calculation of the group's Solvency Capital Requirement (§ 212 Para. 1 VAG 2016).... |
15 000 |
| II.A.46. |
Approval of internal partial models for the calculation of the group's Solvency Capital Requirement (Section 212 (1) VAG 2016).... |
10 000 |
| II.A.47 |
Approval of an internal model for the calculation of the Group's Solvency Capital Requirement and the Solvency Capital Requirement for the Group's insurance and reinsurance undertakings (Section 212 (2) VAG 2016) ........................................................................................ |
30 000 |
| II.A.48 |
Approval of an internal model for the calculation of the Solvency Capital Requirement for the group's insurance and reinsurance undertakings (Section 214 (1) VAG 2016) ............... |
18 000 |
| II.A.49. |
Approval of the use of the durations-based sub-module share risk as well as the return to the calculation according to § 179 para. 4 Z 2 VAG 2016 (§ 180 para. 1 and 3 VAG 2016) ..................................................................... |
2 000 |
| II.A.50. |
Approval of the use of the matching adjustment for the relevant risk-free interest curve (§ 166 para. 1 VAG 2016) .......................................... |
1 000 |
| II.A.51. |
Approval of the method for calculating the solvency of the group (section 204 (2) VAG 2016) .............................................................................. |
2 500 |
| II.A.52. |
Determination of equivalence (§ § 209 (3) and 237 (1) VAG 2016) ........ |
2 500 |
| II.A.53. |
Decision on a request to use the supervisory regime for groups with centralised risk management (§ 216 VAG 2016) .................... |
1 250 |
| II.A.54. |
Approval of the application of the transitional measure in the case of risk-free interest rates (§ 336 VAG 2016) ................................................................ |
250 |
| II.A.55. |
Approval of the application of the transitional measure in respect of technical provisions (§ 337 VAG 2016) ........................... |
250 |
| II.A.56. |
Approval of the application of an internal group model applicable to a part of a group (§ 335 para. 15 VAG 2016) .............................................................. |
18 000 " |
5. In Part 2, Section 2, the number shall be given in subheading III.E.10. "150" by the number "200" replaced.
6. In Part 2, Section 2, subheading III.E.12.:
| " III.E.12. |
Approval of the distribution of an AIF in real estate, a managed futures fund, a private equity fund or an AIF in corporate participations to private customers in accordance with § 48 para. 5, 7, 8a or 8c AIFMG ........................................................................................ |
300 " |
In Part 2, Section 2, subheading III.G.1. shall read:
| " III.G.1. |
Examination of the exemption for risk mitigation techniques for intra-group transactions in accordance with Article 11 (6) to (10) of Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories, OJ C 139, 30.4.2012, p. No. 1 OJ L 201 of 27.07.2012 p. 1 .......................................................................... |
2 000 " |
8. In Part 2, Section 2, the number of subheading III.G.3. "1 500" by the number "4 000" , in tariff post III.G.6. the number "2 500" by the number "3 000" and in tariff post III.G.7. the number "2 500" by the number "4 000" replaced. In addition, the following tariff post III.G.8. is inserted in accordance with the tariff post III.G.7.:
| " III.G.8. |
Examination of the exemption from the clearing obligation for intra-group transactions pursuant to Art. 4 para. 2 lit. a and b of Regulation (EU) No 648/2012 ................................ |
2 000 " |
9. In Part 2, Section 2, subheading III.H.3. the number "2 500" by the number "3 700" The following tariff post III.H.4. is inserted after subheading III.H.3.:
| " III.H.4. |
Approval procedure in the case of a basic prospectus (§ 8a in conjunction with § 7 paragraph 4 KMG, § 74 BörseG in conjunction with § 7 paragraph 4 KMG) ........................ |
4 200 " |
10. In Part 2, Section 2, subheading IV.A.1.:
| " IV.A.1. |
Granting of the concession to the operation of a pension fund (§ 8 para. 1 of the Pensionskassengesetz-PKG, BGBl. No. 281/1990 as last amended by the Federal Law BGBl. I No 34/2015) ......................................................... |
10 000 " |
11. The following paragraph 11 is added to § 6:
" (11) Part 2, section 1, subheading 1 to 3, part 2, section 2, subheading I.B.87. to I.B.89., II.A.37. to II.A.50., II.A.54., II.A.55., III.E.10. III.E.12, III.G.1, III.G.3, III.G.6. to III.G.8., III.H.3. and III.H.4. and IV.A.1. in the version of the Regulation BGBl. II No. 56/2015 will enter into force on 1 April 2015. Part 2, Section 2, subheading II.A.51.to II.A.53. and II.A.56. in the version of the BGBl Regulation. II No. 56/2015 will enter into force on 1 July 2015. Part 2, Section 2, subheading II.A.1 to II.A.36. in the version of the BGBl Regulation. II No. 56/2015 will be 1. Jänner 2016 in force. Part 2, Section 2, subheading I.A.1. to I.A.4. shall expire at the end of the day of the presentation of this Regulation. '
Ettl Kumpfmüller
