Applicable Laws

In this section of the website, the texts of laws, regulations, administrative rules as well as the general guidance adopted in Austria in the field of prudential regulation are published. The FMA hereby fulfils its obligations pursuant to Article 143 (1) (a) of Directive 2013/36/EU in conjunction with Commission Implementing Regulation (EU) No. 650/2014 as amended by Commission Implementing Regulation (EU) 2019/912.

Laws and regulations consist of all legal texts which exist in respective member states of the European Union for the implementation of Basel III provisions contains in Directive 2013/36/EU as well as Regulation (EU) No. 575/2013. The legal texts in this instance shall prescribe the legal and regulatory framework that applies to the supervised entity’s scope of operations.

The term “administrative rules” is used in a variety of ways in different contexts. For supervisory disclosure purposes it refers to all documents which provide supervised entities with specific guidelines how to fulfil the named legal provisions.

In addition to the disclosure requirements set out in Directive 2013/36/EU “General Guidance” also covers any explanatory information issued by supervisory authorities, which is intended to provide assistance in implementing the new capital requirements framework. The term “General Guidance” therefore also includes all publications by supervisory authorities in this area that are aimed as improving mutual understanding.

For an overview of the laws, regulations and administrative rules for the implementation of Basel II within the individual EU Member States, please consult the corresponding section on the EBA Website.

Further information