Reference data for FMA Cost Regulation

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In accordance with Article 89 para. 1 of the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018) investment firms and investment services providers are required to bear a part of the costs of the Financial Market Authority (FMA) in the accounting group for Securities Supervision. These supervision costs are split in accordance with the FMA’s cost accounting, taking into consideration the principle of costs by cause and the economic interest in having a functioning prudential supervision of investment services. The arrangements relating to the allocation of such costs and their being prescribed are determined by the FMA by means of a Regulation. The proceeds from investment services transactions as defined in Article 3 para. 2 WAG 2018 form the assessment base for the allocation of costs for investment firms, investment services providers, insurance undertakings (Article 2 para. 2 WAG 2018) and managers of collective portfolios (Article 2 para. 3 WAG 2018) in the previous financial year.

The providers of investment services liable to pay costs are required to report the audited reference data (proceeds from investment services) for a financial year to the FMA by 30 June of the following calendar year. KVO reference data is reported using the FMA’s Incoming Platform via the item “KVO-Datenmeldung”.

For the legally valid filing of electronic, spoken, telephonic and written submissions (Article 13 para. 1 AVG as amended) to the FMA, the FMA’s business hours shall apply.