FMA Minimum Standards

The FMA uses minimum standards to set out the requirements derived from market standards and to publish wider recommendations on supervisory issues. Minimum standards are used to inform the public of requirements, adherence to which, in the FMA ’s view, corresponds to current or new market standards.

The following list contains only those FMA Minimum Standards for which an English translation exists. For an exhaustive list of all currently applicable FMA Minimum Standards, please consult the German version of this page.

All English translation of the authentic German text is unofficial and serves merely information purposes. The official wording in German can be found at the web pages of the Austrian Financial Market Authority (FMA ). All translations have been prepared with great care, but linguistic compromises had to be made. The reader should also bear in mind that some content of soft law like Minimum Standards, Circulars, Rules of Conduct and Compliance und Supervisory Disclosure will remain unclear without certain background knowledge of the Austrian legal and political system. Please note that both the authentic German and the translated text may be amended in future and check occasionally for updates.

Table: FMA Minimum Standards
Title	Release Date	Category
02/2022 FMA Minimum Standards for BWG Compliance	03.11.2022	Banks FMA Minimum Standards
01/2022 FMA Minimum Standards for Lending Business and other transactions with counterparty risks - Recast April 2022 Show description: 01/2022 FMA Minimum Standards for Lending Business and other transactions with counterparty risks - Recast April 2022 Description for: 01/2022 FMA Minimum Standards for Lending Business and other transactions with counterparty risks - Recast April 2022 Applicable from 01.07.2022 - until 30.06.2022 the FMA-MS-K published in 2005 remain valid.	28.04.2022	Banks FMA Minimum Standards
01/2018 FMA-Minimum Standards for informing the beneficiaries of Pensionskassen	21.12.2018	Pension Companies FMA Minimum Standards
01/2017 FMA Minimum Standards for the Risk Management and Granting of Foreign Currency Loans and Loans with Repayment Vehicles Show description: 01/2017 FMA Minimum Standards for the Risk Management and Granting of Foreign Currency Loans and Loans with Repayment Vehicles Description for: 01/2017 FMA Minimum Standards for the Risk Management and Granting of Foreign Currency Loans and Loans with Repayment Vehicles These Minimum Standards constitute a recast of the FMA Minimum Standards for the Risk Management and Granting of Foreign Currency Loans and Loans with Repayment Vehicles (FMA-FXTT-MS) of 02.01.2013 and shall replace them with effect from 01.06.2017.	28.04.2017	Banks FMA Minimum Standards
02/2016 FMA Minimum Standards for Pension Funds (Pensionskassen) for conducting Due Diligence	24.05.2016	Pension Companies FMA Minimum Standards
01/2014 FMA Minimum Standards on the Formal Requirements of a Business Plan Submission and on Business Plan Structure in accordance with Article 20 para. 4 PKG Show description: 01/2014 FMA Minimum Standards on the Formal Requirements of a Business Plan Submission and on Business Plan Structure in accordance with Article 20 para. 4 PKG Description for: 01/2014 FMA Minimum Standards on the Formal Requirements of a Business Plan Submission and on Business Plan Structure in accordance with Article 20 para. 4 PKG Minimum Standards of August 2014: In accordance with Article 20 para. 1 Pensionskassen Act (PKG; Pensionskassengesetz), Pensionskassen are required to prepare a business plan. This business plan, and any changes made to it, must be reviewed and confirmed by the auditing actuary and approved by the FMA pursuant to Article 20 para. 4 PKG. These FMA Minimum Standards set out the current formal requirements in relation to the submission and structure of a business plan.	01.08.2014	Pension Companies FMA Minimum Standards
01/2008 FMA Minimum Standards for Qualified Beneficiaries of Corporate Provision Funds	29.02.2008	Corporate Provision Funds FMA Minimum Standards
02/2005 FMA Minimum Standards for the Credit Business and other Transactions entailing Counterparty Risks Show description: 02/2005 FMA Minimum Standards for the Credit Business and other Transactions entailing Counterparty Risks Description for: 02/2005 FMA Minimum Standards for the Credit Business and other Transactions entailing Counterparty Risks The main purpose of the FMA-MS-K is to create transparency with regard to the relevant provisions under banking law. The Minimum Standards are intended to provide the Austrian credit institutions with guidelines on how to structure the credit business in terms of organisation and processes in greater detail. With reference to section 39 paras 1 and 2 of the Bankwesengesetz (BWG; Austrian Banking Act), the FMA expects credit institutions to adhere to this recommendation when granting and managing loans and other transactions with counterparty risks.	13.04.2005	Banks FMA Minimum Standards

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FMA Minimum Standards

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