Reporting obligations in accordance with the WAG

The Securities Supervision Act (WAG) obliges among others all Austrian credit institutions, Austrian branches of credit institutions and investment firms from countries within the EEA, to report their transactions in certain financial instruments (shares, debt securities etc.) electronically to the FMA. Such reports must contain all the individual features of the individual transaction, such as the quantity, price, time at which the transaction with concluded, and an indication of whether the transaction was for own account or for the account of a customer. The purpose of the reporting obligation is to constantly supply the FMA with information about the market, so that the FMA is able to fulfil its supervisory obligations, and if necessary to also provide it with a starting point for further investigations (e.g. where there is the suspicion of insider dealings).