The most likely source for identifying irregularities in an entity is through employees or persons who were or are otherwise associated with the entity. Relevant information about such irregularities occurring in supervised entities form a useful source of information for the Austrian Financial Market Authority (FMA).<\/strong><\/p> By providing accordingly specific reports, you can ensure that irregularities and legal breaches may be brought to light and action taken. As a result, damages may be restricted or even prevented from occurring. By doing so, persons reporting such circumstances assume responsibility for the entity in question and for society, and therefore deserve a particular degree of protection against any form of adverse treatment that they might be threatened with for having made such a report.<\/strong><\/p> A special IT-based whistleblowing system has been operational at the Austrian Financial Market Authority (FMA) since 01 February 2014 that allows it to receive confidential information anonymously about possible instances of malpractice within the legal area of its supervision. In so doing, the FMA has not only created a central point of contact that is responsible for receiving reports, but has also established a secure tool and a special procedure to protect whistleblowers as well as persons who are affected by the report from the outset.<\/p> On 24 February 2023 the Protection of Whistleblowers Act (HSchG; HinweisgeberInnenschutzgesetz<\/a>) was published in the Austrian Federal Law Gazette. The purpose of this law is to prove particular protection for whistleblowers while also ensuring their rights of information at national level.<\/p>Is your report a case for the FMA?<\/h2>\n <\/div>\n <\/div>\n