FMA Finanzmarktaufsicht Österreich

The "FMA Finanzmarktaufsicht Österreich" is the Austrian Financial Market Authority On the one hand the Financial Market Authority supervises banks, insurance undertakings, Pensionskassen (pension companies), corporate provision funds, investment firms and investment services providers, investment funds, financial conglomerates and stock exchange companies. On the other hand it also monitors compliance with legal requirements, fairness and transparency in relation to trading of stock-exchange listed securities (the supervision of markets and stock exchanges); that for securities that are to be offered to the public that comprehensive prospectuses are issued that portray the opportunities and risks associated with the investment in an appropriate manner (supervision of capital market prospectuses); that the principles of good governance and orderly advice are adhered to (supervision of compliance and rules of conduct); that the unauthorised offering and provision of financial services is prohibited and punished; and that all financial institutions have the necessary systems in place to work preventively in relation to money laundering and terrorist financing.