In November 2007, the European Union introduced uniform rules for markets in financial instruments (MiFID). The objectives to be met by MiFID are to establish uniform rules for the protection of investors throughout the EU and to create equal competitive conditions for all types of trading systems. The Austrian Securities Supervision Act of 2007 transposed the EU’s Directive on markets in financial instruments into Austrian law.
The brochure on the Austrian Securities Supervision Act of 2007 provides an easy-to-read summary of essential information.
Your relationship manager will be pleased to provide you with detailed information on the Austrian Securities Supervision Act of 2007.
Financial markets have changed significantly over the past years. The European Union (EU) is therefore replacing MiFID I with MiFID II to take account of these changes. The objective of the new Directive is to enhance protection and extend transparency for investors.
The new EU rules have been transposed into Austrian law through the Austrian Securities Supervision Act 2018 (Wertpapieraufsichtsgesetz 2018 – WAG 2018). These new legal requirements involve changes in the area of investments and over-the-counter (OTC) derivatives from 3 January 2018.
The brochure MiFID II. The Austrian Securities Supervision Act 2018 provides you with an overview of the changes.