The Austian Financial Market Authority (FMA) is an independent, autonomous and integrated supervisory authority for the Austrian Financial Market, established as an institution under the Financial Market Authority Act on 1 April 2002. It is responsible for the supervision of credit institutions, insurance undertakings, pension funds, staff provision funds, investment funds, investment service providers, companies listed on the stock exchange as well as stock exchanges themselves.
The aims of the FMA are:
- to contribute toward the stability of Austria as a financial market;
- to reinforce confidence in the ability of the Austrian financial market to function;
- to protect in accordance with provisions of law investors, creditors and consumers; and
- to put forth preventive efforts with respect to compliance with supervisory standards while consistently punishing any violations of these standards.
