FMA Österreichische Finanzmarktaufsicht / notice according to Art116 para 6 BaSAG

Press Wire ♦ Published: March 1, 2015; 16:57 ♦ (Vindobona)

The FMA has ordered an independent valuation of all assets and liabilities of HETA Asset Resolution AG, which will form the basis for a resolution plan. As a preparatory measure to a possible resolution and in accordance with Article 58 para. 1 no. 10 BaSAG, the FMA has suspended the payment dates of and interest payments on all eligible liabilities of the company with immediate effect until 31 May 2016.

FMA Österreichische Finanzmarktaufsicht / notice according to Art116 para 6 BaSAG / Picture: © Vindobona.org

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Company Information/FMA measure

The Austrian Financial Market Authority (FMA) in its function as the resolution
authority under the Austrian Bank Recovery and Resolution Act (BaSAG)
transposing the Bank Recovery and Resolution Directive…

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