National Supervisory Authority & Licensing Qualification Dossier • European Economic Area & Switzerland
FMA
AustriaAustrian Financial Market Authority
Source / Native Reference: 奥地利金融市场监管局
- Supervisory tier
- Tier-1
- License classes
- 2
- Licensed records
- 24
- Active / regulated
- 23
Statutory Supervisory Mandate & Scope
Austrian Financial Market Authority (FMA) is the Tier-1 statutory financial markets and securities supervisory authority in Austria. It grants and supervises financial services licences across broker-dealers, investment advisers, asset managers, and market operators, enforcing initial and ongoing prudential capital requirements, segregated client asset rules, market conduct standards, and public register disclosures.
Prudential Tier Assessment
Tier-1Tier-1 national capital markets, securities, and derivatives supervisory authority in Austria, IOSCO member standards-aligned.
National licensing qualifications & statutory authorisation classes (FMA)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by FMA in Austria.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Category 1 / Principal Broker-Dealer | Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) | Dealing as principal or market maker in securities, FX, CFDs, futures, options, and underwriting. | USD $500,000 – $1,000,000+ (or EUR €750,000) minimum regulatory capital | Risk-weighted capital adequacy + minimum liquid capital buffer ≥ 25% of annual fixed overheads. |
| Category 2 / Agency Broker & Asset Manager | Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence | Order execution, reception and transmission of client orders, discretionary portfolio management, and investment advisory. | USD $150,000 – $250,000 (or EUR €150,000) minimum base capital | Strict client money segregation, best-execution monitoring, and quarterly regulatory financial returns. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under FMA.
National Investor Protection / Compensation Scheme (Austria)
- Maximum coverage per client
- EUR €20,000 – USD $100,000+ equivalent per eligible retail investor
- Eligible counterparties & scope
- Retail clients of licensed securities and investment brokerage firms.
FMA Client Money & Safe Custody Segregation Rules
- Reconciliation & audit cadence
- Daily reconciliation of segregated client trust bank accounts against client trading ledger balances.
- Approved custodian requirements
- Client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories.
FMA Digital Asset / Tokenized Securities & VASP Regulatory Framework
- Travel Rule, custody & stablecoin rules
- FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
Primary Governing Statutes & Rulebooks
- Securities and Capital Markets Act of Austria
- FMA Licensing, Prudential Capital Adequacy & Conduct of Business Rules
- Client Money & Custody Asset Segregation Regulations (Austria)
- IOSCO Principles of Securities Regulation & National AML/CFT Rulebook
Regulatory Reporting & Audit Obligations
Quarterly capital adequacy returns and annual IFRS audited financial statements submitted to FMAAnnual independent auditor attestation on Client Money and Safe Custody complianceTransaction reporting, market abuse surveillance (MAR), and AML/CFT suspicious activity reporting
Cross-Border Equivalence & Passporting
Eligible for EU/EEA MiFID II and MiCA cross-border freedom-of-services passporting across 30 EEA member states.
Supervised institutions & FMA licence records in our database
24 licence records referencing FMA (23 regulated/registered, 1 flagged with warnings/revocations).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| EC Markets | 197465 | Regulated | EC MARKETS FINANCIAL LIMITED | 2015-01-20 | |
| BNZ | FSP25101 | Regulated | BANK OF NEW ZEALAND | 2010-11-23 | |
| Heartland Bank | FSP53901 | Regulated | HEARTLAND BANK LIMITED | 2011-01-06 | |
| Kiwibank Limited | Number pending check | Regulated | KIWIBANK LIMITED | 2010-11-19 | |
| SBS Bank | FSP29003 | Regulated | ASB BANK LIMITED | 2010-11-30 | |
| TSB New Zealand | FSP22621 | Regulated | TSB BANK LIMITED | 2010-11-06 | |
| ZERO MARKETS | 569807 | Regulated | ZERO MARKETS (NZ) LIMITED | 2018-08-27 | |
| National Bank of Liechtenstein | FL-0001.000.289-1 | Regulated | Liechtensteinische Landesbank Aktiengesellschaft | 2007 | |
| bybit(Global network record) | Not supplied | Registered | Bybit Fintech Limited | 2025-05-30 | |
| Bitpanda(Global network record) | FN 501412 x | Regulated | Bitpanda Payments GmbH | 2019 | |
| Bitpanda(Global network record) | FN 569240 v | Registered | Bitpanda GmbH | 2024 | |
| Bitpanda(Global network record) | FN 551181 k | Regulated | Bitpanda Financial Services GmbH | 2024 | |
| CheckOut(Global network record) | FSP1000838 | Regulated | Checkout | 2021-6-16 | |
| CMCMarkets(Global network record) | 41187 | Regulated | CMC MARKETS NZ LIMITED | 2014-12-12 | |
| Plus500(Global network record) | 486026 | Regulated | PLUS500AU PTY LTD | 2016-09-30 | |
| AXICORP(Global network record) | FSP518226 | Regulated | AXICORP FINANCIAL SERVICES PTY LTD | 2018-06-01 | |
| TMGM(Global network record) | 569807 | Regulated | TRADEMAX GLOBAL MARKETS (NZ) LIMITED | 2018-08-27 | |
| BlackBull(Global network record) | 403326 | Regulated | BLACK BULL GROUP LIMITED | 2020-08-12 | |
| Raiffeisen Bank International(Global network record) | 122119m | Regulated | Raiffeisen Bank International AG | — | |
| BL Global Markets(Global network record) | FSP703051 | Revoked | BL Global Markets | 2020-03-10 | |
| First Credit Union(Global network record) | FSP29785 | Regulated | FIRST CREDIT UNION INCORPORATED | 2010-11-23 | |
| JD(Global network record) | 302606 | Regulated | JD Capital Financial Group Limited | 2013-07-12 | |
| PFD(Global network record) | 28944 | Regulated | PACIFIC FINANCIAL DERIVATIVES LIMITED | 2015-02-27 | |
| THE(Global network record) | FSP30301 | Regulated | THE NEW ZEALAND HOME LOAN COMPANY LIMITED | 2010-11-26 |
FMA (Austria): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under FMA (Austria)?
FMA (Austrian Financial Market Authority) supervises financial institutions in Austria under Securities and Capital Markets Act of Austria and FMA Licensing, Prudential Capital Adequacy & Conduct of Business Rules. Key statutory authorisation classes include: Category 1 / Principal Broker-Dealer (Full-Scope Securities & Derivatives Dealer (Market Maker / Principal) — min. capital: USD $500,000 – $1,000,000+ (or EUR €750,000) minimum regulatory capital); Category 2 / Agency Broker & Asset Manager (Securities Brokerage (Agency / STP) & Discretionary Portfolio Management Licence — min. capital: USD $150,000 – $250,000 (or EUR €150,000) minimum base capital). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does FMA provide statutory investor compensation and mandatory client asset segregation?
Under FMA's framework, investor protection is governed by National Investor Protection / Compensation Scheme (Austria) with maximum coverage of EUR €20,000 – USD $100,000+ equivalent per eligible retail investor (Retail clients of licensed securities and investment brokerage firms.). For client money and custody assets, supervised firms must comply with FMA Client Money & Safe Custody Segregation Rules, performing daily reconciliation of segregated client trust bank accounts against client trading ledger balances. with client funds and securities must be held in bankruptcy-remote statutory trust accounts at licensed commercial banks or central securities depositories..
How does FMA regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
FMA's digital-asset regime is structured around FMA Digital Asset / Tokenized Securities & VASP Regulatory Framework (Unified EU MiCA (Regulation (EU) 2023/1114) CASP licensing and DLT Pilot Regime.). Custody and AML/CFT compliance obligations require: FATF Recommendation 16 Travel Rule enforcement and institutional qualified custody standards.
How can I verify an institution's FMA licence number and check our 24 recorded licence entries?
Our database currently tracks 24 licence records referencing FMA (23 marked regulated or registered). To verify a counterparty at the primary source, open FMA's official public register (https://www.fma.gv.at/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
Research and compliance analysis from ETFYield Lab relevant to FMA and Austria.
ETF Structure & Yield Engineering
Institutional ETF Creation-Redemption Arbitrage, SEC Rule 6c-11 Custom Baskets, and Cross-Border UCITS Withholding Tax Yield Architecture (2026)
An empirical quantitative analysis of Authorised Participant (AP) primary-market arbitrage bands, SEC Rule 6c-11 and IRC Section 852(b)(6) in-kind capital gains shielding, fixed-income ETF NAV-to-market basis dynamics, and Irish ICAV 15% vs 30% US dividend withholding tax alpha.
Fixed Income ETFs & Market Microstructure
SEC Rule 6c-11 Custom Creation Baskets, Fixed-Income ETF NAV Arbitrage & After-Tax Yield Drag Model (2026)
Authorized Participant (AP) custom creation and redemption baskets under SEC Rule 6c-11 refer to non-pro-rata fixed-income portfolio transfers that allow ETF issuers to purge low-basis, illiquid, or off-the-run bonds in-kind without realizing distributable capital gains, compressing annualized after-tax yield drag by 42 to 118 basis points compared with open-end mutual funds.
Treasury Ladders & Yield Math
SGOV vs BIL vs TLT: 30-Day SEC Yield vs Distribution Yield Math & ETF Fee Drag Analysis (2026)
30-Day SEC Yield refers to a standardized net annualized yield metric mandated by the SEC that deducts fund expense ratios from 30-day portfolio income.
Treasury Ladders & Yield Math
iShares 0-3 Month Treasury Bond ETF (SGOV) Yield & Fee Benchmark: 30-Day SEC Yield vs. Trailing 12-Month Distribution Yield Audit (4.31% 30-Day SEC Yield (3 bps ER) Benchmark)
iShares 0-3 Month Treasury Bond ETF (SGOV) Yield & Fee Benchmark (SGOV-0-3M-UST) stands at 4.31% (30-Day SEC Yield (3 bps ER)) (Source: SEC Form N-1A / U.S. Treasury, 2026-10-20), governing Form N-1A Item 26 accrual acco
Statutory licensing classes, base capital rules, and investor protection summaries for FMA (Austria) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on FMA’s official public register.