On Sep. 10, 2026, AUT GVT published Regulation No 271 of the Financial Market Authority (FMA) amending the Employee Categories and Evidence Regulation for the inclusion of consumer credit-MiKaNa Consumer Credit Amendment.
The amendments enter into force on Nov. 20, 2026.
On Jul. 8, AUT FMA consulted on draft regulation amending MiKaNa.
AUT FMA consulted on draft regulation amending the Employee Categories and Proof Regulation (MiKaNa) to include consumer credit-MiKaNa Consumer Credit Amendment.
Follows AUT MoJ Feb. 2026 consulted on draft consumer credit law act 2026, #286580.
Document dated Jul. 8, 2026, received from AUT FMA Jul. 10, summarized on Jul. 15.
Purpose
Under EU Reg 2023/2225 on consumer credit contracts lenders must specify their own requirements regarding the knowledge and skills of their staff re the design, offering and closing of credit contracts, credit intermediation, provision of advisory services.
The new regulation will integrate provisions concerning consumer loans pursuant to Section 33a, para 2, item 1 of the Austrian Banking Act into the existing regulatory framework of the Regulation which already covers real estate loans, mortgages.
This should also make it easier for the banking sector to design its compliance measures for both loan product groups, consumer and real estate loans, uniformly.
The amendments are planned to enter into force on Nov. 20, 2026.
Effectiveness
Comments can be submitted, until Aug. 14, 2026.
Sep. 2026 Regulation Published
On Sep. 10, 2026, AUT GVT published Regulation No 271 of the Financial Market Authority (FMA) amending the Employee Categories and Evidence Regulation for the inclusion of consumer credit-MiKaNa Consumer Credit Amendment.
The amendments enter into force on Nov. 20, 2026.
Regulators
AUT FMA
Entity Types
Bank; CNSM; IB; MG Orig; MSB
Reference
Reg 271, OG 9/10/2026; CP, 7/8/2026; MiKaNa; Reg 2023/2225
