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"excellent know-how of all aspects of banking and finance law including regulatory matters"
Legal 500
The banking and financial services industry is subject to increasingly complex regulation. Schoenherr advises on the full spectrum of regulatory aspects, including compliance, risk management, enforcement and transactions in the financial services industry.
Our dedicated cross-disciplinary and cross-office teams combine expertise in non-contentious as well as contentious regulatory matters, advising domestic and international credit institutions, investment firms, asset managers, payment firms, FinTechs, insurance companies as well as market infrastructure providers and trading platforms on all aspects of their business.
Successful MiCAR licensing: FMA publishes roadmap for Crypto-asset service providers
As the regulatory landscape for crypto-assets undergoes a significant transformation with the European Union's implementation of the Markets in Crypto-Assets Regulation (MiCAR, Regulation (EU) 2023/1114), attention turns to the preparatory steps entities must take to comply with these new standards. Against this backdrop, the Austrian Financial Market Authority (FMA) has recently published preliminary guidance on the MiCAR licensing process for crypto-asset service providers (CASPs). These guidelines outline the steps CASPs need to consider and the FMA's expectations in the lead-up to full MiCAR applicability after 30 December 2024.
to the point: financial regulation | 02/2024
Welcome to our to the point newsletter. Every month, we are looking back at the most relevant developments in the area of financial regulation in the CEE region.
Austria: Schoenherr advises Erste Group on 300m share buyback and capital reduction
Schoenherr advised Erste Group Bank AG ("Erste Group") on its EUR 300m share buyback followed by a cancellation of treasury shares and the reduction of its share capital.
"For banking M&A transactions, they have a high degree of regulatory sophistication."
Chambers
Our banking & financial services regulatory team works on complex matters across CEE.