FMA Österreichische Finanzmarktaufsicht

EANS-News: FMA Österreichische Finanzmarktaufsicht
notice according to Art 116 para 6 BaSAG


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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 (BRRD) into national law
hereby notifies in respect of HETA Asset Resolution AG that conditions of
failure or likelihood of failure in accordance with Article 49 para. 1 no. 1
BaSAG and the conditions in Article 49 para. 1 no. 2 BaSAG exist, and that it is
not possible to avert a failure within an appropriate timeframe by means of
alternative measures being taken by the private sector or by means of
supervisory measures.
 
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.
 
The edict including a list of the eligible liabilities concerned is accessible
at https://www.fma.gv.at/de/sonderthemen/bankenabwicklung/edikte.html
 
For questions regarding the individual emissions please be referred to the
issuer.

Further inquiry note:
Dr. Valentin Unterkircher
HETA Resolution AG
Investor Relations
+43 (0) 50209-2841
holding@heta-asset-resolution.com

end of announcement                               euro adhoc 
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company:     FMA Österreichische Finanzmarktaufsicht 
             Otto-Wagner-Platz  5
             A-1090 Wien
phone:       +43(1)249 59-0
FAX:         +43(1)249 59-5499
mail:     fma@fma.gv.at 
WWW:      www.fma.gv.at
sector:      Economy, Business & Finance
ISIN:        -
indexes:     
stockmarkets: 
language:   English
 

 

 

Original-Content von: FMA Österreichische Finanzmarktaufsicht, übermittelt durch news aktuell

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