Service Retail Banking 35% Investment Services 25%
Specialism Data Governance 15% Supervision 12%
2026-02-19 09:41:31 · adavies@vixio.com
ID
2887737
GUID
f8a838fc08afc5a46a50d50053727b18

Classification

Service
Retail Banking (35%)

REQUIRES HUMAN REVIEW — This update is primarily a sustainability and corporate governance disclosure law implementing EU Directive 2022/2464, not a financial services product or service regulation; it amends multiple statutes but lacks specific operational requirements for retail banking, lending, investment, or digital asset products.

Investment Services (25%)

REQUIRES HUMAN REVIEW — While the law amends the Banking Act and other financial supervisory statutes, the core substance is sustainability reporting and ESG disclosure rather than retail banking operations, deposits, or consumer-facing banking services.

Specialism
Data Governance (15%)

This update concerns sustainability and corporate reporting requirements under EU Directive 2022/2464, which falls outside the payments compliance taxonomy and does not address payment-specific regulatory obligations.

Supervision (12%)

While the law amends banking and financial supervision acts, the core focus is sustainability disclosure rather than payment firm data handling, record-keeping, or transaction data governance.

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TITLE: Austria Enacts Sustainability Reporting Law Amending Corporate and Financial Regulations BODY: On February 18, 2026, Austria's Federal Ministry of Justice (Bundesministerium für Justiz) enacted the Sustainability Reporting Law (Nachhaltigkeitsberichtsgesetz – NaBeG), a comprehensive federal law establishing requirements for third-country enterprise reporting and sustainability disclosure. The law implements European Union Directive 2022/2464 into Austrian legislation. It amends multiple foundational statutes governing corporate entities and financial institutions, including the Corporate Code (Unternehmensgesetzbuch), Stock Corporation Act (Aktiengesetz), Limited Liability Company Act (GmbH-Gesetz), Cooperative Act (Genossenschaftsgesetz), Cooperative Audit Act 1997 (Genossenschaftsrevisionsgesetz 1997), European Company Statute (SE-Gesetz), European Cooperative Society Statute (SCE-Gesetz), and Labour Constitution Act (Arbeitsverfassungsgesetz). The law also modifies regulations applicable to professional service providers and financial supervisors, including the Auditor Supervision Act (Abschlussprüfer-Aufsichtsgesetz), Alternative Investment Fund Managers Act (Alternative Investmentfonds Manager-Gesetz), Banking Act (Bankwesengesetz), Stock Exchange Act 2018 (Börsegesetz 2018), Investment Funds Act 2011 (Investmentfondsgesetz 2011), National Bank Act 1984 (Nationalbankgesetz 1984), Savings Bank Act (Sparkassengesetz), and Insurance Supervision Act 2016 (Versicherungsaufsichtsgesetz 2016). Additional amendments address country-by-country reporting requirements and judicial administration procedures. The National Council approved the legislation on January 21, 2026, with the Federal Council confirming passage on February 5, 2026. The law is now in force and published in the Austrian Federal Law Gazette (Bundesgesetzblatt). REFERENCES: Austrian Federal Law Gazette (Bundesgesetzblatt) I Nr. 6/2026: https://www.ris.bka.gv.at/eli/bgbl/I/2026/6/20260218
  • Scraped:2026-02-19 09:41:31
  • Created:2026-02-19 09:41:30
  • By:adavies@vixio.com (41)