Immobilien-Investmentfondsgesetz, Sanierungs- und Abwicklungsgesetz, Änderung

This Austrian government bill (Regierungsvorlage) proposes changes to two national laws: the Real Estate Investment Fund Act (Immobilien-Investmentfondsgesetz) and the Recovery and Resolution Act (Sanierungs- und Abwicklungsgesetz). The first regulates funds that invest in property, while the second sets out how failing banks and financial firms are restructured or wound down. Based on the title alone, the bill appears to update rules in both areas, though the specific changes are not visible from this metadata. The changes would mainly affect real estate investment funds, their managers and investors, as well as banks and financial institutions subject to Austria's recovery and resolution framework. Regulators and supervisors would also be affected by any changes to the procedures. Details should be checked in the full bill text.