# Commission Decision of 19 September 2012 on the State aid SA.31883 (2011/C) (ex N 516/10) which Austria implemented and is planning to implement for Österreichische Volksbanken AG (notified under document C(2012) 6307) (Only the German text is authentic) (Text with EEA relevance) (2013/298/EU), Division 2.3

Extent: E+W+S+N.I.

With effect from 4 July 2015 , ÖVAG will with the agreement of the competent supervisory authority (ECB) withdraw from the Verbund, after supervisory approval operate henceforth as a wind-down entity in accordance with Section 162 of the Federal Act on the Recovery and Resolution of Banks (Bundesgesetz über die Sanierung und Abwicklung von Banken — BaSAG) and as such will no longer hold a banking licence in accordance with Section 1 of the Banking Act (Bankwesengesetz, BWG). The name of the wind-down entity will be changed to ‘ immigon portfolioabbau ag ’ .

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Source: https://www.legislation.gov.uk/eudn/2013/298/annex/division/2/division/2.3 (the official version)
Page: https://openlegislation.uk/eu-decision-2013-298/annex/division-2/division-2.3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.