A valid administrative act is, for example, a decision by the Federal Financial Supervisory Authority (Bafin), the Austrian Financial Market Authority (FMA), FINMA or a cartel authority. This administrative act cannot be repealed by legal means.

BaFin – Federal Financial Supervisory Authority (Germany)

FINMA – Swiss Financial Market Supervisory Authority (Switzerland)

FMA – Financial Market Authority (Liechtenstein)

FMA – Financial Market Authority (Austria)