Dr. Bernd Fletzberger

Partner and attorney at law

Bernd heads the Banking & Finance team at PFR Attorneys at law. He has many years of experience in advising banks, payment and e-money institutions, fund companies and managers, investment firms, insurance companies, pension funds, fintech firms and crypto service providers. He advises on all aspects of financial markets law, in particular regulatory matters. He is recognised by Chambers, Legal 500 and Juve as a leading Austrian lawyer in banking & finance as well fintech law.

Practice areas

Curriculum

PFR Attorneys at law (since 2008)
Lecturer in Banking and Finance, FH des bfi Vienna (2007 to 2010)
Bar exam (2008)
Binder Grösswang Attorneys at law (2007 to 2008)
Austrian Financial Market Authority (2003 to 2006)
Dorda Attorneys at law (2001 to 2002)
Doctoral studies in law, University of Vienna (2001 to 2003)
Law studies, Universities of Vienna and Maastricht (1995 to 1999)

Languages

German, English

Contact

Phone +43 1 877 04 54
Mail This email address is being protected from spambots. You need JavaScript enabled to view it.

Bernd Fletzberger hat fundiertes Fachwissen und eine strategische Herangehensweise.

Juve Ranking 2024
PFR hat sich als Top Kanzlei im regulatorischen Bereich etabliert, insbesondere wenn es um Anti-Geldwäsche geht.

Juve Ranking 2024
Bernd Fletzberger ist einer der wenigen Anwälte, der im Bereich Payments aktiv ist.

Juve Ranking 2024
Bernd Fletzberger of PFR Rechtsanwälte is known in the market for his expertise in a broad range of banking and finance regulatory issues. He offers strength in fintech-related matters, including payment services and cryptocurrencies. He also has good experience advising on mandates relating to the FMA.

Chambers Europe Guide 2024
Bernd always makes sure to proactively take up issues and pushes them forward. He stands for excellence and state-of-the-art approach.

Chambers Europe Guide 2024
Bernd Fletzberger knows all the details and knows where the regulator is leaning.

Chambers Europe Guide 2024
We really value Bernd's diligent work and know-how, and his ability to convey complex matters in a way that can be easily understood by someone who is not an expert on legal language.

Chambers Europe Guide 2024
Deep knowledge of the banking regulatory framework combined with an understanding of the goals, processes and expectations of the regulator.

Legal 500 Guide 2024
The focus is on pragmatic business law advice and innovative legal solutions for special issues.

Legal 500 Guide 2024

Latest publications

Current problems with abusive payments

Current problems with abusive payments –authorised or not, that is the question! (together with Christopher Falke), ZFR 2024/170, 364

Handbook Payment Traffic 4.0

Payment services covered by the ZaDiG 2018 and the e-money business in accordance with the E-GeldG 2010 (together with Christian Steiner), in Tuder (Hrsg), Handbuch Zahlungsverkehr 4.0 / FinTechs – Krypto-Assets – Sandbox & Co. (2024)

ECJ rulings on the Money Laundering Directive

ECJ rulings on the Money Laundering Directive (together with Sanijel Ficulovic), FACTS 1/2023, 16

ECJ on the enhanced due diligence obligations under the FM-GwG

ECJ on enhanced due diligence obligations under the FM-GwG and what Nord Stream 2 and KYCC have in common (together with Sanijel Ficulovic), ZFR 2023/53, 113

The European Commission's anti-money laundering package

The European Commission's anti-money laundering package - the longed-for big one? (together with Miriam Broucek), ZFR 2022/59, 117

Legal commentary regarding § 21 Banking Act

§ 21 BWG (together with Angelo Sacilotto) in Laurer/M.Schütz/Kammel/Ratka (Hrsg), Kommentar zum BWG (2022)

Expectations for dealing with sustainability risks

Expectations for dealing with sustainability risks (together with Miriam Broucek), Raiffeisenblatt 11/2021, 13

EBA Opinion on easy access to payment accounts

EBA Opinion on aasy access to payment accounts, ZFR 2021/62, 155

Administrative penalties against legal entities under financial market law

Administrative penalties against legal entities under financial market law, ZFR 2020/261, 597

Deceptive calm in administrative criminal law

Deceptive calm in administrative criminal law (together with Rainer Wolfbauer), ZFR 2020/260, 593

The amended scope of application of PSD2 and the ZaDiG 2018

The amended scope of application of PSD2 and the ZaDiG 2018, ZFR 2018/162, 325

Preventing money laundering with regard to new payment methods

Preventing money laundering with regard to new payment methods, in Wohlschlägl-Aschberger (Hrsg), Geldwäscheprävention (2018)

Legal commentary regarding §§ 69 bis 71 Banking Act

§§ 69 to 71 BWG in Laurer/M.Schütz/Kammel/Ratka (Hrsg), Kommentar zum BWG (2017)

Legal commentary of §§ 1 to 5 Insurance Supervisory Act 2016

§§ 1 to 5 VAG 2016 in Korinek/G.Saria/S. Saria (Hrsg), Kommentar zum VAG (2016)

Legal commentary of sections 365m to 365z of the Trade Act

§§ 365m bis 365z (AML provisions) in Ennöckl/N.Raschauer/Wessely (Hrsg), Kommentar zur GewO (2015)

ECB supervision - impact on smaller institutions

ECB supervision - impact on smaller institutions?, Raiffeisenblatt 9/2014, 6

Basel III and Corporate Governance

Basel III and Corporate Governance, in ZFR Spezial – von Basel III zu PRIPS (2014)

Prohibition of a life insurance tariff by the FMA unlawful

Prohibition of a life insurance tariff by the FMA unlawful, ZFR 2013/187, 318

EU Commission proposal on the Payment Services Directive

EU Commission proposal on the Payment Services Directive, ZFR 2013/163, 289

Draft for a Bank Intervention and Restructuring Act

Draft for a Bank Intervention and Restructuring Act, ZFR 2013/58, 99

Commission proposal for a directive on the crisis management of credit institutions

Commission proposal for a directive on the crisis management of credit institutions - a first analysis, ZFR 2012, 298

The new Media Transparency Act

In force from July: The new Media Transparency Act, Compliance Praxis 2012/2, 6

New rules for electronic money

New rules for electronic money, ZFR 2011/26, 50

Legal commentary of sections 16, 23 and 24 Investment Services Act (2012)

§§ 16, 23, 24 in N. Raschauer/Gruber, Großkommentar zum Wertpapieraufsichtsgesetz 2007

ZFR Spezial - Compliance and financial market law

Compliance and regulatory law - basis, organisation and competences, in ZFR Spezial - Compliance and financial market law (2011)

Will e-money be woken from its slumber?

Will e-money be woken from its slumber?, Die Presse, Rechtspanorama, 27.9.2010

Non-binding standard insurance terms and conditions on the brink of extinction?

Non-binding standard insurance terms and conditions on the brink of extinction?, AssCompact 2010/4

National Rescue Measures in response to the current financial crisis

National Rescue Measures in response to the current financial crisis, in: European Central Bank (Hrsg), Legal Working Paper Series No 8 / July 2009

Disclosure of major transactions with related parties

Disclosure of major transactions with related parties pursuant to the Stock Exchange Act, ZFR 2009/2, 45

EU will strictly regulate rating agencies

EU will strictly regulate rating agencies, Wirtschaftsblatt vom 5.2.2009

New investor compensation

New investor compensation, ZFR 2009/18, 34f

Regulatory provisions for insurance companies regarding AML

Regulatory provisions for insurance companies, in Wohlschlägl-Aschberger (Hrsg), Money Laundering prevention: practical measures for companies (2009)

Income taxation of life insurance policies

Income taxation of life insurance policies, AssCompact 2008/11, 30

Insurance tax for unit-linked life insurance policies

Insurance tax for unit-linked life insurance policies, AssCompact 2008/9, 56

On the road to Solvency II - Part 2

On the road to Solvency II - Part 2 (together with Karin Harreither), ZFR 2008, 206

Prospectus Supervision in Austria

Prospectus Supervision in Austria – Guidance form the Supervisor (together with Michael Binder), IBA Securities Newsletter, November 2007

On the road to Solvency II - Part 1

On the road to Solvency II - Part 1 (together with Karin Harreither), ZFR 2007, 124

Regulatory assessment of second-hand policies

Regulatory assessment of second-hand policies, VersR 11/2006, 13 ff

On the admissibility (under public procurement law) of “consortial pension fund tenders”

On the admissibility (under public procurement law) of “consortial pension fund tenders” – comments to VKS Wien 13.3.2006, VKS-248/06, ZFR 2006, 113 ff.

Prohibition of a life insurance tariff pursuant to § 104 para 1 VAG

Prohibition of a life insurance tariff pursuant to § 104 para. 1 VAG – comments to VwGH 26.9.2006, 2006/17/0132, ZFR 2006, 102 f

Second-hand policies: a legal inventory

Second-hand policies: a legal inventory, ÖZW 2006, 70 ff

Cross-border activities of institutions for occupational retirement provisions

Cross-border activities of institutions for occupational retirement provisions, wbl 2006, 106 ff

Money laundering prevention and distance selling of financial services

Money laundering prevention and distance selling of financial services in Fletzberger/Schopper (Hrsg), Praxishandbuch Fernabsatz von Finanzdienstleistungen (2004)

Practical handbook on distance selling of financial services (2004)

AML provisions, in Fletzberger/Schopper, Praxishandbuch Fernabsatz Finanzdienstleistungen (2004)

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