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 This administrative act cannot be repealed by legal means.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)