Environmental change is subject to discussion among scientists, practitioners, and policymakers. As increasing threats to both environment and society are on the agenda, alternative management approaches are gaining importance. This paper focuses on the influence of policy changes on flood risk management. There is evidence that shifts in settlement patterns and population growth might influence the dynamics of flood damage and loss. There is increased pressure to intensify land use, but also to keep free spaces for hazard mitigation and adaptation. In this paper, we focus on new regulative and management approaches associated with the implementation of the European (EU) Floods Directive in Austria. The concept of tipping points, which are defined as turning points for system change, has been applied. Based on semi-structured interviews we evaluate whether or not the implementation of the EU Floods Directive has triggered a system change in flood risk management. Our results show that triggers for change are past flood events and a general need for action rather than the implementation of the directive itself. Changes related to the EU Floods Directive are likely to happen in the long-term; however, these cannot yet be determined. The main challenges are associated with transparency and communication between policymakers and the affected society. So far, the requirements of the first policy cycle of the directive have been fulfilled. The second policy cycle will show further outcomes and potential needs.