You are here: 

CEEM Central & Eastern European Markets Asset Management

Release Date: |
Categories:

Pursuant to Article 4 para. 7 first sentence of the Bankwesengesetz (BWG; Banking Act) resp. Article 92 para. 11 first sentence of the 2007 Wertpapieraufsichtsgesetz (WAG 2007; Securities Supervision Act), the Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular natural or legal person (person) is not entitled to carry out certain banking transactions resp. investment services, provided that said person has given cause for such action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the person concerned.

By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 30 July 2011, the FMA informs, that

CEEM Central & Eastern European Markets Asset Management
with alleged place of business
Burgring 16, A-8010 Graz, Austria
ceemam.com
Phone: +43 720 88 07 17
Fax: +43 720 88 07 18

is not entitled to provide banking or investment services in Austria requiring a licence. Therefore trading for one’s own account or on behalf of others in transferable securities (securities business) pursuant to Article 1 para 1 no. 7 lit e is not allowed nor to provide investment advice in relation to financial instruments pursuant to Article 3 para. 2 no. 1 WAG 2007 nor to provide the reception and transmission of orders in relation to one or more financial instruments pursuant to Article 3 para. 2 no. 3 WAG 2007.

Previous news entry: «
Next news entry: »