Pursuant to Article 22c para. 1 no. 2 of the Financial Market Authority Act (FMABG – Finanzmarktaufsichtsbehördengesetz), the Austrian Financial Market Authority (FMA) may in imposing a sanction that has been imposed as a result of breaches of among other provisions Article 98 para. 1a of the Austrian Banking Act (BWG – Bankwesengesetz), disclose the name of the persons or entities upon whom a sanction has been imposed, as well as information about the sanction imposed.
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 27 April 2016, the FMA hereby informs, that
Erste Allgemeine Arbeitnehmer Kranken- und Unterstützungskasse AK-UK
Number in the centralised register of associations (ZVR – Zentralvereinsregister): 618517604
1040 Vienna, Prinz Eugen Straße 68, ground floor
www.ak-uk.at
Was instructed by means of an administrative decision on 11.04.2016 to cease to conduct the unauthorised conducting of deposit-taking business pursuant to Article 1 para. 1 no. 1 BWG.
The complaint brought against this administrative decision was rejected by the Federal Administrative Court (Bundesverwaltungsgericht).