Investment firm

The investment firm is a legal person in the form of a joint stock company (GmbH, AG) with its registered address and head office in Austria and is authorised to provide on a commercial basis depending on the scope of the licence investment advice (Article 3 para. 2 no. 1 WAG 2007), to receive and transmit customer orders (Article 3 para. 2 no. 3 WAG 2007), portfolio management (Article 3 para. 2 no 2 WAG 2007) and to operate a multilateral trading facility. The authorisation of an investment firm to provide investment services extends in an unrestricted manner to financial instruments as defined in Article 1 no. 6 WAG 2007.

Investment firms are authorised pursuant to Article 13 WAG 2007 to provide investment services under the freedom of establishment and the freedom to provide services in all Member States within the EEA.