Pursuant to Article 4 para. 7 first sentence of the Bankwesengesetz (BWG; Banking 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, 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 5 July 2012, the FMA informs, that
MediaCred AG
with alleged business location in
Hangstraße 12
8603 Schwarzenbach
Schweiz
service(at)powerkredit.at
www.powerkredit.at
is not authorised to carry out certain banking transactions requiring a licence in Austria. The provider is therefore not entitled to broker loans (Article 1 para. 1 no. 18 lit b BWG in conjunction with Article 1 para. 1 no. 3 BWG).