Pursuant to Article 92 para. 11 first sentence of the Wertpapieraufsichtsgesetz 2018 (WAG 2018; Securities Supervision Act 2018) or Article 4 para. 7 of the Bankwesengesetz (BWG; Banking Act), the Austrian Financial Market Authority (FMA) may inform the general public that a particular named natural or legal entity is not authorised to carry out certain investment services transactions (Article 3 para. 2 nos. 1 to 4 WAG 2018) or banking transactions (Article 1 para. 1 BWG), provided that the 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” on 25.06.2020, the FMA hereby informs that
is not authorised to provide investment services or banking services in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others (Art. 1 para. 1 no. 7 BWG), nor to provide commercial portfolio management (Art. 3 para. 2 no. 2 WAG 2018).