Pursuant to section 92 para 11 of the Wertpapieraufsichtsgesetz 2007 (WAG; Securities Supervision Act), Austria’s Financial Market Authority (FMA) has the right to inform the general public, in individual cases by way of announcement on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung” or any other official paper with nationwide circulation, that a particular company is not entitled to provide certain financial services (section 3 para 2 nos. 1 to 4 WAG 2007).
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 13 March 2009, the FMA is exercising this right and warns against financial service transactions requiring a licence with the following provider:
Private Equity Placement
with alleged business location:
Head Office
1004-6 Bonham Trade Centre
50 Bonham Strand East
Sheung Wan
Hong Kong
Phone: +852 3015 8516
Fax: +852 3015 8556
European Office
Marszalkowska 80
00-517 Warsaw
Poland
Phone: +48 2248 53200
Fax: +48 2248 53201
E-Mail: accounts(at)privateequityplacement.com
Web: www.privateequityplacement.com
This provider does not possess a licence issued by the FMA to provide investment services in Austria. Therefore, it is neither allowed to provide investment advice regarding financial instruments, nor portfolio management, i.e. managing portfolios for individual customers who authorise a room for manoeuvre, provided that the customer portfolio contains one or several financial instruments. Furthermore, the provider is also not entitled to accept or transmit transactions, provided that such activity involves one or several financial instruments.