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 24 December 2008, the FMA is exercising this right and warns against financial service transactions requiring a licence with the following provider:
Skyline Advisory Group
Gerbergasse 10
CH-8023 Zurich
www.skyline-advisorygroup.com
This provider does not possess a l24icence issued by the FMA to provide investment services. 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.