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.<\/p>
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 17 October 2014, the FMA informs, that<\/p>
Österreichische Unterstützungskasse<\/strong> Office Graz: Office Vienna: is not entitled to carry out banking transactions in Austria that require a licence. Therefore the acceptance of funds from other parties for the purpose as deposits (deposit business) is not allowed pursuant to Article 1 Para. 1 Z 1 BWG.<\/p> Download<\/p> ANNOUNCEMENT in the official gazette “Amtsblatt zur Wiener Zeitung” of 26 November 2014<\/strong><\/p> With regard to Österreichische Unterstützungskasse an announcement pursuant to Article 4 para. 7 of the Austrian Banking Act (BWG) was published on 17 October 2014 in the official gazette “Amtsblatt zur Wiener Zeitung” and on the website of the FMA.<\/p> Pursuant to the fourth sentence of Article 4 para. 7 BWG, the company whom the publication concerns may apply to the FMA for a review of the lawfulness of the publication. In this case, the FMA must publicly announce initiation of such a procedure in the same manner.<\/p> Österreichische Unterstützungskasse has submitted a corresponding application for review of the lawfulness of the publication of 17 October 2014.<\/p> The FMA will, therefore, review the lawfulness of the publication of 17 October 2014 in a procedure to be decided upon by administrative decision.<\/p>\n","protected":false},"excerpt":{"rendered":" The FMA warns investors against the conclusion of banking transactions requiring a licence with this provider.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[81],"tags":[],"class_list":["post-3250","post","type-post","status-publish","format-standard","hentry","category-warning"],"yoast_head":"\n
\nZVR-Zahl 162639382
\nwith the address for service 8020 Graz, Hans Resel Gasse 19<\/p>
\nLiebenauer Hauptstr. 2-6
\nStiege D\/1. Stock, 8041 Graz
\nTel.: 0316\/4682242
\nFax.: 0316\/4682110<\/p>
\nPrinz Eugen Str. 68\/Parterre
\n1040 Wien
\nTel.: 01\/9544679
\nFax: 0316\/4682110
\noffice(at)unterstuetzungskasse.at
\nwww.unterstuetzungskasse.at<\/p>