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The Austrian Financial Market Authority (FMA) may notify the public by way of publication on the Internet, or in a newspaper with nationwide circulation that a named natural or legal person is not authorised to perform certain investment services transactions (Article 3 para. 2 nos. 1 to 4 WAG 2018), provided that this person has given cause for such action and informing the general public, and is reasonable with regard to any disadvantages suffered by the affected parties.

By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 14.05.2019, the FMA hereby informs, that the unknown operator of the website

[email protected]

is not authorised to provide investment services in Austria that require a licence. The provider is therefore not permitted to provide commercial portfolio management services by managing portfolios for individual customers with a discretion in the form of power of attorney of the customer, provided that the customer portfolio contains one or more financial instruments pursuant to Art. 3 para. 2 no. 2 WAG 2018.

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