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XTRGate or South Bay Holdings Ltd

Release Date: |

The Austrian Financial Market Authority (FMA), inter alia pursuant to Article 4 para. 7 of the Bankwesengesetz (BWG; Banking Act), may inform the general public that a particular natural or legal person (person) is not authorised to carry out certain banking transactions (Article 1 para. 1 BWG), where the said person has given cause for such an action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the affected party.

By publication in the official gazette “Amtsblatt zur Wiener Zeitung” on 21.10.2020, the FMA hereby informs that

XTRGate or South Bay Holdings Ltd

with its registered address apparently at

Cnr Old and Church Street

POB 2209 Roseau

Commonwealth of Dominica


E-Mail: [email protected]

is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others (Article 1 para. 1 no. 7 BWG).

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