The FMA warns investors against the conclusion of banking transactions and investment services requiring a licence with this provider.
The Austrian Financial Market Authority (FMA) may, pursuant to the first sentence of Article 4 para. 7 of the Austrian Banking Act (BWG) and/or the first sentence of Article 92 para. 11 of the 2007 Securities Supervision Act (WAG 2007), 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 or investment services, provided this person has given cause for such action and informing the general public is deemed necessary and reasonable in the light of possible disadvantages for those concerned.
By publication in “Amtsblatt zur Wiener Zeitung” of 10 June 2015, the FMA therefore announces that the operators of the website:
are not entitled to carry out banking transactions or provide investment services in Austria that require a licence. The provider is therefore not allowed to deal for own or other than own account in financial futures contracts (futures), including equivalent instruments settled in cash as well as call and put options on the instruments listed in lit. a and d to f, including equivalent instruments settled in cash (futures and options business pursuant to Article 1 para. 1 no. 7 lit. c BWG) or entitled to receive and transmit orders, to the extent that such activity involves one or more financial instruments (Article 3 para. 2 no. 3 WAG 2007).