FMA AT

American Security Life Insurance Company Ltd. with its registered office at Austrasse 14, 9495 Triesen, Liechtenstein, has transferred its entire life insurance portfolio by way of a merger to YOUPLUS Assurance AG with its registered office at Austrasse 14, 9495 Triesen, Liechtenstein. The portfolio transfer became effective as of 01.01.2021. According to information from the supervisory authority in Liechtenstein, contracts with insurance policyholders of insured persons in Austria are also affected. This news item was originally published by the Financial Market Authority (FMA AT). For more information, please see the Source Link.

The licence of Landes-Hypothekenbank Steiermark Aktiengesellschaft has lapsed following the entry of the merger with with acquiring Raiffeisen-Landesbank Steiermark AG in the Commercial Register on 28 August 2021. This news item was originally published by the Financial Market Authority (FMA AT). For more information, please see the Source Link.

The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 34.000 against the Schoellerbank Aktiengesellschaft as a legal person for a breach against the Investment Fund Act 2011 (InvFG 2011) and two breaches against the Securities Supervision Act (WAG 2018) and Delegated Regulation (EU) 2017/565) by way of a penal order (by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG)). Schoellerbank Aktiengesellschaft has breached general organizational regulations concerning compliance (WAG 2011 in conjunction with Delegated Regulation (EU) 2017/565) as well as remuneration...

Attention! The FMA warns investors against concluding transactions with: ABC Investing, Inc. https://abc-investing.com (Link to external page. Opens in new window.) with its registered address apparently in New York [email protected] This provider is not authorised to carry out investment services in Austria that require a licence. The provider is therefore not permitted to provide commercial investment advice in relation to financial instruments (Article 3 para. 2 no. 1 WAG 2018). The basis for this publication is Article 92 para. 11 of the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018) and was also published in the “Amtsblatt zur Wiener Zeitung” (The Official Gazette of the Wiener Zeitung) on 10.09.2021. This news item was...

Attention! The FMA warns investors against concluding transactions with: NOV BANK or NOV-BANK with its registered address apparently in Celle in Germany https://nov-bank.com (Link to external page. Opens in new window.) [email protected] [email protected] This provider is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to receive funds from other parties as deposits (Article 1 para. 1 no. 1 2nd case BWG) nor to provide non-cash payment transactions, clearing services and current account services for other parties (Article 1 para. 1 no. 2 BWG) nor to conclude money-lending agreements and the granting of monetary loans (Article 1 para. 1 no. 3 BWG) nor...

Attention! The FMA warns investors against concluding transactions with: Sunton Capital Limited with its registered address apparently in London Web: www.suntonfx.com Email: [email protected] (Link to external page. Opens in new window.) This provider is not authorised 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 or on behalf of others (Article 1 para. 1 no. 7 of the Austrian Banking Act (BWG; Bankwesengesetz)). The basis for this publication is Article 4 para. 7 of the Austrian Banking Act (BWG; Bankwesengesetz) and was also published in the “Amtsblatt zur Wiener Zeitung” (The Official Gazette of...

As a lesson learned from the most recent financial and accounting scandals, discussion is currently ongoing at European level for a far-reaching reform about accounting and auditing. The objective is to improve the quality of accounting of exchange-listed companies or of public-interest entities (PIEs), and therefore to strengthen the stability of the financial markets and investor confidence. “Supervisory authorities, auditors and supervisory boards therefore have an important duty for the real economy. Their work increases the credibility of published financial information and contributes towards protecting financial market participants,” remarked Peter Hofbauer, the spokesperson for the board of the Audit...

Attention! The FMA warns investors against concluding transactions with: InfinityCapitalG Ltd Web: www.infinitycapitalg.com (Link to external page. Opens in new window.) E-Mail: [email protected] [email protected] This provider is not authorised 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 or on behalf of others (Article 1 para. 1 no. 7 of the Austrian Banking Act (BWG; Bankwesengesetz)). The basis for this publication is Article 4 para. 7 of the Austrian Banking Act (BWG; Bankwesengesetz) and was also published in the “Amtsblatt zur Wiener Zeitung” (The Official Gazette of the Wiener Zeitung) on 16.09.2021. This news item was...

Read more on "Q2 2021 FMA Report on Austrian Pensionskassen" This news item was originally published by the Financial Market Authority (FMA AT). For more information, please see the Source Link.

The premium volume of Austrian insurance undertakings increased during the second quarter of 2021 by +3.82% to € 4.78 billion compared with the second quarter of 2020. This increase is broken down as follows for the individual insurances classes: Non-life/accident +4.35% to € 2.85 bn, life insurance +2.69% to € 1.31 bn as well as health insurance +3.84% to € 624 million. The premium volume for the first half of 2020 as a whole rose to € 10.63 billion, with non-life/accident insurance increasing by +3.07 % to € 6.64 billion, health insurance increasing by +3.40% to € 1.26 billion,...

Read more on "Salzburger Landes-Hypothekenbank AG" The licence of SALZBURGER LANDES-HYPOTHEKENBANK AKTIENGESELLSCHAFT has lapsed following the entry of the merger with the acquiring Raiffeisenlandesbank Oberösterreich Aktiengesellschaft in the Commercial Register on 10 September 2021. This news item was originally published by the Financial Market Authority (FMA AT). For more information, please see the Source Link.

Read more on "24NewsTrade / Baumont Group LTD " Attention! The FMA warns investors against concluding transactions with: 24NewsTrade / Baumont Group LTD with its registered address apparently in Beachmont, Kingstown, St. Vincent and Grenadines www.24news.trade (Link to external page. Opens in new window.) E-Mail: [email protected]; [email protected] [email protected] This provider is not authorised 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 or on behalf of others (Article 1 para. 1 no. 7 of the Austrian Banking Act (BWG; Bankwesengesetz)). The basis for this publication is Article 4 para. 7 of the Austrian Banking Act (BWG; Bankwesengesetz)...