Aggregated News From Investment Management Regulators

FMA AT

RichmondSuper

Attention! The FMA warns investors against concluding transactions with: RichmondSuper https://www.richmondsuper.com (Link to external page. Opens in new window.) [email protected] [email protected] [email protected] [email protected] [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 the Wiener...

Hardson Becker Global

Attention! The FMA warns investors against concluding transactions with: Hardson Becker Global with its registered address apparently in Hangzhou, China www.hardson.com 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 17.06.2021. This news item was originally published by the Financial Market Authority...

“Let’s talk about money” – money laundering: how illegal assets are given a legal appearance

In the latest edition of its consumer information series, “Let’s talk about money” the Austrian Financial Market Authority (FMA) explains about the term money laundering, and how private individuals can help to prevent money laundering, and how they can ensure that they do not fall victims of professional money launderers. In addition, there are answers provided to a number of the most frequently asked questions to the FMA’s Consumer Information team about the prevention of money laundering. Money laundering means that illegally obtained money – for example from drug dealing, tax evasion, corruption, illegal arms trading, online fraud, child pornography...

Announcement: FMA imposes sanction against BNP Paribas SA for a breach of the requirements for a breach on the requirement for honest, clear and...

The Austrian Financial Market Authority (FMA) hereby advises that it has imposed a fine of EUR 235,000 by way of a penal order against BNP Paribas SA as a legal person by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz) for breaches against the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018) and Delegated Regulation (EU) 2017/565 due to a breach of the requirements for honest, clear and non-misleading information with regard to its market presence. The penal order is final. This news item was originally published by the Financial...

Portfolio Transfer from ONVZ Additional Insurance NV to OOM Global Care NV

ONVZ Aanvullende Verzekering N.V. with its registered office at De Molen 66, 3995 AX Houten, the Netherlands, intends to transfer parts of its non-life insurance portfolio to OOM Global Care N.V. with its registered office at Jan Thijssenweg 2, 2289 AA Rijswijk, the Netherlands. According to information from the Dutch supervisory authority, policies held by policy holders in Austria are also affected. A termination right exists for insurance policy holders pursuant to Article 31 para. 2 of the Insurance Supervision Act 2016 (VAG 2016; Versicherungsaufsichtsgesetz 2016). This news item was originally published by the Financial Market Authority (FMA AT). For more information, please see the...

Announcement: FMA imposes sanction against European Lithium Limited for a breach against the ban on market manipulation

The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 160,000 by means of a penal order for breaches of the Market Abuse Regulation (MAR – Regulation (EU) 596/2014) and the Stock Exchange Act 2018 (BörseG 2018; Börsegesetz 2018) against European Lithium Limited as a legal person by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz) for the dissemination of information and messages that sent out false and misleading signals to the market in relation to a financial instrument. The penal order is...

Portfolio Transfer from Yarden Uitvaartverzekeringen N.V. to Dela Natura- en levensverzekeringen N.V.

Yarden Uitvaartverzekeringen N.V. with its registered office at Transistorstraat 10, 1322 CE, Almere, the Netherlands, intends to transfer its entire life insurance portfolion by way of a merger to Dela Natura- en levensverzekeringen N.V. with its registered office at Oude Stadsgracht 1, 5611 DD, Eindhoven, the Netherlands. According to information received from the Dutch supervisory authority, this also includes policies held by policyholders in Austria. This news item was originally published by the Financial Market Authority (FMA AT). For more information, please see the Source Link.

Lapsing of Licence

The licence of Credendo − Single Risk Insurance AG has lapsed following the entry of its merger with the acquiring entity Credendo – Excess & Surety SA in the Commercial Register on 11.06.2021. This news item was originally published by the Financial Market Authority (FMA AT). For more information, please see the Source Link.

UAB Finolita Unio: Bank of Lithuania revokes the licence of the e-money institution

The Bank of Lithuania informed FMA that on 8 June 2021, the license of the e-money institution “UAB Finolita Unio” has been revoked for severe infringements of anti-money laundering and counter-terrorist financing requirements. As a consequence, the freedom to provide services in Austria by UAB Finolita Unio is also terminated. For further details concerning the withdrawal of the license please see the following link:https://www.lb.lt/en/news/licence-of-finolita-unio-revoked (Link to external page. Opens in new window.) This news item was originally published by the Financial Market Authority (FMA AT). For more information, please see the Source Link.

FMA Report for the 1st Quarter of 2021 for the Austrian insurance industry: stable volume of premiums, increased result from ordinary activities

Austrian insurance undertakings increased their premium volume in the first quarter of 2021 by + 0.35 % to € 5.85 billion compared against the first quarter of 2020. The result from ordinary activities (German: Ergebnis der gewöhnlichen Geschäftstätigkeit (EGT)) increased by € 387.88 mn to € 323.14 mn compared to the 1st Quarter of 2020. The was attributable to the fact that the technical result increased by € 182.06 mn to € 215.60 mn, while the financial result rose by € 665.96 mn to € 535.91 mn. The total of all assets at market value (excluding investments in the area of unit-linked...

FMA Report for Q4 2020 on Austrian Pensionskassen: assets managed increase slightly, positive investment performance

The total assets managed by Austrian Pensionskassen (pension companies) stood at EUR 25.5 billion at the end of the 1st quarter of 2021, an increase of 2.1% compared with the previous quarter. During the reporting period, the number of beneficiaries (entitled and recipients) stood at approx. 998,000 (0.3%). Of these, around 120,000 persons, or 12%, drew a pension from the Pensionskassen system. The investment performance that is calculated by the Oesterreichische Kontrollbank (OeKB) on a quarterly basis stood in the 1st quarter of 2021 at 2%, with multi-employer Pensionskassen (2%) performing better than single-employer Pensionskassen (1.3%). On average over the...

FXTime

Attention! The FMA warns investors against concluding transactions with: FXTime with its registered address apparently at 1010 Vienna http://fxtime.io [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 28.05.2021. This news item was originally published...

Regulator Information

Regulator Name: Financial Market Authority
Abbreviation: FMA
Jurisdiction: Austria

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RichmondSuper

Attention! The FMA warns investors against concluding transactions with: RichmondSuper https://www.richmondsuper.com (Link to external page. Opens in new window.) [email protected] [email protected] [email protected] [email protected] [email protected] (Link to external page. Opens in new window.) This provider...

Hardson Becker Global

Attention! The FMA warns investors against concluding transactions with: Hardson Becker Global with its registered address apparently in Hangzhou, China www.hardson.com This provider is not authorised to carry...

“Let’s talk about money” – money laundering: how illegal assets are given a legal appearance

In the latest edition of its consumer information series, “Let’s talk about money” the Austrian Financial Market Authority (FMA) explains about the term money...

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