Aggregated News From Investment Management Regulators

FMA AT

Announcement: FMA imposes sanction against Walser Privatbank Aktiengesellschaft for a breach of organisational rules as well as reporting obligations towards customers

The Austrian Financial Market Authority (FMA) hereby announced that it has imposed a fine of Euro 20,000.00 against Walser Privatbank Aktiengesellschaft 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)) for breaches against the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018) and Delegated Regulation (EU) 2017/565 for a breach of organisational rules as well as reporting obligations in conjunction with the provision of portfolio management services towards customers. The penal order is final. This news item was originally published by the Financial Market Authority...

Licence Withdrawal

The European Central Bank (ECB) has decided to withdraw the licence to provide banking business held by Autobank AG. This decision applies from 02 December 2021, although it is not yet legally final, since the possibility exists to appeal against the decision. Autobank AG was classified as a less significant credit institution within the Single Supervisory Mechanism (SSM), the banking supervision authority for all members of the Euro area, and therefore was subject to direct ongoing supervision by the Austrian Financial Market Authority (FMA). The ECB is however competent for withdrawal of licences for all credit institutions in the Euro area,...

FMA Report on the State of the Austrian Pensionskassen 2021: more than one million beneficiaries for the first time; eight out ten commitments are...

At the end of the first half of 2021, Austrian Pensionskassen (pension companies) for the first time had more than one million contractual beneficiaries (1,003,352). As a result, almost one quarter (23%) of the non-self-employed working population in Austria at least has an entitlement to a pension from this form of company old-age provision. Around 12% of all beneficiaries also already receive such a type of additional pension. Almost two out of every ten commitments (18%) are defined benefit-based, i.e. the amount of the pension to be paid out is stipulated in the pension contract. 78% are defined contribution-based,...

LPLFinances.com/Halebore Ltd

Attention! The FMA warns investors against concluding transactions with: LPLFinances.com respectively Halebore Ltd with its registered address apparently at: London, United Kingdom Web: www.lplfinances.com, www.lplfinances.eu Email: [email protected], [email protected] Tel: +44 2030972198, +49 30700107201 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...

Fnpmarkets

Attention! The FMA warns investors against concluding transactions with: Fnpmarkets Web: www.fnpmarkets.co (Link to external page. Opens in new window.) E-mail: [email protected] (Link to external page. Opens in new window.) [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...

Licence Change

In an administrative decision issued by the Austrian Financial Market Authority (FMA) dated 19.11.2021, the approval of the registration granted by means of an administrative decision by the Austrian Financial Market Authority (FMA) dated 24.11.2020, for BTM Service GmbH (FN 287955 p), with its registered office at Unterbings 2, 6700 Bludenz, as a virtual asset service provider pursuant to Article 32a para. 1 of the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldwäschegesetz), for the exchanging of virtual currencies into fiat money and vice versa (Article 2 no. 22 lit. b FM-GwG) has been withdrawn. The registration was surrendered at the request of...

BTM Service GmbH is prohibited from exchanging virtual currencies into legal means of payment and vice versa as well as conducting such transactions using...

BTM Service GmbH’s registration as a virtual asset service provider pursuant to Article 32a para. 1 of the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldwäschegesetz) was revoked in an administrative decision issued by the Austrian Financial Market Authority (FMA) on 19.11.2021. It is therefore prohibited for the entity to conduct the exchanging of virtual currencies into fiat money and vice versa (Article 2 no. 22 lit. b FM-GWG) as well as conducting such transactions using Bitcoin vending machines. The withdrawal of the registration took place at the request of BTM Service GmbH. This news item was originally published by the Financial Market Authority (FMA AT)....

Planned Portfolio Transfer from Youplus Insurance International AG to YOUPLUS Assurance AG

Youplus Insurance International AG with its registered office at Austraße 14, 9495 Triesen, Liechtenstein, intends to transfer its entire life insurance portfolio by way of a merger to YOUPLUS Assurance AG with its registered office at Austraße 14, 9495 Triesen, Liechtenstein. According to information from the supervisory authority in Liechtenstein, contracts with insurance policyholders 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.

Aclassbank / Bellerophon Group Ltd

Attention! The FMA warns investors against concluding transactions with: Aclassbank / Bellerophon Group Ltd with its registered address apparently in Mauritius and St. Vincent and Grenadines Web: www.aclassbank.com E-Mail: [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...

Hashtrade.pro/Xertz Consulting Ltd

Attention! The FMA warns investors against concluding transactions with: Hashtrade.pro or Xertz Consulting Ltd Web: www.hashtrade.pro E-Mail: [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 Zeitung) on...

“Let’s talk about money”: insurance-based investment products – compare products using the key information document!

In the latest edition of its consumer information series “Let’s talk about money”, the Austrian Financial Market Authority (FMA) informs consumers about how they can compare different insurance-based investment products with one another using the key information document. Insurance-based investment products are life insurance policies that not only provide coverage in the event of death, but which all also carry the opportunities and threats associated with an investment, both in the case that the investor dies or survives. Generally they are a mixed product made up of the hedging of risks and investment of money. In addition to classical life...

Announcement: FMA imposes sanction against the responsible representative of UniCredit Bank Austria AG for a breach against the Payment Services Act 2018 (ZaDiG 2018;...

The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 1,600.00 by means of a penal order against the responsible representative of UniCredit Bank Austria AG by way of the accelerated conclusion of proceedings pursuant to Article 22 para 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). In contravention of Article 9 (2) of Regulation (EU) No. 260/2012, UniCredit Bank Austria AG stipulated to a customer in which Member State their reference account was required to be held. The penal order is final. This news item was originally published by the Financial Market Authority (FMA AT)....

Regulator Information

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

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This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

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