Austrian Financial Market Authority (FMA) Warning: UK Options
The FMA warns investors against the conclusion of investment services requiring a licence with this provider
The Austrian Financial Market Authority (FMA) may, pursuant to 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 investment services (Article 3 para. 2 nos. 1 to 4 WAG 2007), 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
Purported contact details:
Worldwide Tech Limited, 1st Floor, 2 Woodberry Grove, Finchley London N12 0DR, UK
Smartech Limited (Cedar Hill Crest Villa, St. Vincent)
Australia +61280152800, Canada +16475565400, Germany +493031199100, South Africa +27213009800, Switzerland +41225182900, United Kingdom +442036953300, USA +16467129700
Further contact details:
is not entitled to provide investment services in Austria that require a licence. The provider is therefore not allowed to perform commercial portfolio management by managing portfolios for individual customers who authorise a certain degree of management discretion where the customer portfolio contains one or more financial instruments.
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