FMA warns against Novaris Capital’s unauthorised Austrian services

Austria’s Financial Market Authority (FMA) warned on 31 July 2026 against offers from Novaris Capital Limited, which it said is not authorised to provide certain securities services in Austria.

The notice identifies the firm’s website as novaris-capitallimited.ltd, provides an email address and refers to an alleged London address. It is an authorisation and investor-protection notice. It does not impose a fine or record an AML, market-abuse or competition finding.

Under paragraph 4 of the notice, the FMA said Novaris Capital Limited 'has no authorisation to provide securities transactions requiring a licence in Austria'. The firm therefore may not offer the execution of orders for customers under section 3(2)(6) of Austria’s Securities Supervision Act 2018.

The publication relies on section 92(11) of the Securities Supervision Act 2018, according to paragraph 5. The FMA said anyone offering banking, financial or securities services in Austria requires its permission, while some businesses offer those services without the required authorisation.

The notice does not establish why the firm lacks authorisation, whether customers have suffered losses or whether any criminal conduct occurred. It does not specify a compliance deadline, investigation timetable, affected-customer count or further procedural step.

For firms and advisers assessing a potential counterparty, the operational check is to verify the provider against the FMA’s authorisation information before using its services. The notice directs readers to the FMA’s register to check whether a particular business is authorised.

The notice does not identify a penalty or an appeal route. Its practical consequence is that Novaris Capital Limited cannot offer the specified execution-of-client-orders service in Austria on the basis described in the publication.

Affected persons should retain the firm’s offer details, confirm the provider’s status through the FMA’s authorisation information and avoid treating the warning as evidence of conduct beyond the unauthorised-services issue identified in the notice.

Source: Austrian Financial Market Authority, warning notice dated 31 July 2026, paragraphs 4–5; FMA authorisation register: https://www.fma.gv.at/en/search-company-database/