The Hungarian Financial Supervisory Authority publishes warning notices naming firms which are duly registered and headquartered in Hungary but offer investment and/or supplementary investment services being under force of the Act CXX of 2001 on Capital Market without licence of the HFSA for such activities.

The HFSA warns the participants of capital markets and the investors that the companies listed below are not supervised by the HFSA and their activities are not covered by the insurance provided by the investor Protection Fund. investors should therefore exercise extreme caution against these companies, because the investors damaged in connection with the companies are not entitled to compensation from the Fund.

Name of the companyAddressNumber and date of decisionCambridge Global Szolgáltató Kft.1054 Budapest, Szabadság tér 7. iii.86.235/2003., 22 December 2003Bowen Reece Tanácsadó Kft.1053 Budapest, József nádor tér 5-6. iii.86.236/2003., 22 December 2003Livingstone Asset Management Kft.1052 Budapest, Váci u. 11.iii.86.237/2003., 22 December 2003KRD Európa Tanácsadó Kft. 1092 Budapest, Köztelek u. 6. iii. em.iii/86.163/2002., 23 December 2002Astral European 2002 Tanácsadó Kft.1119 Budapest, Fehérvári út 83.iii/86.199/2003., 29 September 2003