The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 1,500 by way of a preliminary appeal decision for breaches of the provisions regarding the limits on taking out a loan from the assets of a special fund (Article 80 para. 1 Investment Funds Act (InvFG; Investmentfondsgesetz) against the responsible agent of an investment fund management company.
The preliminary appeal decision is final.