The Austrian Financial Market Authority (FMA) announces that it has imposed sanctions due to a breach of the obligation to act in the best interests of holders of units (Article 29 paras. 3 and 4 of the Investment Fund Act 2011 (InvFG 2011; Investmentfondsgesetz 2011) in conjunction with Article 45 InvFG and against two responsible managers of an investment fund management company active at the time of the breach, and has imposed fines against them of EUR 3,000.00 each. The investment fund management company charged too high custodian bank fees during the period in question thereby breaching the terms and conditions of the fund.