You are here: 

Announcement: FMA imposes a sanction against a private person for delayed notifications about proprietary trading activities

Release Date: |
Categories:

The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 4,300 on a supervisory board member of an issuer. The reason is a breach against the Market Abuse Regulation (MAR, Regulation (EU) 596/2014). The supervisory board member specifically failed to submit the respective compulsory notifications to the FMA and the issuer about their proprietary trading activity (Directors’ Dealings notification) within three business days following the date on which the transaction was conducted. The penal order is not final.