The Austrian Financial Market Authority (FMA) has imposed fines of EUR 2,000 each against the persons responsible of APEX Ventures GmbH. The proceedings were concluded in an accelerated manner pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). Specifically, APEX Ventures GmbH failed to notify the information pursuant to Article 1 para. 5 no. 4 AIFMG promptly to the FMA. Article 1 para. 5 no. 4 AIFMG is intended to permit the FMA to monitor systemic risks effectively. The penal orders are final.