The Austrian Financial Market Authority (FMA) announced that it has imposed a fine of EUR 16,000 by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz) against an investment firm for a breach of the documentation obligations in accordance with Article 33 para. 1 Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018). The investment firm failed to document the reasons for investment decisions within the scope of individual portfolio management. The penal order is final.