The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 375,000 against CA Immobilien Anlagen Aktiengesellschaft. Specifically the company breached the ad hoc reporting obligations under Article 17 of Regulation (EU) No 596/2014 (MAR), in failing to disclose as soon as possible inside information directly concerning it about its intention to launch a new share buyback programme to the public in 2022. Article 17 MAR addresses investor protection, protecting the functioning of the market and protecting against insider trading. The penal order is not final.
Update 11 April 2025:
CA Immobilien Anlagen Aktiengesellschaft has lodged an appeal to the Federal Administrative Court (BVwG; Bundesverwaltungsgericht) against the FMA’s penal order.