The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 105,000 on Erste Asset Management GmbH as a legal person. Proceedings were concluded under the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). The reason for this sanction multiple breaches of investment terms in the Investment Funds Act 2011 (InvFG 2011; Investmentfondsgesetz 2011). Specifically, Erste Asset Management GmbH has exceeded the limit for the taking out of loans on the account of the assets of the fund and the ratio for including units in one and the same fund into the assets of the fund. These limits exist to safeguard the assets of the fund. The penal order is final.