The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of € 16,100.00 by means of a penal order against Erste Asset Management GmbH by way of the accelerated conclusion of proceedings pursuant to Article 22 para 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). By not observing investment rules, Erste Asset Management GmbH breached the provisions of the Investment Funds Act 2011 (InvFG 2011; Investmentfondsgesetz 2011).
The penal order is final.