The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 35,000 by means of a penal order against Green Finance Capital AG for a breach against Regulation (EU) 2017/1129 due to misleading advertising on its website as well as in advertising material in relation to a qualified subordinated debt instrument.
The penal order is not final.
Update 23.11.2023:
Green Finance Capital AG has lodged an appeal against the FMA’s penal order to the Federal Administrative Court (BVwG; Bundesverwaltungsgericht).
Update 21.02.2025:
The Federal Administrative Court (BVwG; Bundesverwaltungsgericht) confirmed the FMA’s penal order dated 12.10.2023 in full. The orderly final right of appeal was declared not to be permissible. The penal order is final.