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 Group AG for a breach against Regulation (EU) 2017/1129 due to misleading advertising in an Austria print and online medium in October 2021 in relation to a qualified subordinated debt instrument.
The penal order is not final.
Update 23.11.2023:
Green Finance Group AG has lodged an appeal against the FMA’s penal order to the Federal Administrative Court (BVwG; Bundesverwaltungsgericht).