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Announcement: FMA imposes sanction against HYPO TIROL BANK AG for a breach of suitability rules in conjunction with the provision of investment advice services

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The Austrian Financial Market Authority (FMA) announces that it has imposed an additional fine of EUR 30,400 by means of a penal order against HYPO TIROL BANK AG as a legal person for breaches against the Securities Supervision Act (WAG 2018; Wertpapieraufsichtsgesetz) and Delegated Regulation (EU) 2017/565 for a breach of the organisational regulations in relation to the suitability assessment in the provision of investment advice services by means of online tools under the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz).

The penal order is final.

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