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Announcement: FMA imposes sanction against IQAM Invest GmbH for a breach of investment provisions and breaches of provisions in relation to supervision

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The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 1,470 by means of a penal order (by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz) against IQAM Invest GmbH as a legal person for a breach of the investment provisions in relation to investment funds (Article 80 para. 1 of the Investment Funds Act 2011 (InvFG 2011; Investmentfondsgesetz 2011) and a breach of provisions about supervision in relation to investment funds (Article 151 no. 12 InvFG 2011). The penal order is final.

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