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Announcement: FMA imposes sanction against IQAM Invest GmbH for breaches against investment conditions

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The Austrian Financial Market Authority (FMA) hereby announced that is has imposed a fine of EUR 2,200 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 the investment fund management company IQAM Invest GmbH as a legal person for two breaches against the investment provisions (Article 80 para. 1 of the Investment Funds Act 2011 (InvFG 2011; Investmentfondsgesetz 2011) and Article 3 para. 1 of the 4th Derivatives Risk Measurement and Reporting Regulation (4.DeRiMV; 4. Derivate-Risikoberechnungs- und Meldeverordnung). The penal order is final.