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Announcement: FMA imposes sanction against LVA24 Prozessfinanzierung GmbH for unauthorised management of an AIF under the provisions of the AIFMG

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The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 20,000.00 by means of a penal order against the responsible person at LVA24 Prozessfinanzierung GmbH at the time of the breach occurring for the unauthorised management of an alternative investment fund in accordance with the provisions of the Alternative Investment Fund Managers Act (AIFMG; Alternative Investmentfonds Manager-Gesetz). The penal order is not final.

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