The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 32,300 against PARTNER BANK AKTIENGESELLSCHAFT. Proceedings were concluded under the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). The reason is for breaches against the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018) in conjunction with with rules set out in Delegated Regulation (EU)2017/565. PARTNER BANK AKTIENGESELLSCHAFT specifically omitted to take appropriate precautions in relation to the compliance function and towards its tied agents in conjunction with providing of services in return for the payment of a service charge. In addition, PARTNER BANK AKTIENGESELLSCHAFT breached information requirements towards customers regarding honest and not misleading service charge agreements and product information documents and also failed to define adequate control mechanisms in relation to the conducting of bandwidth checks. The penal order is final.