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Announcement: FMA imposes sanction against Raiffeisenverband Salzburg eGen for breaching organisational rules in relation to record-keeping obligations

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The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 46,800 against Raiffeisenverband Salzburg eGen as a legal person for a breach against the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018) and Delegated Regulation (EU) 2017/565 for breaching organisational rules in relation to record-keeping obligations for relevant information in relation to relevant client meetings on a durable medium by way of 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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