The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 60,000 by means of a penal order against Schelhammer Capital Bank AG (previously Bankhaus Schelhammer & Schattera AG) as a legal person for breaches against the Securities Supervision Act (WAG 2018; Wertpapieraufsichtsgesetz) and Delegated Regulation (EU) 2017/565 for a breach on the requirements for fair, clear and non-misleading information in relation to the Internet presence of its DADAT brand in relation to online asset management, under the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz).
The penal order is final.