The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 12,000 on Schoellerbank Invest AG as a legal person. 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 was that fund rules approved by the FMA were breached. Schoellerbank Invest AG specifically exceeded the quota for taking on of money-market instruments in a bond fund on several occasions. Such quotas exist to safeguard the assets of the fund. The penal order is final.