Announcement: FMA imposes sanction against the person responsible of GoLending AT GmbH for breaches against the Capital Market Act (KMG)
The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 10,000.00 by means of a penal order, against a person responsible at the time of the offence being committed pursuant to Article 9 para. 1 VStG of GoLending AT GmbH for misleading advertising in conjunction with the public offering of qualified subordinated loans by the company pursuant to Article 4 para. 3 KMG as well as breaches of prospectus provisions pursuant to Article 7 paras. 1 and 8 in conjunction with Annex C point 12 KMG. The penal order is not final.
An appeal has been submitted to the Federal Administrative Court (BVwG; Bundesverwaltungsgericht) against the penal order issued by the FMA.