The Austrian Financial Market Authority (FMA) hereby announces that the Federal Administrative Court (BVwG; Bundesverwaltungsgericht) has fully upheld the original decisions of the FMA’s penal orders of 16.08.2018 against the responsible persons of Anglo Austrian AAB Bank AG (previously Meinl Bank AG) at the time of the offence being committed, for breaches against obligations pursuant to Article 15 (5) and Article 16 (1) point a of Delegated Regulation (EU) 2016/438 and Article 44 para. 2 of the Investment Funds Act (InvFG 2011; Investmentfondsgesetz), confirming the FMA’s penal orders and imposing fines in the amount of EUR 7,000.00 and EUR 2,300.00 respectively. Anglo Austrian AAB Bank AG was sanctioned for breaching obligations in accordance with Delegated Regulation (EU) 2016/438 and the Investment Funds Act (InvFG 2011; Investmentfondsgesetz), which the Bank was responsible for observing as a custodian bank. The orderly final right of appeal was declared not to be permissible in the respective instances. The penal orders are final.