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Announcement: FMA imposes sanction against UniCredit Bank Austria AG for a breach of organisational rules in relation to the transparency of fees

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The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 117,600 by means of a penal order against UniCredit Bank Austria AG as a legal person for a breach against the Securities Supervision Act (WAG 2018; Wertpapieraufsichtsgesetz) and Delegated Regulation (EU) 2017/565 for a breach of the organisational regulations in relation to the transparency of fees within the scope of its telephone-based business without advice 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.