The Austrian Financial Market Authority (FMA) announces that it has imposed fines of EUR 1,080 respectively against the persons responsible of 3VC Management GmbH for a breach against notification obligations in relation to European venture capital (EuVECA) funds (Article 13 (1) point c of the European Venture Capital Fund Regulation (EuVECA-R), Regulation (EU) No. 345/2013) by means of penal orders under the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). The penal orders are final.