The Austrian Financial Market Authority (FMA) hereby announces that a uniformly calculated fine of EUR 8,000.00 has been imposed by the Federal Administrative Court (BVwG) pursuant to Article 44 para. 1 of the Austrian Banking Act (BWG; Bankwesengesetz) (in part in conjunction with Article 59 BWG) in conjunction with Article 98 para. 2 no. 11 BWG in conjunction with Article 99d para. 3 BWG for the delayed submission of reports, in particular the audited annual financial statement with balance sheet date 31.12.2013. The decision is final. The Federal Administrative Court (BVwG) has declared the final right of appeal pursuant to Article 133 para. 4 of the Federal Constitutional Act (B-VG; Bundes-Verfassungsgesetz) to be admissible.
Update: 14.05.2018
A final right of appeal was not raised.
Update: 19.03.2018
Following the confirmation of issue of guilt mentioned above against Meinl Bank AG, the Federal Administrative Court (BVwG) also confirmed the penal orders issued by the FMA in this regard against both of the responsible representatives at the time the offence occurred and imposed a fine of EUR 2,100.00 in each case. The decisions are final. The Federal Administrative Court (BVwG) has declared the final right of appeal pursuant to Article 133 para. 4 of the Federal Constitutional Act (B-VG; Bundes-Verfassungsgesetz) to be admissible in each case.