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Announcement: FMA imposes sanction against an employee of an issuer for a breach of the ban on market manipulation

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The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 4,000 against an employee of an issuer by means of a penal order (by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG)) for a breach against the Market Abuse Regulation (MAR – Regulation (EU) 596/2014). A buy order was given with objective of forming an initial share price for the share which had hitherto not been traded. The penal order is final.

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