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Prohibition of unauthorised distribution practices towards retail clients

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The Austria Financial Market Authority (FMA) hereby announces that it has instructed Fenja GmbH pursuant to Article 56 para. 2 no. 5 of the Alternative Investment Fund Managers Act (AIFMG; Alternative Investmentfonds Manager-Gesetz), published in Federal Law Gazette I No. 135/2013 as amended, to desist from conducting its unauthorised distribution practices defined pursuant to Article 1 para. 5 no. 6 in conjunction with Article 2 para. 1 no. 24 AIFMG towards retail clients.
In several instances Fenja GmbH has distributed units in and alternative investment fund, the Fenja Cryptocurrency Fund, to retail clients, although Fenja GmbH is not legally permitted to do so as a registered alternative investment fund manager pursuant to Article 1 para. 5 AIFMG.

The administrative decision is not legally final.

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