{"id":17578825,"date":"2025-10-09T11:00:00","date_gmt":"2025-10-09T09:00:00","guid":{"rendered":"https:\/\/www.fma.gv.at\/?p=17578825"},"modified":"2025-10-10T19:55:10","modified_gmt":"2025-10-10T17:55:10","slug":"announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/","title":{"rendered":"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 105,000 on Erste Asset Management GmbH as a legal person. Proceedings were concluded under the accelerated conclusion of proceedings pursuant to Article&nbsp;22 para.&nbsp;2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbeh&ouml;rdengesetz). The reason for this sanction multiple breaches of investment terms in the Investment Funds Act 2011 (InvFG 2011; Investmentfondsgesetz 2011). Specifically, Erste Asset Management GmbH has exceeded the limit for the taking out of loans on the account of the assets of the fund and the ratio for including units in one and the same fund into the assets of the fund. These limits exist to safeguard the assets of the fund. The penal order is final.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[85],"tags":[],"class_list":["post-17578825","post","type-post","status-publish","format-standard","hentry","category-sanction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-09T09:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-10T17:55:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bailey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Bailey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\\\/\"},\"author\":{\"name\":\"Michael Bailey\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/0fc93858fe7814eedc8002775131ee91\"},\"headline\":\"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions\",\"datePublished\":\"2025-10-09T09:00:00+00:00\",\"dateModified\":\"2025-10-10T17:55:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\\\/\"},\"wordCount\":134,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"articleSection\":[\"Sanction\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\\\/\",\"name\":\"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions - FMA \u00d6sterreich\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\"},\"datePublished\":\"2025-10-09T09:00:00+00:00\",\"dateModified\":\"2025-10-10T17:55:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"name\":\"FMA \u00d6sterreich\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\",\"name\":\"FMA - Finanzmarktaufsicht\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"contentUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"width\":400,\"height\":400,\"caption\":\"FMA - Finanzmarktaufsicht\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/FMA_AT\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/0fc93858fe7814eedc8002775131ee91\",\"name\":\"Michael Bailey\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/510bf0bd81dc175e23b8d5ed7454991f8ab421373a4f993fd19b193163f33225?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/510bf0bd81dc175e23b8d5ed7454991f8ab421373a4f993fd19b193163f33225?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/510bf0bd81dc175e23b8d5ed7454991f8ab421373a4f993fd19b193163f33225?s=96&d=mm&r=g\",\"caption\":\"Michael Bailey\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions - FMA \u00d6sterreich","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/","og_locale":"en_US","og_type":"article","og_title":"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions - FMA \u00d6sterreich","og_description":"FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions","og_url":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/","og_site_name":"FMA \u00d6sterreich","article_published_time":"2025-10-09T09:00:00+00:00","article_modified_time":"2025-10-10T17:55:10+00:00","og_image":[{"width":925,"height":524,"url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg","type":"image\/jpeg"}],"author":"Michael Bailey","twitter_card":"summary_large_image","twitter_creator":"@FMA_AT","twitter_site":"@FMA_AT","twitter_misc":{"Written by":"Michael Bailey","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/#article","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/"},"author":{"name":"Michael Bailey","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/person\/0fc93858fe7814eedc8002775131ee91"},"headline":"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions","datePublished":"2025-10-09T09:00:00+00:00","dateModified":"2025-10-10T17:55:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/"},"wordCount":134,"publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"articleSection":["Sanction"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/","url":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/","name":"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions - FMA \u00d6sterreich","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/#website"},"datePublished":"2025-10-09T09:00:00+00:00","dateModified":"2025-10-10T17:55:10+00:00","breadcrumb":{"@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-erste-asset-management-gmbh-for-breaches-against-investment-provisions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fma.gv.at\/en\/"},{"@type":"ListItem","position":2,"name":"Announcement: FMA imposes sanction against Erste Asset Management GmbH for breaches against investment provisions"}]},{"@type":"WebSite","@id":"https:\/\/www.fma.gv.at\/en\/#website","url":"https:\/\/www.fma.gv.at\/en\/","name":"FMA \u00d6sterreich","description":"","publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fma.gv.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.fma.gv.at\/en\/#organization","name":"FMA - Finanzmarktaufsicht","url":"https:\/\/www.fma.gv.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","contentUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","width":400,"height":400,"caption":"FMA - Finanzmarktaufsicht"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/FMA_AT"]},{"@type":"Person","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/person\/0fc93858fe7814eedc8002775131ee91","name":"Michael Bailey","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/510bf0bd81dc175e23b8d5ed7454991f8ab421373a4f993fd19b193163f33225?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/510bf0bd81dc175e23b8d5ed7454991f8ab421373a4f993fd19b193163f33225?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/510bf0bd81dc175e23b8d5ed7454991f8ab421373a4f993fd19b193163f33225?s=96&d=mm&r=g","caption":"Michael Bailey"}}]}},"toolset-meta":[],"publishpress_future_action":{"enabled":true,"date":"2030-09-24 08:56:00","action":"delete","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/17578825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/comments?post=17578825"}],"version-history":[{"count":3,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/17578825\/revisions"}],"predecessor-version":[{"id":17580333,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/17578825\/revisions\/17580333"}],"wp:attachment":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/media?parent=17578825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/categories?post=17578825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/tags?post=17578825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}