{"id":49369,"date":"2024-03-22T10:57:02","date_gmt":"2024-03-22T09:57:02","guid":{"rendered":"https:\/\/www.fma.gv.at\/bekanntmachung-fma-verhaengt-sanktion-gegen-die-rath-aktiengesellschaft-wegen-verstosses-gegen-veroeffentlichungspflichten\/"},"modified":"2025-06-27T17:24:56","modified_gmt":"2025-06-27T15:24:56","slug":"announcement-fma-imposes-sanction-against-rath-aktiengesellschaft-for-a-breach-on-disclosure-obligations","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-rath-aktiengesellschaft-for-a-breach-on-disclosure-obligations\/","title":{"rendered":"Announcement: FMA imposes sanction against Rath Aktiengesellschaft for a breach on disclosure obligations"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 110,000 against Rath Aktiengesellschaft for a breach against the Stock Exchange Act 2018 (B&ouml;rseG 2018; B&ouml;rsegesetz 2018) for the the late publication of a holding report from a person that exceeded the 4% threshold for holdings. The penal order is not final.<\/p><p class=\"wp-block-paragraph\"><strong>Update 24.04.2024<\/strong><\/p><p class=\"wp-block-paragraph\">Rath Aktiengesellschaft has lodged an appeal to the Federal Administrative Court (BVwG; Bundesverwaltungsgericht) against the FMA&rsquo;s penal order.<\/p><p class=\"wp-block-paragraph\"><strong>Update: 27.06.2025 <\/strong><\/p><p class=\"wp-block-paragraph\">In its ruling dated 13.06.2025, the Federal Administrative Court (BVwG; Bundesverwaltungsgericht) reduced the fine imposed to EUR 70,000. The orderly final right of appeal was declared not to be permissible. The penal order is final.<\/p><p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FMA imposes sanction against Rath Aktiengesellschaft for a breach of disclosure obligations<\/p>\n","protected":false},"author":56,"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-49369","post","type-post","status-publish","format-standard","hentry","category-sanction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Announcement: FMA imposes sanction against Rath Aktiengesellschaft for a breach on disclosure obligations - 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-rath-aktiengesellschaft-for-a-breach-on-disclosure-obligations\/\" \/>\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 Rath Aktiengesellschaft for a breach on disclosure obligations - 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