{"id":51531,"date":"2024-09-04T11:00:00","date_gmt":"2024-09-04T09:00:00","guid":{"rendered":"https:\/\/www.fma.gv.at\/bekanntmachung-fma-verhaengt-sanktion-gegen-die-hypo-noe-landesbank-fuer-niederoesterreich-und-wien-ag-wegen-verletzung-von-organisationsvorschriften-im-zusammenhang-mit-persoenlichen-geschaeften\/"},"modified":"2025-07-31T21:45:25","modified_gmt":"2025-07-31T19:45:25","slug":"announcement-fma-imposes-sanction-against-hypo-noe-landesbank-fur-niederosterreich-und-wien-ag-for-breaching-organisational-regulations-in-relation-to-proprietary-trading","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-hypo-noe-landesbank-fur-niederosterreich-und-wien-ag-for-breaching-organisational-regulations-in-relation-to-proprietary-trading\/","title":{"rendered":"Announcement: FMA imposes sanction against HYPO NOE Landesbank f\u00fcr Nieder\u00f6sterreich und Wien AG for breaching organisational regulations in relation to proprietary trading"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 89,460 on HYPO NOE Landesbank f&uuml;r Nieder&ouml;sterreich und Wien AG. The reason is a a breach against the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018) and the Delegated Regulation (EU) 2017\/565 supplementing Directive 2014\/65\/EU (MiFID II). Specifically, HYPO NOE breached its obligation to take appropriate precautionary for checking the personal transactions of relevant persons. Among other things, such precautions should prevent such persons from exploiting confidential knowledge. The penal order is not final.<\/p><p class=\"wp-block-paragraph\"><strong>Update: 02.10.2024<\/strong><\/p><p class=\"wp-block-paragraph\">HYPO NOE Landesbank f&uuml;r Nieder&ouml;sterreich und Wien AG has lodged an appeal with the Federal Administrative Court (BVwG; Bundesverwaltungsgericht) against the FMA&rsquo;s penal order.<\/p><p class=\"wp-block-paragraph\"><strong>Update: 17.07.2025<\/strong><\/p><p class=\"wp-block-paragraph\">The Federal Administrative Court (BVwG) upheld the FMA&rsquo;s penal order. The Federal Administrative Court (BVwG; Bundesverwaltungsgericht) upheld the appeal in relation to the amount of the fine, in that the fine imposed by the FMA was reduced to EUR 59,460. The orderly final right of appeal was declared not to be permissible. The penal order is final.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FMA imposes sanction against HYPO NOE Landesbank f\u00fcr Nieder\u00f6sterreich und Wien AG for breaching organisational regulations in relation to proprietary trading<\/p>\n","protected":false},"author":28,"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-51531","post","type-post","status-publish","format-standard","hentry","category-sanction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Announcement: FMA imposes sanction against HYPO NOE Landesbank f\u00fcr Nieder\u00f6sterreich und Wien AG for breaching organisational regulations in relation to proprietary trading - 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-hypo-noe-landesbank-fur-niederosterreich-und-wien-ag-for-breaching-organisational-regulations-in-relation-to-proprietary-trading\/\" \/>\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 HYPO NOE Landesbank f\u00fcr Nieder\u00f6sterreich und Wien AG for breaching organisational regulations in relation to proprietary trading - 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