The Austrian Financial Market Authority (FMA) hereby announces that it has imposed fines by way of penal orders of EUR160,000 respectively against BNP Paribas Asset Management Holding S.A. as well as BNP Paribas Asset Management France S.A.S as legal persons by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz) for the delayed notification of the 4 % threshold being exceeded for participations in relation to shares of an issuer. The aforementioned undertakings omitted to notify the respective participation threshold having been exceeded in a timely manner to the FMA and the issuer (S&T AG). The penal orders are final.
This news item was originally published by the Financial Market Authority (FMA AT). For more information, please see the Source Link.