Compliance Radar

Who was sanctioned, and for what?

Fines, court rulings and incidents from Europe and North America: 718 cases from 32 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.

DACH Austria Capital markets and financial supervision Clear all filters

1case from 1 jurisdiction

€300,000Total of monetary amounts

€300,000Largest single case: Share buyback disclosed too late: BVwG reduces FMA penalty against real estate company

€300,000Median per case with an amount

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by amount by number of cases

Where?

by authority

Bundesverwaltungsgericht (Beschwerde gegen Straferkenntnis der Finanzmarktaufsicht FMA) €300,000 100 % · 1 case

What for?

by topic

Disclosure and reporting obligations €300,000 100 % · 1 case

Who?

by sector

All sectors

Construction and real estate €300,000 100 % · 1 case

When?

per quarter, by date of decision

Trend
Period	Cases	Total
Q3 2023	0	—
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Q1 2024	0	—
Q2 2024	0	—
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Q1 2025	0	—
Q2 2025	0	—
Q3 2025	1	€300,000
Q4 2025	0	—
Q1 2026	0	—
Q2 2026	0	—
Q3 2026	0	—

1 case

Newest first Highest amounts

9 Jul 2025 Share buyback disclosed too late: BVwG reduces FMA penalty against real estate company AustriaDisclosure and reporting obligations €300,000

On Saturday, 17 December 2022, the management board of a listed real estate company (anonymised in the judgment) approved by email a new share buyback programme including its volume, period and price, but only published it after a formal resolution on Monday, 19 December 2022. Austria's Financial Market Authority (FMA) imposed a penalty of 375,000 EUR; the Federal Administrative Court (Bundesverwaltungsgericht, BVwG) upheld the breach of the ad hoc disclosure obligation but reduced the penalty to 300,000 EUR.

What organisations can take from it

A final decision by a corporate body triggers the ad hoc disclosure obligation immediately – weekends and outstanding contractual details do not postpone it.

Relevance to training and awareness

Ad hoc disclosure obligation for decisions of corporate bodies, including at weekends

Authority / court: Bundesverwaltungsgericht (Beschwerde gegen Straferkenntnis der Finanzmarktaufsicht FMA)
Area of law: Capital markets and financial supervision · Disclosure and reporting obligations
Legal basis: Art. 17 Abs. 1 MAR i. V. m. § 156 Abs. 3 Z 2, Abs. 4 BörseG 2018
Action: Fine
Status of proceedings: reduced
Sector: Construction and real estate
Culpability: negligent

Sources

BVwG W279 2310813-1 vom 09.07.2025 Court decision

Checked against the official source on 25 Sep 2026 · Direct link

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How the radar is compiled

Official sources only

Every case is based on a decision, press release or database of an authority or a court. Press and law-firm reports count at most as additional references.

Four-eyes check

Whoever enters a case may not approve it. A second, independent check compares company, date, amount and area of law with the source. Only then is the case published.

Comparable amounts

Amounts are converted at the ECB reference rate on the day of the decision. Each case also shows the original amount.

Corrections on record

A correction is a new version that is checked again. Every change is logged. You can report errors directly on each case.

Case texts are translated from the German original. Where a translation is not yet available, the German text is shown and marked “(German original)”. Names of authorities, laws and companies are given as in the source.

The radar reports on published decisions and is not legal advice. Decisions that are not yet final are marked as such where the status is known.

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