Singulus Technologies Aktiengesellschaft: BaFin threatens to impose coercive fines

BaFin issued a notice on 7 February 2022 ordering Singulus Technologies Aktiengesellschaft to comply with the financial reporting requirements under sections 114 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatening to impose coercive fines totalling EUR 220,000.

Singulus Technologies Aktiengesellschaft contravened the requirements under section 114 (1) sentences 2 and 3 of the WpHG with respect to the annual financial information for the financial year 2020.

The notice is immediately enforceable but not yet final and binding.

Update (16.03.2022):

The notice is final and binding.

Source: BAFIN

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