Tag: bafin
Pursuant to section 10d of the KWG the rate for the domestic countercyclical capital buffer is set at 0.75 per cent of the total risk exposure amount determined in accordance with Article 92(3) of Regulation (EU) No. 575/2013, effective 1 February 2022. This translation is furnished for information purposes only. The original German text is […]
BaFin issued a notice on 2 February 2022 ordering Marudai Food Co. Ltd. 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 690,000. Marudai Food Co. Ltd. contravened the requirements under section 114 (1) of the […]
On 19 January 2022 BaFin imposed administrative fines totalling 10,000 euros on a natural person due to a breach of section 115 (1) sentence 1 and section 115 (1) sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). An appeal may be lodged against the administrative fine order. Update (14.02.2022): The administrative fine […]
On 1 February 2022, BaFin prohibited 4DMed Limited, which states that its registered office is in the United States of America, from offering the securities the shares of 4DMed Ltd. to the public. BaFin imposed the prohibition because the company had infringed Article 3(1) of the EU Prospectus Regulation. For this reason, 4DMed Limited may […]
On 21.01.2022 BaFin ordered Mr. Sascha Magsamen to issue multiple notifications of major holdings of voting rights to BaFin and to tiscon AG in order to comply with his notification obligations pursuant to sections 33 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Mr. Sascha Magsamen omitted to issue multiple notifications of major […]
On 21.01.2022 BaFin ordered Mr. Sascha Magsamen to issue multiple notifications of major holdings of voting rights to BaFin and to SPOBAG Aktiengesellschaft in order to comply with his notification obligations pursuant to sections 33 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Mr. Sascha Magsamen omitted to issue multiple notifications of major […]
On 21.01.2022 BaFin ordered Mr. Sascha Magsamen to issue multiple notifications of major holdings of voting rights to BaFin and to ecotel communication ag in order to comply with his notification obligations pursuant to sections 33 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Mr. Sascha Magsamen omitted to issue multiple notifications of […]
On 20 December 2021, BaFin imposed administrative fines totalling 46,600 euros on ECHOS Holding AG. The sanction related to breaches of section 114 (1) sentence 2 and section 115 (1) sentence 1 and sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). ECHOS Holding AG failed to publish announcements, stating the date and […]
On 24 November 2021, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 750,000 euros on SLEEPZ AG. The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). SLEEPZ AG failed to submit its consolidated accounting documents for the […]
On 24 November 2021, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 250,000 euros on SLEEPZ AG. The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). SLEEPZ AG failed to submit its accounting documents for the financial […]
