Publication of financial reports: Federal Office of Justice imposes disciplinary fine on Singulus Technologies AG

On 29 March 2022, the Federal Office of Justice (Bundesamt für JustizBfJ) imposed a disciplinary fine amounting to 50,000 euros on Singulus Technologies AG.

The disciplinary fine order related to a breach of section 325 of the German Commercial Code (HandelsgesetzbuchHGB). Singulus Technologies AG failed to submit its accounting documents for the financial year 2020 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form. The legal basis for the sanction is section 335 of the HGB.

The company did not lodge an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

Source: BAFIN

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