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Tuff Group AG: BaFin imposes administrative fine

On 16 November 2021, BaFin imposed an administrative fine amounting to 105,000 euros on Tuff Group AG.

The sanction related to a breach of section 115 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Tuff Group AG failed to make its half-yearly financial report for the financial year 2020 publicly available within the prescribed period.

The company may lodge an appeal against the administrative fine order.

Update (08.12.2021):

The administrative fine order is final and binding.

Source: BAFIN

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