BaFin

Topic Measures Publication of measures

Measures BaFin imposes on undertakings subject to supervision under the Insurance Supervision Act (Versicherungsaufsichtsgesetz – VAG) and their senior management

BaFin publishes on its website certain measures and administrative fine decisions imposed on undertakings subject to supervision under the VAG or their senior management. The basis for publication is section 319 (1) of the VAG.

The publication of sanctions including administrative fine decisions aims to generally help prevent breaches by informing the public and market participants what behaviour is considered a breach by BaFin.

Publication of measures and administrative fine decisions on an anonymous basis

Subject to certain conditions stipulated in section 319 (2) sentence 1 numbers 2-3 of the VAG, BaFin publishes measures and administrative fine decisions on an anonymous basis. This applies, for example, if publication would cause disproportionate damage to the undertaking involved.

updated on: 01.01.2016

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Publications on this topic

Pub­li­ca­tion of fi­nan­cial re­ports: Fed­er­al Of­fice of Jus­tice im­pos­es dis­ci­plinary fine against Cap­i­tal One AG

On 21 September 2018, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against Capital One AG.

KREM­LIN AG: BaFin im­pos­es co­er­cive fines

On 28 November 2018 BaFin imposed coercive fines in the amount of EUR 110,000 on KREMLIN AG.

Hen­der­son Glob­al In­vestors Lim­it­ed: BaFin im­pos­es ad­min­is­tra­tive fine

On 12 December 2018, BaFin imposed administrative fine amounting to 370,000 euros against Henderson Global Investors Limited.

Pub­li­ca­tion of fi­nan­cial re­ports: Fed­er­al Of­fice of Jus­tice im­pos­es dis­ci­plinary fine against VALENS Hold­ing AG

On 10 September 2018, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against VALENS Holding AG.

Warn­ing of a Man­age­ment Board Mem­ber

On 04 October 2018 BaFin issued a formal warning to one Management board Member of a credit institution. The measure was deemed necessary due to contraventions of requirements for a proper business organisation within the meaning of section 25a (1) the German Banking Act (KreditwesengesetzKWG).

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