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

Maier + Part­ner Ak­tienge­sellschaft: BaFin im­pos­es co­er­cive fines

On 12 April 2018 BaFin imposed coercive fines in the amount of EUR 282,500 on Maier + Partner Aktiengesellschaft.

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On 06 December 2017, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against ZhongDe Waste Technology AG.

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

On 17 August 2017, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against KREMLIN AG.

Elec­trawinds SE: BaFin im­pos­es co­er­cive fines

On 20 March 2018 BaFin imposed coercive fines in the amount of EUR 172,500 on Electrawinds SE.

Pub­li­ca­tion of fi­nan­cial re­ports: Fed­er­al Of­fice of Jus­tice im­pos­es dis­ci­plinary fine against New-York Ham­burg­er Gum­mi-Waaren Com­pag­nie Ak­tienge­sellschaft

On 24 November 2017, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against New-York Hamburger Gummi-Waaren Compagnie Aktiengesellschaft.

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