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

New-York Ham­burg­er Gum­mi-Waaren Com­pag­nie Ak­tienge­sellschaft: BaFin im­pos­es ad­min­is­tra­tive fine

On 12 October 2017, BaFin imposed an administrative fine amounting to 115,000 euros against New-York Hamburger Gummi-Waaren Compagnie Aktiengesellschaft.

Elec­trawinds SE: BaFin im­pos­es co­er­cive fines

On 22 September 2017 BaFin imposed coercive fines in the amount of EUR 230,000 on Electrawinds SE.

SYG­NIS AG: BaFin im­pos­es ad­min­is­tra­tive fines

On 18 September 2017, BaFin imposed administrative fines amounting to 235,600 euros against SYGNIS AG.

Maier + Part­ner Ak­tienge­sellschaft: BaFin im­pos­es ad­min­is­tra­tive fines

On 20 September 2017, BaFin imposed administrative fines amounting to 60,000 euros against Maier + Partner AG.

Stock­holm IT Ven­tures AB: BaFin im­pos­es co­er­cive fines

On 18 September 2017 BaFin imposed coercive fines in the amount of EUR 402,500 on Stockholm IT Ventures AB.

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