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

Chi­na Spe­cial­ty Glass AG: BaFin threat­ens co­er­cive fines

On 6 September 2017 BaFin ordered China Specialty Glass AG to comply with the financial reporting requirements pursuant to sections 37v et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatened coercive fines in the amount of EUR 282,500.

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

On 15 March 2017, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2,500 euros against Intertainment AG.

Beate Uhse Ak­tienge­sellschaft: BaFin threat­ens co­er­cive fines

On 22 August 2017 BaFin ordered Beate Uhse Aktiengesellschaft to comply with the financial reporting requirements pursuant to sections 37v et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatened coercive fines in the amount of EUR 220,000.

Fritz Nols AG: BaFin im­pos­es co­er­cive fines

On 27 July 2017 BaFin imposed coercive fines in the amount of EUR 335,000 on Fritz Nols AG.

Mars One Ven­tures AG: BaFin threat­ens co­er­cive fines

On 2 August 2017 BaFin ordered Mars One Ventures AG to comply with the financial reporting requirements pursuant to sections 37v et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatened coercive fines in the amount of EUR 230,000.

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