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

Bank Sep­ah–Iran, Frank­furt Branch: BaFin im­pos­es lend­ing pro­hi­bi­tion

On 12 September 2017, the Federal Financial Supervisory Authority (Bundesanstalt für FinanzdienstleistungsaufsichtBaFin) issued an order to Bank Sepah-Iran, Frankfurt Branch, prohibiting the institution from lending until further notice. BaFin had identified contraventions of re-quirements for a proper business organisation within the meaning of sec-tion 25a (1) of the Banking Act

Alexan­der­w­erk AG: BaFin im­pos­es ad­min­is­tra­tive fine

On 1 November 2017, BaFin imposed an administrative fine amounting to 94,500 euros against Alexanderwerk AG.

Mars One Ven­tures AG: BaFin im­pos­es co­er­cive fines

On 23 October 2017 BaFin imposed coercive fines in the amount of EUR 230,000 on Mars One Ventures AG.

1st RED Ak­tienge­sellschaft: BaFin im­pos­es ad­min­is­tra­tive fine

On 12 October 2017, BaFin imposed an administrative fine amounting to 148,500 euros against 1st RED Aktiengesellschaft.

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.

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