BaFin

Topic Measures Beate Uhse Aktiengesellschaft: BaFin threatens coercive fines

Date: 29.08.2017

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.

Beate Uhse Aktiengesellschaft offended against the financial reporting requirements pursuant to section 37v (1) sentences 2 and 3 of the WpHG. The legal basis for the order and the threat of coercive fines are section 4 (2) sentence 1 of the WpHG in conjunction with section 17 sentence 1 of the Act Establishing the Federal Financial Supervisory Authority (Finanzdienstleistungsaufsichtsgesetz - FinDAG) and with sections 6 (1), 7 (1), 11 (1), 13 of the Act on Administrative Enforcement (Verwaltungsvollstreckungsgesetz - VwVG). This notice is published pursuant to section 40c of the WpHG.

The order is enforceable but not yet final and conclusive.

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