BaFin

Topic Measures Elektrische Licht- und Kraftanlagen Aktiengesellschaft: BaFin imposes administrative fine

Date: 16.02.2018, updated on: 05.03.2018

On 6 February 2018, BaFin imposed an administrative fine amounting to 70,000 euros against Elektrische Licht- und Kraftanlagen Aktiengesellschaft.

The administrative fine order related to a breach by Elektrische Licht- und Kraftanlagen Aktiengesellschaft of section 114 (1) sentence 2 of the German Securities Trading Act (WertpapierhandelsgesetzWpHG). Elektrische Licht- und Kraftanlagen Aktiengesellschaft had failed to publish an announcement, stating the date and the website on which the accounting documents listed in section 114(1) sentence 1 of the German Securities Trading Act (WertpapierhandelsgesetzWpHG) of the financial year of 2015 were made publicly available, in addition to their availability on the business register.

Elektrische Licht- und Kraftanlagen Aktiengesellschaft can lodge an appeal against the administrative fine order.

Update (05.03.2018):

The administrative fine order is final and conclusive.

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