Topic Measures HSH Nordbank AG: BaFin imposes administrative fine
On 23 March 2018, BaFin imposed an administrative fine amounting to 94,000 euros against HSH Nordbank AG.
The administrative fine order related to a breach by HSH Nordbank AG of section 37v (1) sentence 2 in conjunction with section 37y number 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) old version (o.v.). HSH Nordbank AG had failed to publish, within the prescribed period, an announcement stating the date and the website on which the accounting documents listed in section 37v (2) of the WpHG (o.v.) for the financial year 2015 were made publicly available, in addition to their availability in the company register.
The administrative fine order is final and conclusive.