Topic Measures United Power Technology AG: BaFin imposes administrative fines

Date: 06.12.2018, updated on: 20.12.2018

On 20 November 2018, BaFin imposed administrative fines amounting to 400,000 euros against United Power Technology AG.

The administrative fine order related to breaches by United Power Technology AG of section 114 (1) sentence 2 of the German Securities Trading Act (WertpapierhandelsgesetzWpHG). United Power Technology AG failed to publish an announcement, stating the date and the website on which the accounting documents listed in section 114 (2) of the German Securities Trading Act (WertpapierhandelsgesetzWpHG) of the financial years of 2016 and 2017 were made publicly available, in addition to their availability on the business register.

United Power Technology AG can lodge an appeal against the administrative fine order.

Update (12.12.2018):

The administrative fine order is final and conclusive.

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