Erscheinung:04.07.2025 | Topic Measures Vivanco Gruppe AG: BaFin imposes administrative fine
On 12 June 2025, BaFin imposed an administrative fine amounting to 64,000 euros on Vivanco Gruppe AG. The company had contravened obligations under the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). It had failed to publish its half-yearly financial report for the financial year 2024 within the prescribed period.
An appeal may be lodged against the administrative fine order.
Background information:
Financial reports provide information on companies’ net assets, financial position and results of operations. This information is important for investors because it allows them to make informed investment decisions.
Companies such as Vivanco Gruppe AG that are domiciled in Germany and that issue securities for trading on an organised market in Germany must prepare a half-yearly financial report for the first six months of each financial year. This report must be published and made publicly available no later than three months after the end of the relevant reporting period.
Failure to publish the half-yearly financial report, or failure to publish this report within the prescribed period, constitutes a contravention of sections 115 (1) sentence 1 of the WpHG. BaFin may impose an administrative fine for failure to comply with this requirement. The maximum amount for this fine is 10 million euros or up to 5% of total revenue.
