Erscheinung:18.01.2021, Stand:updated on 17.02.2021 | Topic Measures SLEEPZ AG: BaFin imposes coercive fines
On 6 January 2021, BaFin imposed coercive fines on SLEEPZ AG totalling EUR 282,500 to enforce an order concerning compliance with the financial reporting requirements under section 114 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG).
As BaFin has already reported, SLEEPZ AG contravened the requirements under section 114 (1) sentences 2 and 3 of the WpHG with respect to the annual financial information for the financial year 2019 as well as section 115 (1) of the WpHG with respect to the half-yearly financial report for the financial year 2019 and BaFin issued a notice on 9 October 2020 to order the company to comply with these requirements. The company did not comply with this order.
The notice imposing the coercive fine is immediately enforceable but not yet final and binding.
Update (17.02.2021):
The notice is final and binding.
