Erscheinung:06.04.2021, Stand:updated on 22.04.2021 | Topic Measures ItN Nanovation AG: BaFin imposes coercive fines
On 11 March 2021, BaFin imposed coercive fines on ItN Nanovation AG totalling EUR 90,000 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, ItN Nanovation AG contravened the requirements under section 115 (1) sentences 1 and 4 of the WpHG with respect to the half-yearly financial report for the financial year 2020 and BaFin issued a notice on 12 January 2021 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 (22.04.2021):
The notice is final and binding.
