Erscheinung:23.12.2020, Stand:updated on 15.01.2021 | Topic Measures Groupama Asset Management: BaFin imposes administrative fine
On 22 December 2020, BaFin imposed an administrative fine amounting to 130,000 euros on Groupama Asset Management.
The sanction related a breach of section 130 (1) of the German Act on Breaches of Administrative Regulations (Ordnungswidrigkeitengesetz – OWiG) in conjunction with section 33 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Groupama Asset Management failed to submit voting rights notifications within the prescribed period.
The company may lodge an appeal against the administrative fine order.
Update (15.01.2021):
The administrative fine order is final and binding.
