Erscheinung:27.11.2024, Stand:updated on 05.12.2024 | Topic Measures Announcement
On 11 November 2024, the Federal Financial Supervisory Authority (BaFin) imposed an administrative fine amounting to 190,000 euros on Pactum Collections GmbH.
The sanction related to a breach of section 115 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Pactum Collections GmbH failed to make its half-yearly financial report for the financial year 2021 publicly available.
The company may lodge an appeal against the administrative fine order.
Update (05.12.2024):
The administrative fine order is final and binding.