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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.

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