Erscheinung:23.09.2019 | Topic Measures Wirecard AG: BaFin imposes administrative fines
On 15 April 2019 BaFin imposed administrative fines amounting to 1.52 million euros against Wirecard AG.
The sanction related to a breach of section 115 (1) sentence 1 in conjunction with section 117 number 2 in conjunction with section 115 (2) no. 3 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and to a breach of section 130 (1) of the German Act of Breaches of Administrative Regulations (Ordnungswidrigkeitengesetz – OWiG) in conjunction with section 115 (1) sentence 2 of the WpHG. Wirecard AG had failed to make its half-yearly financial report for the financial year of 2018 publicly available in full within the prescribed period. Furthermore, the company had failed to publish, within the prescribed period, an announcement stating the date and the website on which the half-yearly financial report for the financial year of 2018 is made publicly available, in addition to its availability in the company register.
The administrative fine order is final and binding.
