Erscheinung:17.03.2020, Stand:updated on 15.04.2020 | Topic Measures BNP Paribas Asset Management Holding S.A.: BaFin imposes administrative fine
On 16 March 2020, BaFin imposed an administrative fine amounting to 125,000 euros against BNP Paribas Asset Management Holding S.A..
The sanction related to a breach of section 130 (1) of the German Act of Breaches of Administrative Regulations (Ordnungswidrigkeitengesetz – OWiG) in conjunction with section 21 (1) sentence 1 old version of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and section 33 (1) sentence 1 of the WpHG. BNP Paribas Asset Management Holding S.A. had failed to submit notifications regarding voting rights within the prescribed period.
The company can lodge an appeal against the administrative fine order.
Update (15 April 2020):
The administrative fine order is final and binding.
