Erscheinung:16.06.2020, Stand:updated on 03.07.2020 | Topic Measures Barclays PLC: BaFin imposes administrative fine
On 8 June 2020, BaFin imposed an administrative fine amounting to 700,000 euros against Barclays PLC.
The sanction related of section 130 (1) of the German Act of Breaches of Administrative Regulations (Ordnungswidrigkeitengesetz – OWiG) in conjunction with section 33 (1), section 38 (1) and section 39 (1) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Barclays PLC had failed to submit notifications regarding voting rights within the prescribed period.
The company can lodge an appeal against the administrative fine order.
Update (03.07.2020):
The administrative fine order is final and binding.
