Erscheinung:03.03.2021, Stand:updated on 26.04.2021 | Topic Measures Webac Holding Aktiengesellschaft: BaFin imposes administrative fine
On 1 March 2021, BaFin imposed an administrative fine amounting to 12,000 euros on Webac Holding Aktiengesellschaft.
The sanction related to a breach of section 114 (1) sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Webac Holding Aktiengesellschaft failed to publish an announcement, stating the date and the website on which the accounting documents listed in section 114 (2) of the WpHG for the financial year 2018 were made publicly available in addition to their availability in the Company Register (Unternehmensregister).
The company may lodge an appeal against the administrative fine order.
Update (25.03.2021):
The administrative fine order of 1 March 2021 has been revoked. On 16 March 2021, BaFin issued a new administrative fine order and imposed an administrative fine amounting to 12,000 euros. The sanction related to the same breach of section 114 (1) sentence 2 of German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Webac Holding Aktiengesellschaft failed to publish an announcement, stating the date and the website on which the accounting documents listed in section 114 (2) of the WpHG for the financial year 2018 were made publicly available in addition to their availability in the Company Register (Unternehmensregister).
The company may lodge an appeal against the administrative fine order.
Update (26.04.2021):
The administrative fine order is final and binding.
