Erscheinung:21.06.2021, Stand:updated on 07.07.2021 | Topic Measures Dorval Asset Management: BaFin imposes administrative fine
On 10 June 2021, BaFin imposed an administrative fine amounting to 160,000 euros on Dorval Asset Management.
The sanction related to a breach of section 130 (1) of the German Act on Breaches of Administrative Regulations (Ordnungswidrigkeitengesetz – OWiG) in conjunction with section 33 (1) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Dorval Asset Management failed to submit a voting rights notification within the prescribed period.
The company may lodge an appeal against the administrative fine order.
Update (07.07.2021):
The administrative fine order is final and binding.
