Erscheinung:21.07.2021, Stand:updated on 17.08.2021 | Topic Measures JPMorgan Chase Bank N.A.: BaFin imposes administrative fine
On 19 July 2021, BaFin imposed an administrative fine amounting to 1,830,000 euros on JPMorgan Chase Bank N.A.
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 21 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) old version. JPMorgan Chase Bank N.A. failed to submit voting rights notifications within the prescribed period.
The company may lodge an appeal against the administrative fine order.
Update (17.08.2021):
The administrative fine order is final and binding.