Erscheinung:08.11.2022, Stand:updated on 22.11.2022 | Topic Measures Union Service-Gesellschaft mbH: BaFin imposes administrative fine
On 31 October 2022, BaFin imposed an administrative fine amounting to 200,000 euros on Union Service-Gesellschaft mbH.
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 (2) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Union Service-Gesellschaft mbH failed to submit voting rights notifications within the prescribed period.
The company may lodge an appeal against the administrative fine order.
Update (22.11.2022):
The administrative fine order is final and binding.
