Bafin imposed two administrative fines of €6,000 each on 21 October 2026. The fines result from the individual's failure to comply with the notification requirements of the German Securities Trading Act (WpHG). The individual did not submit required voting rights notifications in October 2025.
The enforcement action relies on the German Securities Trading Act (WpHG).
The fines apply to a natural person who failed to meet the notification requirements.
The material does not specify any deadlines, transitional periods, exemptions, or carve-outs related to the fines.
This enforcement action emphasizes the importance of compliance with notification requirements under the WpHG for entities involved in securities trading.