Erscheinung:02.12.2021, Stand:updated on 13.12.2021 | Topic Measures The Vanguard Group, Inc.: BaFin imposes administrative fine
On 22 November 2021, BaFin imposed an administrative fine amounting to 290,000 euros on The Vanguard Group, Inc.
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) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). The Vanguard Group, Inc. failed to submit voting rights notifications within the prescribed period.
The company may lodge an appeal against the administrative fine order.
Update (13.12.2021):
The administrative fine order is final and binding.
