Germany – BaFin Fines for Late Voting Rights Disclosure

Germany – BaFin Fines for Late Voting Rights Disclosure

On 27 January 2021, GE BaFin fined CPI €685k for voting rights disclosures.

  • BaFin announced CPI Property Group SA €685,000 fine, imposed Jan. 19, 2021.
  • Violated sec. 26a (1) sentence 1, German Securities Trading Act (WpHG) old version.
  • Company did not publish the total number of voting rights within the required time.