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21 September 2022, BaFin imposed administrative fines totaling 37,400 euros on Deutsche Postbank Funding Trust I.
The sanction related to breaches of section 114 (1) sentence 4 and section 115 (1) sentence 4 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Deutsche Postbank Funding Trust I failed to submit the accounting documents specified under section 114 (2) of the WpHG for the financial year 2019 and the half-yearly financial report for 2020 to the Company Register for storage within the prescribed period.
The company may lodge an appeal against the administrative fine order.
