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Dorval Asset Management: BaFin Imposes Administrative Fine

Date 21/06/2021

On 10 June 2021, BaFin imposed an administrative fine amounting to 160,000 euros on Dorval Asset Management.


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) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Dorval Asset Management failed to submit a voting rights notification within the prescribed period.

The company may lodge an appeal against the administrative fine order.