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Aberdeen Corporate Services Limited: BaFin Imposes Administrative Fines

Date 28/12/2022

On 19 December 2022, BaFin imposed administrative fines totaling 1,460,000 euros on Aberdeen Corporate Services Limited.

 

The sanction related to breaches of section 33 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Aberdeen Corporate Services Limited failed to submit voting rights notifications within the prescribed period.

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