Source: Bundesanstalt für Finanzdienstleistungsaufsicht
BaFin issued a notice on 9 October 2020 ordering SLEEPZ AG to comply with the financial reporting requirements under sections 114 et seq. of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and threatening to impose coercive fines totalling EUR 282,500.
SLEEPZ AG contravened the requirements under section 114 (1) sentences 2 and 3 of the WpHG with respect to the annual financial information for the financial year 2019 as well as section 115 (1) of the WpHG with respect to the half-yearly financial report for the financial year 2019.
The notice is immediately enforceable but not yet final and binding.