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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 (WertpapierhandelsgesetzWpHG) 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.

MIL OSI Global Banks