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Deutsche Cannabis AG: BaFin imposes administrative fine

GermanyBaFin DE

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On 27 August 2020, BaFin imposed an administrative fine amounting to 15,000 euros on Deutsche Cannabis AG.

The sanction related to a breach of the first subparagraph of Article 17 (1) of the Market Abuse Regulation (MAR). Deutsche Cannabis AG had failed to publish inside information without undue delay.

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

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Regulator Information

Regulator Name: Federal Financial Supervisory Authority
Abbreviation: BaFin
Jurisdiction: Germany
Website: http://www.bafin.de/EN/Homepage/homepage_node.html/
Email: [email protected]
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