Oct 20 : German financial regulator Bafin said on Tuesday it had fined Japanese investment firm Nomura Holdings €320,000 ($359,000) for failing to disclose voting rights in Commerzbank as UniCredit built its stake in the German lender.
• The regulator said Nomura did not submit voting rights notifications relating to Commerzbank in May and June
• Under German law, shareholders must notify the issuer and the regulator within four trading days if their voting rights reach certain thresholds
• If a shareholder does not comply, Bafin can impose a fine of up to €10 million or 5 per cent of total revenue
Guess WordCrack the word, one row at a timeBuzzwordCreate words using the given lettersMini SudokuTiny puzzle, mighty brain teaserMini CrosswordSmall grid, big challengeWord SearchSpot as many words as you can Show More Show Less• "Whilst we do not comment on the details of our interactions with regulators, the firm takes adherence to regulations seriously," a Nomura spokesperson told Reuters
• The company can appeal the administrative fine order, Bafin said
($1 = 0.8916 euros)