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Nomura Holdings fined €320,000 by BaFin over Commerzbank reporting delays
The German Federal Financial Supervisory Authority (BaFin) has imposed an administrative fine of €320,000 on Nomura Holdings Inc. for breaching supervisory duties under the German Securities Trading Act (WpHG).
The penalty stems from Nomura's failure to submit required voting rights notifications regarding Commerzbank AG within the legally prescribed timeframe. These delays occurred during May and June 2026, coinciding with UniCredit S. p. A.’s takeover bid for Commerzbank AG.
Under German law, shareholders are obligated to notify both the affected listed company and BaFin within four trading days if their voting rights reach, exceed, or fall below specific thresholds. These regulations are intended to maintain capital market transparency and ensure investors are informed of significant changes in ownership structures during sensitive periods such as takeover bids.
Entities
BaFin · Commerzbank AG · Nomura Holdings Inc. · UniCredit S. p. A.
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The fine was issued due to a breach of supervisory duties related to the German Securities Trading Act (WpHG). www.diebewertung.de · fxnewsgroup.com · www.it-boltwise.de
- [● 3 SOURCES] BaFin imposed an administrative fine of €320,000 on Nomura Holdings Inc. www.diebewertung.de · fxnewsgroup.com · www.it-boltwise.de
- [● 3 SOURCES] Shareholders are required to notify the issuer and BaFin within four trading days when voting rights reach specific thresholds. www.diebewertung.de · fxnewsgroup.com · www.it-boltwise.de
- [● 3 SOURCES] The violations occurred during May and June 2026 during UniCredit S. p. A.’s takeover bid for Commerzbank AG. www.diebewertung.de · fxnewsgroup.com · www.it-boltwise.de
- [● 3 SOURCES] Nomura failed to submit voting rights notifications regarding Commerzbank AG within the required timeframe. www.diebewertung.de · fxnewsgroup.com · www.it-boltwise.de