Erscheinung: 18.03.2026 | Topic Measures aap Implantate AG: BaFin imposes administrative fine

On 3 March 2026, BaFin imposed an administrative fine amounting to 158,000 euros on aap Implantate AG. The company had contravened an obligation under the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). aap Implantate AG failed to publish an announcement about the date from which and the website where its 2024 half-yearly financial report was made publicly available.

Companies must publish an announcement stating when and where they will publish their financial reports on the internet. The purpose of the announcement is to enable all stakeholders to familiarise themselves with the financial reports at the same time.

Background information:

Financial reports contain, among other details, information on the overall financial situation of a company (net assets, financial position and results of operations) and describe the company’s expected development as well as the significant opportunities and risks. This information is important for investors because it allows them to make informed investment decisions. Companies such as aap Implantate AG that are domiciled in Germany and that issue securities that are traded on an organised market in Germany must publish an announcement stating when and where they will make their half-yearly financial reports  publicly available on the internet in addition to its disclosure in the Company Register (Unternehmensregister). Such announcements must be published no later than three months after the end of each reporting period and before the date on which the half-yearly financial report is made publicly available for the first time.

Failure to publish such an announcement constitutes a contravention of the WpHG. BaFin may impose administrative fines for failure to comply with this requirement. The maximum amount for this fine is 10 million euros or up to 5% of total revenue.

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