Publication of financial reports: Federal Office of Justice imposes disciplinary fine on pferdewetten.de AG
Executive Summary
The Federal Office of Justice (BfJ) imposed a €50,000 disciplinary fine on pferdewetten.de AG on November 7, 2025, for violations related to the publication of financial reports under German securities law (WpHG - Wertpapierhandelsgesetz). This enforcement action underscores regulatory expectations for timely and accurate financial disclosure compliance, particularly for publicly traded or regulated entities in the gaming/betting sector. #
What Changed
Based on the enforcement context, the regulatory requirements at issue involve: - Financial Reporting Obligations: Entities subject to WpHG must publish financial reports in accordance with statutory deadlines and content requirements - Disclosure Standards: Reports must meet quality and completeness standards established under German securities law - Enforcement Mechanism: The BfJ has authority to impose disciplinary fines for non-compliance with publication requirements - No Safe Harbor: Delayed or deficient publication cannot be remedied retroactively without regulatory consequences #
What You Need To Do
- *Audit Current Compliance
- *Strengthen Internal Controls
- *Document Procedures
- *Monitor Deadlines
- *Legal Review
- *Board/Management Notification
Key Dates
Compliance Impact
Urgency Rating: HIGH
Who is Affected
Summary
On 07 November 2025, the Federal Office of Justice (Bundesamt für Justiz - BfJ) imposed a disciplinary fine amounting to 50.000 euros on pferdewetten.de AG.