BaFin, Germany’s Federal Financial Supervisory Authority, has imposed a disciplinary fine on H2 Core AG for failing to submit its accounting documents in the required manner. The company did not file its financial year 2024 reports electronically to the Bundesanzeiger, the operator of the German Federal Gazette, in breach of reporting obligations.
- Violation: Section 325 of the German Commercial Code (HGB)
- Legal Basis for Fine: Section 335 of the HGB
- Reporting Period: Financial year 2024
- Required Format: Electronic submission to Bundesanzeiger
The disciplinary action stems from H2 Core AG’s failure to disclose its accounting documents through the mandatory electronic channel operated by the Bundesanzeiger. German commercial law requires all companies to file financial reports in this standardized format to ensure transparency and regulatory compliance across the financial system.
H2 Core AG has not challenged the fine imposed by the Federal Office of Justice, accepting the sanction without appeal. The case underscores BaFin‘s continued enforcement of disclosure requirements under German commercial law, with particular attention to proper filing procedures and timely submission of financial documentation.
