Imposition of an administrative fine

An administrative fine is to be imposed by the Federal Office of Justice against the legal representatives (section 4(1) sentence 1) of an undertaking or a parent undertaking — or, for a sole trader, against the owner or their legal representative — who fail to comply with section 9(1) or section 15(1) as regards the duty to disclose, in the company register, the annual financial statements, management report, consolidated financial statements, group management report, sub-group financial statements or sub-group management report, on account of the wrongful omission of the disclosure. Sections 335 to 335b of the Commercial Code apply accordingly.