Type of infringement:
Breach of Paragraph 5 of the Article 56, Paragraph 1 of the Article 57 and Paragraph 1 of the Article 57.² of the Financial Instruments Law - delayed publication of: annual report for 2018 together with auditor's opinion, financial information regarding the first three months of the 2019, interim periods regarding the first six months of the 2019, financial information regarding the first nine months of the 2019.
Date:
16.01.2020
Status:
In force
Sanctions applied:
A fine of 10 000 euro.
Related article:
Type of infringement:
Breach of Paragraph 5 of the Article 56, Paragraph 1 of the Article 57 and Paragraph 1 of the Article 57.² of the Financial Instruments Law.
Date:
14.12.2020
Status:
In force
Sanctions applied:
A fine of 10 000 euro imposed on the company. A fine of 1000 euro imposed on board member Einārs Buks.
Related article:
Type of infringement:
Breach of Paragraph 5 of the Article 56 and Paragraphs 1 and 2 of the Article 57.² of the Financial Instruments Law.
Date:
21.06.2021
Status:
In force
Sanctions applied:
A fine of 20 000 euro imposed on the company. A fine of 2500 euro imposed on board member Einārs Buks, a fine of 500 euro imposed on board member Deniss Parfens.
Related article:
Type of infringement:
Infringements of the Financial Instruments Market Law: Vasilijs Meļņiks, when disposing of an indirect major holding, and Irina Meļņika, when acquiring and subsequently disposing of an indirect major holding, did not notify it in accordance with procedures laid down in Section 61(1), Section 61.²(1) and (3) and Section 61.³(1) of the Financial Instruments Market Law; Irina Meļņika violated the provisions of Section 66(4), Clause 1 and Section 70(1) of the Financial Instruments Market Law regarding the making of a mandatory share buy-back offer, namely, the offer was not made upon the acquisition of indirect major holding of more than 30% of company shares.
Date:
14.09.2021
Status:
In force
Sanctions applied:
A fine of EUR 100 000 is applied to the shareholders Vasilijs Meļņiks and Irina Meļņika; an agreement with Irina Meļņika on making a mandatory share buy-back offer until 13.10.2021.
Related article:
Type of infringement:
Infringement of Financial Instruments Law
Date:
26.04.2023
Status:
In force
Sanctions applied:
A fine of 5100 euro for the violation of requirements laid down in Paragraph two of Section 4.¹ of the Financial Instrument Market Law, i.e. non-cooperation with the supervisory authority by failing to provide the information requested by it; a fine of 5600 euro for failure by the joint stock company to publish a complete interim report for the first six months of 2022, thus breaching the requirements under Paragraphs two and seven of Section 57 of the Financial Instrument Market Law.
Related article:
Type of infringement:
The requirements of the Financial Instrument Market Law have been infringed by not disclosing information on the decisions taken at the shareholders` meeting of joint stock company Rīgas kuģu būvētava held on 30 June 2022.
Date:
26.04.2023
Status:
In force
Sanctions applied:
Public announcement