The German Financial Supervisory Authority fined Nomura Holdings €320,000. The reason was that during the takeover offer initiated by Yushin Bank from May to June 2026, Nomura failed to submit Commerzbank's voting rights declaration documents on time. BaFin imposed this penalty on October 15, finding that Nomura had breached regulatory obligations and violated Germany's Securities and Exchange Act. Regulations require that when shareholders' voting rights reach, exceed, or fall below a specific threshold, they must complete a declaration with the listed company and BaFin within 4 trading days. For such violations, BaFin can fine legal entities up to 10 million euros or 5% of the company's total revenue.

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