FRANKFURT - Germany's financial watchdog Bafin is routinely looking into any indication of potential violations of stock market disclosure rules, it said on Wednesday, responding to specific claims by an activist investor with regard to RWE shareholders.
The comments come after RWE shareholder Enkraft said that members of the Association of Municipal RWE shareholders, which represents municipalities owning 14.1%, have for years coordinated voting behaviour at annual general meetings without meeting official capital market notification requirements.
"We have received the letter from Enkraft, but do not comment on individual cases," a spokesperson for Bafin said.
"Irrespective of the RWE case, the following applies: We follow up on indications of violations of reporting obligations."
