On March 20, 2015, the German Federal Financial Supervisory Authority issued a press release stating that it has imposed a fine of €3.25m on BlackRock Investment Management (UK) Ltd for publishing information late or incorrectly on its holdings of corporate voting rights and financial instruments. The inaccurate and late disclosures are deemed to have happened further to a misinterpretation of German disclosure rules and the German regulator stated that BlackRock had approached BaFin on the matter so that it could be rectified.

The press release is available at: http://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Meldung/2015/meldung_150320_bussgeld_blackrock_en.html..

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