Germany's financial regulator has imposed a fine on the Japanese securities firm Nomura over disclosure breaches connected with Commerzbank. The sanction concerns compliance with rules requiring relevant market information to be disclosed. Nomura is identified as the party responsible, while Commerzbank is named as the company linked to the case. The action brings the adequacy of Nomura's reporting controls under regulatory scrutiny. The report does not state the fine's size, the date of the decision, or the precise disclosure failures found. It also does not indicate whether broader remedial measures have been ordered.