zurich march 3 reuters  swiss specialty chemical maker clariant clns is facing sanctions concerning alleged violations of financial reporting regulations six exchange regulation ser said on friday clariants 2020 and 2021 ifrs annual financial statements contained misstatements said ser which monitors compliance with legal and regulatory requirement for the swiss stock exchange the alleged errors relate to the recognition of unjustified provisions in the 2020 ifrs financial statements and insufficient disclosures in connection with the correction of these errors in the 2021 statements ser said for this reason ser has submitted a request for a sanction to the sanctions commission of six group against clariant ltd on 2 march 2023 ser said in a statement clariant did not immediately respond to a request for comment the proceedings are separate to the investigation by ser into clariant for a potential violation of the rules on ad hoc publicity ser said it would provide no further information while proceedings are ongoing