clariant ag may face a penalty for alleged reporting violations concerning its 2020 and 2021 annual financial statements the swiss stock exchange regulator said friday the six exchange regulation said the alleged errors relate to the recognition of unjustified provisions in the specialty chemicals companys 2020 financial statements and insufficient disclosures related to the correction of those errors in the companys 2021 financial statements 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 it said in february 2022 clariant delayed the publishing of its 2021 result due to an investigation into potential accounting irregularities the probe triggered by whistleblowers concerns whether some employees aimed to steer the companys results to meet internal and external targets the six is investigating the general context of the postponement including both adhoc duty and the financial reporting this was to be expected and does not come as a surprise of course we are working together with the six in full transparency a clariant spokeswoman said these proceedings and the possibility of a sanction are independent of the investigation against clariant outlined by the regulator in january 2023 for potential violation of rules on ad hoc publicity the regulator added