On August 31, 2011 the Federal Council has adopted the dispatch on amending the Stock Exchange Act. The adaptions proposed to the Parliament are of penal as well as of regulatory nature and their adoption would inter alia result in an expanded and tightened criminal offence of insider trading. Further, the bill would introduce certain alterations with regards to the disclosure of holdings in companies listed in Switzerland and public takeovers.
To read the entire article in German, please click here →
For additional information please refer to the media release of the Finance Department of September 1, 2011.
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